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    22 Park Ave Princeton, IL 61356

    For Sale
    $257,500

    Spacious building, multiple uses, great location.

    Property size:
    7,484 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional mixed-use property at 22 Park Avenue in Princeton, Illinois, presents a unique investment opportunity. Boasting nearly 7,484 square feet of heated main floor space, this substantial building offers incredible versatility. Previously utilized as a county jail, the layout includes twelve individual cells, numerous offices, multiple bathrooms, and a dedicated gun range. The property also features ample storage throughout. A partially finished basement adds further potential for expansion or adaptation. Beyond the main structure, the 1.52-acre lot encompasses six parcels, including a detached garage, expansive paved parking areas (front and side street), and rear grassy lots. The strategic location directly across from the county courthouse and surrounded by professional offices and residential homes ensures high visibility and accessibility. The sale includes an extended closing date to accommodate the owner's relocation of a radio tower. Note that some personal property may remain on the premises after closing. This property is ready for your vision and entrepreneurial spirit. Its size, location, and existing features make it ideal for a variety of commercial ventures.

    Property Features for 22 Park Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,484 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -89.46417
    Latitude
    41.36724

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious building, multiple uses, great location.
    Where is this mixed-use property located?
    The property is located at 22 Park Ave Princeton, IL.
    What is the asking price?
    The asking price for this property is $257,500.
    (815) 875-1221
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    22 Park Ave 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
    22 Park Ave Princeton, IL 61356
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