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

902 N Main St, Princeton, IL 61356

Two floors combine commercial areas with rental units and substantial building updates.

Property Size9,400 SF
Price / SF$32.50
Days on Market10

Property Features for 902 N Main St

General Information

Standard status Active
Size 9,400 SF

Building Details

Year Built 1896
Buildings 1
Stories 2
Building Size 9,400 SF
Listing Agency: Landmark Realty of Illinois LLC
Listed By: Janelle McCarter · License #471004781
Source: Realtopiare
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 28 at 8:51PM

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 commercial property at 902 N Main Street offers nearly 9,400 square feet across multiple levels. The building includes two second-floor rental units, with one currently operating as an Airbnb, while interior partitions on both floors support a range of potential layouts. The basement has been cleared of its former walls, creating additional adaptable space.

Major improvements include a replacement roof completed in 2020, a whole-building rooftop HVAC installation added in 2022, upgraded electrical systems on the first floor and in the upstairs apartment foyer, and new second-floor windows except in the finished apartment. New rear glass doors and replacement glazing in the storefront windows and doors further update the building. The property is zoned COMMR and is located in Princeton's Art District.

Key Highlights

  • Nearly 9,400 square feet in a two‑story mixed‑use commercial building
  • Two second‑floor rental units; one currently operates as an Airbnb
  • New roof installed in 2020

Property Analytics

Current Use

Creative 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.

Location Intelligence

Trade Area within ½ mile

350
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 - Two floors combine commercial areas with rental units and substantial building updates.
Where is this mixed-use property located?
The property is located at 902 N Main St 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: Nearly 9,400 square feet in a two‑story mixed‑use commercial building; Two second‑floor rental units; one currently operates as an Airbnb; New roof installed in 2020
More about this property
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