400 N Main Street, Princeton, IL 61356
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.
- Listing Courtesy of: Landmark Realty of Illinois LLC
Details
Updated on June 15, 2026 at 9:24 pm-
Property ID MRD12470751
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Price $440,000
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Land Area 0.36 Acres
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Year Built 1947
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Property Type Office
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Property Status Active
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Parcel Number 1609364010
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Water Source Municipal Water
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MLS Status Active
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Co List Agent MLS ID MRD272896
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Days On Market 77
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Living Area 0.36
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Cumulative Days On Market 45
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Tax Annual Amount 3232.12
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Cooling Window Unit(s)
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Directions North Main Street in Princeton
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BuildingAreaTotal 7786
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LotSizeSquareFeet 15600
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StoriesTotal 3
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Zoning COMMR
Address
Open on Google Maps- Address 400 N Main Street
- City Princeton
- State/county IL
- Zip/Postal Code 61356
- Country United States
Overview
- Office
- 1947
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