We present a multi-wavelength study of IC 1531 (z=0.02564), an extragalactic radio source associated with the γ-ray object 3FGL J0009.9−3206 and classified as a blazar of uncertain type in the Third Fermi Large Area Telescope AGN Catalog (3LAC). A core-jet structure, visible in radio and X-rays, is enclosed within a ∼220 kpc wide radio structure. The morphology and spectral characteristics of the kiloparsec jet in radio and X-rays are typical of Fanaroff-Riley type I galaxies. The analysis of the radio data and optical spectrum and different diagnostic methods based on the optical, infrared and γ-ray luminosities also support a classification as a low-power radio galaxy seen at moderate angles (θ =10 • -20 • ). In the framework of leptonic models, the high-energy peak of the non-thermal nuclear spectral energy distribution can be explained in terms of synchrotron-self-Compton emission from a jet seen at θ ∼15 • . Similarly to other misaligned AGNs detected by Fermi, the required bulk motion is lower (Γ bulk =4) than the values inferred in BL Lac objects, confirming that, because of the de-boosting of emission from the highly-relativistic blazar region, these nearby systems are valuable targets to probe the existence of multiple sites of production of the most energetic emission in the jets.