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$309,000 -$10,000 (-3.13%) Price Reduced
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Property Description
Right in the heart of Princeton's lively Art District, this two-story commercial building is brimming with character and potential. The Prairie and Sullivanesque influences are a perfect juxtaposition to the near floor to ceiling front windows, allowing for a bit of today and yesterday to be intertwined. With nearly 9,400 square feet of space, it's the perfect canvas for a visionary looking to bring new energy to this thriving community. The property is designed for multiple uses under one roof-think boutiques, galleries, co-working spaces, studios, cafes, and more. On the second floor, there are two short-term or long term rental units, one already operating successfully as an Airbnb, providing instant income while other parts of the building take shape. Many of the major projects have already been completed. A new roof was installed in 2020, and in 2022 a whole-building rooftop HVAC unit was added to ensure modern comfort. Electrical systems have been improved on both the first floor and in the upstairs apartment foyer. The second floor has been outfitted with new windows, except for the finished apartment, which already had updated windows in place. The back of the building now features new glass doors, and the storefront windows and doors have had broken glass replaced. Inside, partitions have been added on both floors, setting the stage for future offices, apartments, or creative flex spaces. Even the basement has been gutted of its old walls, offering a clean slate for new possibilities. While some projects remain, the most significant updates have already been tackled, leaving behind a strong foundation ready for the next chapter. Whether you envision art studios paired with gallery space, a cafe that spills into a creative workshop, or a destination that blends multiple uses, this historic property is ready to become a cornerstone of Princeton's thriving Art District.
Full Property Details
Full Property Details for 902 N Main St
General
- Price: $309,000
- Taxes: $1,422 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12484468
- Updated: 2/17/2026
- Added to Site: 142 day(s) ago
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: Hollowayville / Princeton
- County: Bureau
- Driving Directions: Take Main Street to 902 north.
- Location Details: Central Illinois
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick, Stucco
- Exterior Const.: Brick, Stucco
- Foundation: Brick/Mortar
- Stories/Levels: 2
- Square Feet: 9,200
- # of Stores: 1
- Year Built: 1896
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,005
- Lot Dimensions: 38.5 x 130
- Zoning: COMMR
Financial Considerations
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1896
- Tax Amount: $1,422.02
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1609311010
Listed by Landmark Realty of Illinois LLC
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Schools
Schools serving 902 N Main St
School Districts:Princeton High School District 500, Princeton Elementary School District 115
| Name | Grades | Distance |
|---|---|---|
Jefferson Elementary School, Princeton, IL 725 West Putnam Street, Princeton, IL 61356 | 1-2 | 0.6 mi |
Logan Jr High School 302 West Central Avenue, Princeton, IL 61356 | 5-8 | 0.6 mi |
Lincoln Elementary School, Princeton, IL 501 South Euclid Avenue, Princeton, IL 61356 | 3-4 | 1 mi |
Princeton High School 103 South Euclid Avenue, Princeton, IL 61356 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 902 N Main St
Date
Details
Price
Change
Source
2/17/2026
Price Reduced
$309,000
-3.13%
MLS
11/02/2025
Price Reduced
$319,000
-13.55%
MLS
9/30/2025
Listed
$369,000
822.5%
MLS
10/01/2020
Sold
$40,000
—
Public Record
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
Tax History for 902 N Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,333
6%
$16,930
9%
2022
$1,260
2%
$15,592
7%
2022
$1,232
3%
$14,619
6%
2020
$1,194
-71%
$13,839
4%
2019
$4,145
1%
$13,333
-71%
2018
$4,108
—
$45,587
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 902 N Main St
902 N Main Street, Princeton, IL 61356 (MLS# 12484468) is a Commercial property. 902 N Main Street is currently listed for $309,000 and was received on September 30, 2025. Want to learn more about 902 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.

