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Property profile & analytics

401 Main St Princeton, IL 61356

  • Commercial real estate
  • 0.05 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-3749349
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 401 Main St

Lot size
0.05 lot acres
Property type
Commercial real estate
APN
16-16-326-001
APU
1616326001

Description

This exceptional 2,250 square foot office building is ideally situated at the prominent intersection of Route 6 and Route 34 in Princeton, Illinois, ensuring high visibility and accessibility. Boasting two convenient entrances, the property offers four dedicated off-street parking spaces, supplemented by ample street parking on Main Street. Its strategic location directly across from the Post Office and within walking distance of the Courthouse and other businesses on the south end of town provides unparalleled convenience. The building features two levels, each mirroring the other's layout. The upper level comprises three individual offices (measuring 12x20, 11x12, and 11x16 feet) and a spacious common area/waiting room (9x14 feet). The lower level offers a similar configuration with two offices, a conference room, and a large common area/waiting room. Both levels include a restroom and storage space. The building's mechanical systems are well-maintained, with a furnace only nine years old and a hot water heater replaced approximately five years ago. Two illuminated building signs, strategically positioned to maximize visibility to major traffic flows, provide excellent advertising opportunities. The property presents a unique opportunity for a single tenant or the potential for income generation by leasing out portions of the building to multiple occupants. This is a rare chance to acquire a well-maintained, high-visibility office building in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Princeton
County
Bureau
State
Illinois
Longitude
-89.4648
Latitude
41.3716
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,320
$7,734
$8,611
$16,345
-
$23,202
$25,833
$49,035
More about this property
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