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400 N Main St 4,182 SF Specialty Building Offered at $625,090 CAD in Princeton, IL 61356
Executive Summary
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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- Offering Memorandum
Property Facts
| Price | $625,090 CAD | Lot Size | 0.36 AC |
| Price Per SF | $80.28 CAD | Building Size | 7,786 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1947 |
| Property Subtype | Religious Facility | Parking Ratio | 1.8/1,000 SF |
| Building Class | C | Cross Streets | Washington St |
| Zoning | B-3 Commercial | ||
| Price | $625,090 CAD |
| Price Per SF | $80.28 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 7,786 SF |
| No. Stories | 3 |
| Year Built | 1947 |
| Parking Ratio | 1.8/1,000 SF |
| Cross Streets | Washington St |
| Zoning | B-3 Commercial |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $22,341 CAD | |
| Land Assessment | $26,727 CAD | Total Assessment | $49,068 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$26,727 CAD
Improvements Assessment
$22,341 CAD
Total Assessment
$49,068 CAD
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Landmark Realty
400 N Main St
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