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    OFF-MARKET
    Office Spaces

    1310 Il-26 Hwy, Princeton, IL 61356

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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