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4-Suite Office Building
For Sale
$594,700

123 S Pleasant Street, Princeton, IL 61356

Commercial Sale, Princeton, IL

Property Size20,000 SF
Lot Size0.50 Acres
Price / SF$29.74
Days on Market125

Property Features for 123 S Pleasant Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions From Main St., turn West onto Crown St. Building is on the corner of Pleasant and Crown.
Subdivision Hollowayville / Princeton
Standard status Active
APN 1616157007
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 17643

Utilities

Cooling system Central Air

Building Details

Year built 1980
Floors in Building 2
Number of units 4
Flooring type Carpet
Building materials Steel Siding, Brick
Roof type Metal
Listing Agency: Landmark Realty of Illinois LLC
Listed By: Lauren Smith
Added: Apr 23 Changed: Aug 20 Last Checked: Aug 25 at 5:06AM
MLS# 12624969

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 123 S Pleasant Street in Princeton, Illinois, this 20,000-square-foot office building contains four suites of approximately 5,000 square feet each. Suite layouts include multiple offices, conference rooms, common rooms, and storage areas. Men’s and women’s restrooms serve each floor, and an elevator connects the levels.

The 1980 building features steel construction with brick and steel siding, a metal roof, a concrete slab foundation, and Flexicore flooring between the first and second floors. New HVAC units and 400-amp electrical service support the building’s office configuration. A parking lot across the street to the south is included, and the property is zoned COMMR.

Key Highlights

  • 20,000 SF office building with 4 office suites
  • Each suite is approximately 5,000 SF
  • Elevator and men's and women's bathrooms on each floor

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Real Estate Agency Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

Demographics for 61356, IL

10,915
Population
5,120
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
93%
High-School Grad
189.6 sq mi
ZIP Area
58
Density / Sq Mi
$63,952
Median Household Income
$35,830
Median Earnings
$751
Median Rent
$146,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Steel-framed commercial property with elevator access, updated HVAC, flexible suite layouts, and included parking across the street.
Where is this office building located?
The property is located at 123 S Pleasant Street Princeton, IL.
What is the asking price?
The asking price for this property is $594,700.
What are key features of this property?
This property features: 20,000 SF office building with 4 office suites; Each suite is approximately 5,000 SF; Elevator and men's and women's bathrooms on each floor
More about this property
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