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Call Joe Frieders
815-693-4958
Serving Dekalb, LaSalle & Kendall County areas since 1989

Joe has been selling Real Estate at Swanson Real Estate since 1989 and also the Managing Broker at Swanson Realtor for the last several years. In all those years Joe has sold hundred of homes, building lots and land. Learn more
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250 Peru StreetPaw Paw, IL 61353




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$1,049Business owner retiring-offering a rare commercial real estate investment opportunity to reimagine this well-maintained, income-producing property for your next venture or portfolio expansion. Currently operating as a long-standing daycare and preschool, this versatile mixed-use property is primed for transformation with multiple high-value exit strategies. Ideally positioned for commercial mixed-use zoning potential, continue operating a business while incorporating comfortable residential living quarters. Investors will appreciate the ability to convert into a multi-unit income property, with potential for 2-3 rental units utilizing the existing footprint, strategic bathroom enhancements, an existing 2nd-floor apartment, and an exterior-access finished basement-ideal for separate tenant entry and rental flexibility. Alternatively, reimagine the property as a multi-family investment property or fully deconvert into a spacious single-family home, perfectly suited for multi-generational living with defined separation, privacy, and flexible floorplan options to accommodate extended family or dual living needs. Set on two village lots, the property features a fenced yard, a blacktop half basketball court, and ample outdoor space for expansion, recreation, or value-add improvements. The oversized barn/garage offers exceptional storage, workshop, or contractor space, complemented by an attached one-car garage currently utilized by the tenant. Meticulously maintained with consistent interior updates since 1992, this is a rare opportunity for investors, developers, or owner-occupants to secure a flexible, high-potential property with strong income-producing capability, redevelopment upside, and long-term ROI potential.
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Status changed to Active | |
| a month ago | Listing first seen on site |
Based on information submitted to the MLS GRID as of 2026-06-03 05:55 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-06-03 05:55 PM UTC
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Joe Frieders, Managing Broker
Swanson Real Estate
815-786-9418 Sandwich
630-553-3333 Yorkville
815-693-4958 Direct
Areas Served: Dekalb, Lasalle, Kendall counties Illinois including Big Rock, Earlville, Hinckley, Leland,
Naperville, Newark, Oswego, Plano, Sandwich, Sheridan, Somonauk and Yorkville
