12-Unit Mixed-Use Building

400 N Main Street Princeton, IL 61356

Claim this Listing
For Sale
$420,000

COMMERCIAL - Princeton, IL

Type:Office
Lot size:
0.36 Acres
Added:
Mar 30, 2026
Days on Market:
104
Last Refresh:
Jul 11 at 12:06 am

Property Features for 400 N Main Street

General Information

Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Standard status
Active
APN
1609364010
Lot size
0.36 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
3232

Utilities

Utilities
Natural Gas Available
Cooling system
Window Unit(s)

Building Details

Year built
1947
Floors in Building
3
Number of units
12
Building materials
Vinyl Siding

Listing agent Janelle McCarter License #471004781

Listing office Landmark Realty of Illinois LLC 1221 N. Main St., Princeton, IL

Listing date Mar 30, 2026

MLS# 12470751

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 well-maintained 12-unit mixed-use building includes three residential units and nine commercial spaces fronting along the main commercial area. The residential component consists of two two-bedroom apartments and one studio apartment. The commercial spaces provide multiple income streams within the same property.

The property is located at 400 N Main Street in Princeton, Illinois, within Bureau County. The building has undergone significant renovations in recent years and is presented as a turnkey investment with no immediate capital improvements noted. A partially finished lower level is included, providing an opportunity for further development subject to local zoning and approvals.

The unit mix and renovation history support a streamlined acquisition for an owner seeking to begin generating revenue promptly, while the partially finished space offers potential for future expansion.

Key Highlights

  • 12‑unit mixed‑use property with 3 residential units (two 2‑bedroom apartments and 1 studio) plus 9 commercial spaces
  • Recent renovations reported, with units described as in strong condition for revenue from day one
  • Partially finished lower level offering potential value‑add through additional residential or commercial units (subject to zoning/approvals)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Hair Salon Daycare Center Big Box & Wholesale Store Barber Shop

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

FAQs

What type of property is this?
Mixed-use property - Well-maintained mixed-use property with three residential units and nine commercial spaces.
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: 12‑unit mixed‑use property with 3 residential units (two 2‑bedroom apartments and 1 studio) plus 9 commercial spaces; Recent renovations reported, with units described as in strong condition for revenue from day one; Partially finished lower level offering potential value‑add through additional residential or commercial units (subject to zoning/approvals)
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