902 N Main Street Princeton, IL $ 319,000
902 N Main Street
$ 319,000
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902 N Main Street

Princeton, IL, 61356
$ 319,000
Bedrooms-- Baths-- Sq 9,200

Monthly Estimate*

$ 1,990

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Commercial Property for sale in Princeton, IL

for $319,000. This 9,200 square foot building was built in 1896 on a lot size of 0.114899.

Right in the heart of Princeton's lively Art District, this two-story commercial building is brimming with character and potential. The Prairie and Sullivanesque influences are a perfect juxtaposition to the near floor to ceiling front windows, allowing for a bit of today and yesterday to be intertwined. With nearly 9,400 square feet of space, it's the perfect canvas for a visionary looking to bring new energy to this thriving community. The property is designed for multiple uses under one roof-think boutiques, galleries, co-working spaces, studios, cafes, and more. On the second floor, there are two short-term or long term rental units, one already operating successfully as an Airbnb, providing instant income while other parts of the building take shape. Many of the major projects have already been completed. A new roof was installed in 2020, and in 2022 a whole-building rooftop HVAC unit was added to ensure modern comfort. Electrical systems have been improved on both the first floor and in the upstairs apartment foyer. The second floor has been outfitted with new windows, except for the finished apartment, which already had updated windows in place. The back of the building now features new glass doors, and the storefront windows and doors have had broken glass replaced. Inside, partitions have been added on both floors, setting the stage for future offices, apartments, or creative flex spaces. Even the basement has been gutted of its old walls, offering a clean slate for new possibilities. While some projects remain, the most significant updates have already been tackled, leaving behind a strong foundation ready for the next chapter. Whether you envision art studios paired with gallery space, a cafe that spills into a creative workshop, or a destination that blends multiple uses, this historic property is ready to become a cornerstone of Princeton's thriving Art District.

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Commercial Active

Price

$ 319,000

Property Type

Commercial

Taxes

$ 1,422

Style

Lot Size

0.114899

Year Built

1896

Town/City

Princeton

County/Region

Bureau

MLS | Web ID

12484468

Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick Stucco
Year Built 1896
Electric Circuit Breakers
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Bureau
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Take Main Street to 902 north.
City Princeton
Number Of Units Total 5
MLS Area Hollowayville / Princeton
Lot Size Square Feet 5005
Tax Annual Amount 1422.02
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Brick/Mortar
Building Area Total 9200
Lot Dimensions 38.5 X 130
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* Excluded Features
List By
Landmark Realty Of Illinois Llc

Broker

jalilley24@yahoo.com

Email

Affordability Calculator

$2,109
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,990
Monthly Property Taxes
$119
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
11/2/2025$319,000 -13.55% Price Down
10/1/2025$369,000 Listed Price

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902 N Main Street, Princeton, IL, 61356 is a Commercial Property for sale at $319,000 with 9,200 sqft and a lot size of 0.114899. 902 N Main Street was built in 1896. The property's zip code is 61356 which is in Princeton, IL