1310 Il-26 Hwy, Princeton, IL 61356
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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