Active

400 Main Street

Princeton, IL 61356
$440,000
0beds
0baths
sqft
0.36acres
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About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1947
Lot size0.36 acres
Annual tax$3,232.12
CountyBureau
MLS #MRD12470751
Days on market8

Features

Cooling
Window Unit(s)
Utilities
Electric to SiteNatural Gas AvailableSewer Connected
Construction
Vinyl Siding
Listed by
Landmark Realty of Illinois LLC
Janelle McCarter · 815-252-7283

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/6/2026, 5:07:04 AM. All data should be independently verified.

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