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Two-Story Mixed-Use Building
For Sale
$299,000

902 N Main Street, Princeton, IL 61356

Character-rich commercial building with COMMR zoning, updated building systems, and adaptable interior areas across two levels.

Property Size9,200 SF
Price / SF$32.50
Days on Market315

Property Features for 902 N Main Street

General Information

Standard status Active
Size 9,200 SF
Property subtype Commercial
Zoning COMMR

Taxes and HOA fees

Annual Taxes $1,422

Building Details

Building Size 9,200 SF
Year Built 1896
Buildings 1
Stories 2
Units 5
Construction Prairie and Sullivanesque
Tenancy Multi
Listing Agency: Landmark Realty of Illinois LLC
Listed By: Janelle McCarter · License #471004781
Source: Gia-sells
Added: Sep 30, 2025 Changed: Aug 7 Last Checked: Aug 9 at 1:23PM

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.

Built in 1896, this two-story mixed-use building combines large street-facing windows with a flexible interior configuration. The property includes two upstairs rental units, with one currently operating as an Airbnb, along with partitioned areas on both floors and a basement cleared for future buildout. The layout can accommodate a range of commercial and residential components under one roof, subject to applicable approvals.

Major capital work includes a roof replacement completed in 2020 and installation of a whole-building rooftop HVAC unit in 2022. Electrical improvements have been made on the first floor and in the second-floor apartment foyer. The upper level has new windows except within the finished apartment, which already had updated windows. New rear glass doors and repaired storefront glazing further update the building envelope. Located at 902 N Main Street in Princeton, Illinois, the property is zoned COMMR and positioned in the city’s Art District.

Key Highlights

  • Two‑story mixed‑use building constructed in 1896
  • Property Size: 9200
  • Two upstairs rental units; one currently operates as an Airbnb

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Bakery Plumbing Service Skin Care Clinic

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

240
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Character-rich commercial building with COMMR zoning, updated building systems, and adaptable interior areas across two levels.
Where is this mixed-use property located?
The property is located at 902 N Main Street Princeton, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1896; Property Size: 9200; Two upstairs rental units; one currently operates as an Airbnb
More about this property
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