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400 N Main Street

Princeton, Illinois, 61356, United States

Property ID: #12719045 // Commercial // Source Status: Active
    / 39
Traditional Sale
List Price:
USD $420,000
Icon 7,786 ft²
Icon 0.36 acres
Icon - beds
Icon - baths
Address:
400 N Main Street
City:
Princeton
State:
Illinois
Municipality or Township:
Princeton
Zip Code:
61356
County:
Bureau
Neighborhood:
Hollowayville Princeton
Country:
United States
Property Type:
Commercial
Additional Property Types:
Commercial, Office
Year Built:
1947
Property Size:
7,786 ft²
Lot Size:
0.36 acres
Units:
12
Data Source:
Midwest Real Estate Data (MRED)
MLS/Reference Number(s):
12470751
Source Status:
Active
Source Property Type:
Commercial Sale, Office

Property Provided By

  • Janelle McCarter
  • Landmark Realty of Illinois LLC
  • +1 (815) 252-7283

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Property Information

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.

Directions

North Main Street in Princeton

Source Disclaimer

Midwest Real Estate Data (MRED)

Based on information submitted to the MLS GRID as of 2026-08-28 20:50:11 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2026-09-15 18:13:04. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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