Renovated 12-Unit Mixed-Use
For Sale
$420,000
400 N Main Street, Princeton, IL 61356
Renovated mixed-use property with three residential units and nine commercial spaces, plus a partially finished lower level.
Days on Market123
Property Features for 400 N Main Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
7,786 SF
Year Built
1947
Listing Agency:
Landmark Realty of Illinois LLC
(815) 875-1221
Listed By:
Janelle McCarter · License #471004781
(815) 875-1221
Source:
Birdrealtysells
Added: Mar 30
Changed: Jul 27
Last Checked: Jul 30 at 11:51AM
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 well-maintained 12-unit mixed-use building combines residential living with storefront-style commercial frontage. The property includes three residential units—two two-bedroom apartments and one studio—along with nine commercial spaces that provide diversified rental income. Recent renovations have been completed, and the asset is presented as turnkey with no immediate capital improvements required, with units described as being in strong condition.
The building also features a partially finished lower level, which the current owner notes as a value-add opportunity. Any further development of the lower level into additional residential or commercial units would be subject to local zoning and approvals.
Overall, the property’s balanced unit mix, recent upgrades, and existing partially finished space are intended to support immediate revenue generation and future expansion possibilities.
The building also features a partially finished lower level, which the current owner notes as a value-add opportunity. Any further development of the lower level into additional residential or commercial units would be subject to local zoning and approvals.
Overall, the property’s balanced unit mix, recent upgrades, and existing partially finished space are intended to support immediate revenue generation and future expansion possibilities.
Key Highlights
- Renovated mixed‑use property built in 1947 with 12 total units: 3 residential and 9 commercial spaces
- Residential unit mix includes two 2‑bedroom apartments and one studio
- Partially finished lower level adds potential for future value‑add development (subject to local zoning and approvals)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property with three residential units and nine commercial spaces, plus a partially finished lower level.
Where is this mixed-use property located?
The property is located at 400 N Main Street Princeton, IL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Renovated mixed‑use property built in 1947 with 12 total units: 3 residential and 9 commercial spaces; Residential unit mix includes two 2‑bedroom apartments and one studio; Partially finished lower level adds potential for future value‑add development (subject to local zoning and approvals)
