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400 N Main Street, Princeton, IL 61356

$440,000
  • 400 N Main Street, Princeton, IL 61356 Main Photo

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Active
SQUARE FEET7,786 MLS#12470751
STATUSActive PROPERTY TYPECommercial - Office

Property Description

This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.

400 N Main Street | MLS# 12470751

This commercial property located at 400 N Main Street, Princeton, IL 61356 is currently listed for sale with an asking price of $440,000. Search Princeton real estate on lindadunn.bhhscrosby.com today.

Property Features

Property Type: Commercial - Office
Cooling: Window Unit(s)
Lot Size: 0.36 Acres
Stories: 3.0
Taxes: $3,232
Year Built: 1947

Feature Descriptions

Current Use: Commercial
Electric: Circuit Breakers, Separate Meters
Exterior: Vinyl Siding
Fire Protection: Fire Extinguisher/s
Frontage Type: City Street, US Highway
HVAC: Forced Air, Gas
Lot Dimensions: 120 X 130
Miscellaneous Indoor: Common Lunchroom/s, Public Restroom/s
Number of Tenant(s): 6
Parcel#: 1609364010
Potential Use: Commercial, Condominium, Office, Multi-Family
Tenant Pays: Varies by Tenant
Units: 12
Utilities: Electric to Site, Natural Gas Available, Sewer Connected

Listed By / Shown By

Listed By

Agency Name: Landmark Realty of Illinois LLC
Agency Phone: 815-875-1221

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