There are multiple listings for this address:
400 N Main Street
Princeton, IL, 61356
$440,000
Beds
0 Baths
0 SqFt
0.36 Acres
Add
MLS #MRD12470751 image #0
This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.

Property Details

Price:
$440,000
MLS #:
MRD12470751
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
hollowayvilleprinceton
Listed Date:
Mar 30, 2026
Lot Size:
15,600 sqft / 0.36 acres (approx)
Year Built:
1947
Hollowayville / PrincetonHollowayvilleprinceton

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Schools

School District:
500

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Vinyl Siding
Parking Features
Parking Lot, Yes
Parking Spots
12
Parking Total
12

Financial

Net Operating Income
$69,205
Tax Year
2024
Taxes
$2,201

Map

Community

Market Summary

Current real estate data for Commercial in Princeton as of Jun 13, 2026
8
Commercial Listed
274
Avg DOM
$356,462
Avg List Price

Property Summary

    400 N Main Street Princeton IL is a Commercial for sale in Princeton, IL, 61356. It is listed for $440,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12287803broker reciprocity
777 S Main Street #ALL
Princeton, IL

$349,000

0.8 miles away

400 N Main Street
Princeton, IL
400 N Main Street
Princeton, IL, 61356
$440,000
5 Beds
5 Baths
0 SqFt
0 Acres
Add
MLS #MRD12646206 image #0
This well-maintained 12-unit mixed-use property presents a compelling opportunity for investors seeking immediate cash flow with additional upside potential. The asset is comprised of three residential units (two spacious two-bedroom apartments and one efficiently designed studio), alongside nine commercial spaces fronts that provide diversified income streams. Over the past several years, the building has undergone significant renovations, resulting in a turnkey investment requiring no immediate capital improvements. All units are in strong condition, allowing a new owner to step in and begin generating revenue from day one. In addition to its current income, the property features a partially finished lower level, offering clear value-add potential. Investors may explore opportunities to further develop this space into additional residential or commercial units, subject to local zoning and approvals, thereby increasing overall returns. With a balanced unit mix, recent upgrades, and future expansion potential, this property is ideally positioned for both stable cash flow and long-term appreciation.

Property Details

Price:
$440,000
MLS #:
MRD12646206
Status:
Active
Beds:
5
Baths:
5
Type:
Multi Family
Neighborhood:
hollowayvilleprinceton
Listed Date:
May 12, 2026
Year Built:
1947
Hollowayville / PrincetonHollowayvilleprinceton

Ask a Question

See this Listing

Send
  

Schools

School District:
500

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Vinyl Siding
Parking Features
Parking Lot, Yes
Parking Spots
12
Parking Total
12

Financial

Net Operating Income
$69,205
Tax Year
2024
Taxes
$2,201

Map

Community

Market Summary

Current real estate data for Multi Family in Princeton as of Jun 13, 2026
8
Multi Family Listed
274
Avg DOM
$356,462
Avg List Price

Property Summary

    400 N Main Street Princeton IL is a Multi Family for sale in Princeton, IL, 61356. It is listed for $440,000

Similar Listings Nearby