Welcome to Your Next Investment! A versatile mixed-use commercial property offering the perfect blend of business and residential potential. Situated in the vibrant urban neighborhood of El Paso, this building has two rental offices on the ground floor with the potential for a residential apartment on the second floor. The larger office is currently occupied by a State Farm Insurance agent with a 5-year lease. The smaller office is a one room business, previously used as a salon, with a half bath and laundry hookup: available to rent. The upstairs apartment area is partially gutted and has a New 100 Amp Service installed with a separate meter along with its own separate water meter. All of the main floor was remodeled in 2023.
The median home value in El Paso, IL is $184,000. This is higher than the county median home value of $181,200. The national median home value is $338,100. The average price of homes sold in El Paso, IL is $184,000. Approximately 67.07% of El Paso homes are owned, compared to 27.28% rented, while 5.64% are vacant. El Paso real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a El Paso real estate agent to arrange a tour today!
El Paso, Illinois has a population of 2,896. El Paso is less family-centric than the surrounding county with 30.36% of the households containing married families with children. The county average for households married with children is 33.36%.
The median household income in El Paso, Illinois is $58,179. The median household income for the surrounding county is $76,486 compared to the national median of $69,021. The median age of people living in El Paso is 37.1 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 15.1 degrees. The average rainfall is approximately 38.4 inches per year, with 20.5 inches of snow per year.