There are multiple listings for this address:
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
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
Tax Year
2024
Taxes
$2,201
Contact Us
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400 N Main Street
Princeton, IL
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
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
Tax Year
2024
Taxes
$2,201
Contact Us
Mortgage Calculator
Similar Listings Nearby
Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…
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