Versatile Mixed-Use Building For
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Contact for pricing
2 Park Avenue W, Princeton, IL 61356
Mixed-use property with commercial and residential potential in prime location.
Property Size3,066 SF
Price / SF$84.47
Days on Market155
Property Features for 2 Park Avenue W
General Information
Standard status
Active
Size
3,066 SF
Total Parking Spaces
7
Property subtype
Mixed Use
Zoning
COMMR
Building Details
Year Built
1886
Stories
2
Units
1
Listing Agency:
Landmark Realty of Illinois LLC
(815) 875-1221
Listed By:
Janelle McCarter · License #471.004781
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 11 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Realty of Illinois LLC
Investment Insights
Based on property information with market context.
This brick building presents an opportunity for investors or business owners seeking a flexible mixed-use property in a visible location. The building offers 3,066 square feet on each level, providing versatility for commercial or residential uses. The main floor is configured as a doctor's office, featuring multiple exam rooms, a lab, offices, and additional workspace. It is also suitable for an attorney's office, accounting firm, or counseling center. Remodeled in 2002, the floor plan can be divided into two separate units, each with its own entrance, suitable for multiple tenants or businesses. Two handicap-accessible bathrooms are included. The upstairs area is a large open space previously used by a fraternal organization, offering possibilities for various uses. With flexible zoning, both levels may be used for commercial or residential purposes. The square footage allows for renovation into apartments, a mix of residential and office space, or continued use as a commercial property. Plumbing on the second floor was shut off but could be restored. Multiple entrances are available on both levels. New membrane and shingled roofs were installed in 2023. The property offers visibility and accessibility for businesses.
Key Highlights
- Prime location on the highly desirable courthouse circle with excellent visibility and accessibility.
- Flexible zoning allows for commercial or residential use on both levels.
- Substantial square footage (3,066 sq ft per level) provides exceptional versatility for various uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential potential in prime location.
Where is this mixed-use property located?
The property is located at 2 Park Avenue W Princeton, IL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Prime location on the highly desirable courthouse circle with excellent visibility and accessibility.; Flexible zoning allows for commercial or residential use on both levels.; Substantial square footage (3,066 sq ft per level) provides exceptional versatility for various uses.
