Property profile

1310 Il-26 Hwy Princeton, IL 61356

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This fully renovated Princeton, IL commercial property, located at 1310 IL-26 Highway, presents a wealth of possibilities. The main level boasts multiple offices and rooms, along with a kitchen area suitable for commercial food service. An ADA-compliant ramp leads to a spacious reception area. The upper level includes additional office space, a kitchen, and a bathroom. A fully renovated lower level offers a complete living space with numerous rooms, a beautiful kitchen, and multiple bathrooms, complete with an egress. This versatile property is ideal for a variety of uses, including group living, daycare, adult daycare, or assisted living. Conversion to multi-family housing is also feasible. The ample space could be adapted for event hosting, complemented by paved parking and extensive grounds. Strategically located just south of I-80 in Princeton, this property benefits from high visibility and significant traffic, with an Illinois Department of Transportation reported count of 12,000 cars per day. The asking price is $450,000. This exceptional property offers a unique blend of functionality and location, making it an attractive investment opportunity.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1310 Il-26 Hwy Princeton, IL 61356
Princeton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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