400 N Main ST, Princeton, IL 61356
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400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
400 N Main ST, Princeton, IL 61356
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 420,000
Est. payment /mo
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Price Dropped by $20K

400 N Main ST Princeton, IL 61356

7,786 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 7,786 sqft

Price per Sqft $53

MLS Listing ID 12470751

Year Built 1947

Annual Tax Amount $2,898

Tax Year 2025

Lot Size 0.360 Acres

Lot Dimensions 120 X 130

Property Sub-Type Office/Tech

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.

Location

State IL

County Bureau

Area Hollowayville / Princeton

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected

Building

Dwelling Type Office/Tech

Water Municipal Water

Structure Type Vinyl Siding

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Janelle McCarter of  Landmark Realty of Illinois LLC 

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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400 N Main ST

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