400 N Main Street Princeton, IL $ 440,000
400 N Main Street
$ 440,000
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400 N Main Street

Princeton, IL, 61356
$ 440,000
Bedrooms-- Baths-- Sq 7,786

Monthly Estimate*

$ 2,709

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Commercial Property for sale in Princeton, IL

for $440,000. This 7,786 square foot building was built in 1947 on a lot size of 0.36.

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.

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Commercial Active

Price

$ 440,000

Property Type

Commercial

Taxes

$ 3,232

Style

Commercial

Lot Size

0.36

Year Built

1947

Town/City

Princeton

County/Region

Bureau

MLS | Web ID

12470751

Features
General
Cooling Window Unit(s)
Utilities Electric to Site Natural Gas Available Sewer Connected
Zoning COMMR
Construction Materials Vinyl Siding
Year Built 1947
Electric Circuit Breakers Separate Meters
Tenant Pays Varies by Tenant
Stories Count 3
Township Princeton
Tax Year 2024
Current Use Commercial
Gross Income 83400
Additional Parcels Description 1609364009
County Bureau
Net Operating Income 69205
Operating Expense 141945
Property Type Commercial Sale Office/Tech
Possible Use Commercial Condominium Office Multi-Family
Status Active
Directions North Main Street in Princeton
City Princeton
Number Of Units Total 12
MLS Area Hollowayville / Princeton
Lot Size Square Feet 15600
Tax Annual Amount 3232.12
Additional Parcels Y/N Y
Leasable Area 7786
Standard Status Active
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Exterior
Water Source Municipal Water
Building Area Total 7786
Lot Dimensions 120 X 130
Lot Size Acres 0.36
Frontage Type City Street US Highway
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* Excluded Features
List By
Landmark Realty Of Illinois Llc

Broker

jalilley24@yahoo.com

Email

Affordability Calculator

$2,978
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,709
Monthly Property Taxes
$269
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/31/2026$440,000 Listed Price

Map


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400 N Main Street, Princeton, IL, 61356 is a Commercial Property for sale at $440,000 with 7,786 sqft and a lot size of 0.36. 400 N Main Street was built in 1947. The property's zip code is 61356 which is in Princeton, IL