400 N Main Street, Princeton, IL 61356
sale
$420,000
|
Office
Courtesy Of Landmark Realty of Illinos LLC
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.
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Property Features
- Age: Over 50 Years Old
- Building Units: 12
- Cooling System: Window Unit(s)
- Exterior Type: Vinyl Siding
- Floors: 3
- MLSID: 12470751
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