Located in the heart of Paxton’s business district, this oversized lot has a ton of potential. Currently zoned R-3, and located within the city’s TIF district, this property most recently was used as an apartment building with a tax office in the front. It abuts both residential and business zoning, so the possibilities are many. The building was demolished, partial basement filled in and topsoil added late 2025, so the tax amount doesn’t reflect the current lot. The owner would also consider build-to-suit for the right situation. Interstate 57, IL Route 45, 9 and 115 are just minutes away as well. With both street and alley access, this is a premium lot close to so many of Paxton’s great amenities and just steps from the historic downtown area.