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$440,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 7,786 Sq. Ft.
  • Updated 2 hours ago
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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.

Full Property Details for 400 N Main St

General

  • Price: $440,000
  • Taxes: $3,232 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12470751
  • Updated: 4/3/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Common Lunchroom(s), Public Restroom(s)

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Hollowayville / Princeton
  • County: Bureau
  • Township: Princeton
  • Driving Directions: North Main Street in Princeton
  • Location Details: Far West

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Gas

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Stories/Levels: 3
  • Square Feet: 7,786
  • Current Bldg. Use: Commercial
  • Year Built: 1947
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 6
  • Extra Storage Avail: Yes

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,600
  • Lot Dimensions: 120 x 130
  • Frontage: City Street, US Highway
  • Potential Use: Commercial, Condominium, Office, Multi-Family
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $141,945
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1947
  • Tax Amount: $3,232.12
  • Tax Year: 2024
  • Tenant Pays: Varies by Tenant

Disclosures and Reports

  • Property ID: 1609364010

Listed by Landmark Realty of Illinois LLC

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Listing agents

— 400 N Main St —

  • Landmark Realty of Illinois LLC

  • Landmark Realty of Illinois LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 400 N Main St

School Districts:Princeton High School District 500, Princeton Elementary School District 115
NameGradesDistance
Logan Jr High School
302 West Central Avenue, Princeton, IL 61356
5-80.3 mi
Douglas Elementary School, Princeton, IL
220 East Lasalle Street, Princeton, IL 61356
PK-K0.3 mi
Jefferson Elementary School, Princeton, IL
725 West Putnam Street, Princeton, IL 61356
1-20.5 mi
Princeton High School
103 South Euclid Avenue, Princeton, IL 61356
9-120.5 mi
Lincoln Elementary School, Princeton, IL
501 South Euclid Avenue, Princeton, IL 61356
3-40.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 400 N Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$440,000
1366.67%
MLS
5/08/2007
Sold
$30,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 400 N Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,063
6%
$26,206
9%
2022
$1,950
2%
$24,135
7%
2022
$1,907
3%
$22,628
6%
2020
$1,847
—
$21,420
4%
2019
$1,854
1%
$20,635
1%
2018
$1,837
—
$20,388
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Landmark Realty of Illinois LLC

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400 N Main Street, Princeton, IL 61356 (MLS# 12470751) is a Commercial property. 400 N Main Street is currently listed for $440,000 and was received on March 30, 2026. Want to learn more about 400 N Main Street? Do you have questions about finding other Commercial real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

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