Real Estate Owned REO. Corner lot in city limits. The property is a great opportunity for growth in the area, located in city limits of Paxton located close to 331 next to Ellis Agricultural Field Airport. This commercial property consist of an all brick building located on the corner of the acreage a work building located directly south of the brick home. The current zone is 1 acre commercial and over 7 acres residential with a combined lot under one parcel ID. The town is happy to welcome new businesses and potential for this location to expand and potential rezone to all commercial with this unique opportunity on a corner lot with frontage on Highway 147. Call to take a look today.