SQUARE FEET7,786
MLS#12470751
STATUSActive
PROPERTY TYPECommercial - Office
Property Description
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 Features
Property Type: Commercial - Office
Cooling: Window Unit(s)
Lot Size: 0.36 Acres
Stories: 3.0
Taxes: $3,232
Year Built: 1947
Feature Descriptions
Current Use: Commercial
Electric: Circuit Breakers, Separate Meters
Exterior: Vinyl Siding
Fire Protection: Fire Extinguisher/s
Frontage Type: City Street, US Highway
HVAC: Forced Air, Gas
Lot Dimensions: 120 X 130
Miscellaneous Indoor: Common Lunchroom/s, Public Restroom/s
Number of Tenant(s): 6
Parcel#: 1609364010
Potential Use: Commercial, Condominium, Office, Multi-Family
Tenant Pays: Varies by Tenant
Units: 12
Utilities: Electric to Site, Natural Gas Available, Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Landmark Realty of Illinois LLC
Agency Phone: 815-875-1221
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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400 N Main Street | MLS# 12470751
This commercial property located at 400 N Main Street, Princeton, IL 61356 is currently listed for sale with an asking price of $440,000. Search Princeton real estate on www.bhhscrosby.com today.