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Multi-Tenant Brick Retail Office
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533 W Main Street, Princeville, IL 61559

Single-story brick building offers three suites with separate utilities and HVAC, including office and retail space.

Property Size3,360 SF
Price / SF$37.17
Days on Market61

Property Features for 533 W Main Street

General Information

Standard status Active
Size 3,360 SF
Property subtype Office, Retail

Building Details

Stories 1
Construction brick
Tenancy Multi
Listing Agency: RE/MAX Traders Unlimited
Listed By: Jessica Ball · License #475175281
Source: Crexi
Added: Jun 3 Changed: Jul 23 Last Checked: Aug 2 at 11:45AM

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 RE/MAX Traders Unlimited

Investment Insights

Based on property information with market context.

Well cared for single-story brick investment property in Princeville, IL, currently divided into three units. The east end contains an office suite, the west end contains a retail suite, and the middle unit is leased as a salon. There is a shared foyer serving the middle and east units.

The middle unit is currently leased below market rate, with the tenant paying metered utilities and public works services including water, sewer and garbage. The building has three furnaces and air conditioners, with two Ameren electric meters serving the office and salon/retail together, three Ameren gas meters, and one water meter and one sewer meter.

The property is located in the Princeville TIF I district. It presents a straightforward three-suite configuration for an owner-operator or investor seeking a mixed office and retail building.

Key Highlights

  • Single‑story brick building divided into 3 units: 1,100 SF office suite, 835 SF retail suite, and 1,300 SF salon unit
  • Shared foyer of approximately 120 SF serves the middle and east units
  • Separate metered utilities for office, salon, and retail: 2 Ameren electric meters and 3 Ameren gas meters, plus 1 water meter and 1 sewer meter

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Hair Salon Garden Center Law Firm Pharmacy (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

119
Businesses Nearby

Demographics for 61559, IL

3,199
Population
1,490
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
97.2 sq mi
ZIP Area
33
Density / Sq Mi
$82,500
Median Household Income
$45,884
Median Earnings
$1,089
Median Rent
$171,500
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
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Frequently Asked Questions

What type of property is this?
Office units - Single-story brick building offers three suites with separate utilities and HVAC, including office and retail space.
Where is this office units located?
The property is located at 533 W Main Street Princeville, IL.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Single‑story brick building divided into 3 units: 1,100 SF office suite, 835 SF retail suite, and 1,300 SF salon unit; Shared foyer of approximately 120 SF serves the middle and east units; Separate metered utilities for office, salon, and retail: 2 Ameren electric meters and 3 Ameren gas meters, plus 1 water meter and 1 sewer meter
(309) 687-5000 Call to check price and availability
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