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

902 N Main Street, Princeton, IL 61356

Commercial Sale, Princeton, IL

Property Size9,400 SF
Lot Size0.11 Acres
Price / SF$31.81
Days on Market368

Property Features for 902 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Take Main Street to 902 north.
Subdivision Hollowayville / Princeton
Standard status Active
APN 1609311010
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1422

Utilities

Cooling system Central Air

Building Details

Year built 1896
Floors in Building 2
Number of units 5
Building materials Brick, Stucco
Listing Agency: Landmark Realty of Illinois LLC
Listed By: Janelle McCarter · License #471004781
Added: Sep 30, 2025 Changed: Oct 1 Last Checked: Oct 2 at 11:06PM
MLS# 12484468

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.

Dating to 1896, this two-story brick-and-stucco property contains nearly 9,400 square feet. Its commercial and residential components include two second-floor rental units, one of which is operating as a short-term rental. Interior partitions on both floors support a range of possible layouts, while the cleared basement provides additional interior space.

The building is in Princeton’s Art District and has COMMR zoning. Improvements include a roof installed in 2020 and a rooftop HVAC unit added in 2022. Electrical work has been completed on the first floor and in the upstairs apartment foyer; second-floor windows were replaced except in the finished apartment, which already had updated windows. New glass doors were added at the rear, and damaged storefront glass was replaced.

Key Highlights

  • Nearly 9,400 square feet in a two‑story building
  • Two second‑floor rental units; one operates as a short‑term rental
  • Roof installed in 2020; rooftop HVAC added in 2022

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Bakery Plumbing Service Dental Office

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Upper-level apartments complement commercial space in Princeton’s Art District.
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: Nearly 9,400 square feet in a two‑story building; Two second‑floor rental units; one operates as a short‑term rental; Roof installed in 2020; rooftop HVAC added in 2022
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