Search
Brick Mixed-Use Building
For Sale
$259,000

2 Park Avenue W, Princeton, IL 61356

Commercial Sale, Princeton, IL

Property Size6,132 SF
Lot Size0.17 Acres
Price / SF$42.24
Days on Market169

Property Features for 2 Park Avenue W

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions South on Main St. Left on Park Ave (one way) go around backside of the Court House. Building is on the right hand side, corner of Main and Park Ave.
Subdivision Hollowayville / Princeton
Standard status Active
APN 1616353003
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5144

Utilities

Cooling system Central Air

Building Details

Year built 1886
Floors in Building 2
Number of units 1
Building materials Brick
Listing Agency: Landmark Realty of Illinois LLC
Listed By: Janelle McCarter · License #471004781
Added: Mar 10 Changed: Aug 20 Last Checked: Aug 25 at 4:06AM
MLS# 12589720

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.

This two-level brick building provides a flexible mixed-use layout with 3,066 square feet on each level. The main floor is arranged as a medical office with exam rooms, a lab, offices, additional workspace, and two handicap-accessible bathrooms. Multiple entrances support the existing configuration and provide flexibility for future division into separate units.

The upper level offers a large open area that can be adapted for commercial, residential, or combined use. The property’s COMMR zoning supports both commercial and residential purposes. The building was remodeled in 2002, and new membrane and shingled roofs were installed in 2023. Central air serves the property, which is located at 2 Park Avenue W on the courthouse circle in Princeton, Illinois.

Key Highlights

  • 3,066 square feet on each of two levels
  • COMMR zoning allows commercial or residential use
  • Main floor medical office with exam rooms, lab, offices, and workspace

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store Barber Shop (Bike/Boat/Book/etc) Store Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

542
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level brick property with flexible commercial or residential zoning and multiple entrances for adaptable occupancy.
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: 3,066 square feet on each of two levels; COMMR zoning allows commercial or residential use; Main floor medical office with exam rooms, lab, offices, and workspace
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message