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    401 Main St Princeton, IL 61356

    For Sale
    $160,000

    High-traffic corner lot office building, two levels.

    Property size:
    2,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2,250 square foot office building is ideally situated at the prominent intersection of Route 6 and Route 34 in Princeton, Illinois, ensuring high visibility and accessibility. Boasting two convenient entrances, the property offers four dedicated off-street parking spaces, supplemented by ample street parking on Main Street. Its strategic location directly across from the Post Office and within walking distance of the Courthouse and other businesses on the south end of town provides unparalleled convenience. The building features two levels, each mirroring the other's layout. The upper level comprises three individual offices (measuring 12x20, 11x12, and 11x16 feet) and a spacious common area/waiting room (9x14 feet). The lower level offers a similar configuration with two offices, a conference room, and a large common area/waiting room. Both levels include a restroom and storage space. The building's mechanical systems are well-maintained, with a furnace only nine years old and a hot water heater replaced approximately five years ago. Two illuminated building signs, strategically positioned to maximize visibility to major traffic flows, provide excellent advertising opportunities. The property presents a unique opportunity for a single tenant or the potential for income generation by leasing out portions of the building to multiple occupants. This is a rare chance to acquire a well-maintained, high-visibility office building in a desirable location.

    Property Features for 401 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,250 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Bureau
    State
    Illinois
    Longitude
    -89.4648
    Latitude
    41.37165

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic corner lot office building, two levels.
    Where is this office property / space located?
    The property is located at 401 Main St Princeton, IL.
    What is the asking price?
    The asking price for this property is $160,000.
    (815) 875-1221
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    401 Main St Princeton, IL 61356
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Main St Princeton, IL 61356
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