501 S Main Street, Princeton, IL

Search Overview Hoa & Taxes Schools

Closed on Mar 14, 2020

24 Days On Market

$225,000

Closed

501 S Main Street, Princeton, IL 61356

- Beds

- Baths

- Sq. Ft.

Historic building for sale in the heart of downtown Princeton! This 5-unit building houses a large 1st-floor retail space (currently occupied by Meadows on Main, formerly occupied by a pharmacy) and 4 2-bedroom apartments on the second level. The retail space boasts over 3,500 square feet of space, including open floor retail space and separate storage/office rooms. The apartments have all been updated with modern kitchens, including granite countertops, bathrooms with tile shower/tub surrounds, and quality flooring throughout. The building is fully-leased and generates strong monthly income. Recent building updates include completely new roof (2019), updated lighting/flooring in retail space (~2017), and exterior painting (2019).

Overview for 501 S Main Street, Princeton

HOA Fees
-
Taxes
$8,376
Sq. Footage
-
Lot Size
-
Bedrooms
-
Bathrooms
-
Laundry
-
Neighborhood
Princeton
Unit Floor Level
-
Property Status
Closed
Property Type
Mixed Use
MLS #
10602644
List Date
Jan 06, 2020
Days on Market
24
List Price
$249,900
Closed Date
Mar 14, 2020

Interior Features for 501 S Main Street, Princeton

Bathroom Information
- # of Baths: 0
Heating and Cooling
- Air Conditioning: Central Air, Central Individual

School information for 501 S Main Street, Princeton

Elementary School-
Elementary School District-
Middle or Junior School-
Middle or Junior School District-
High School-
High School District-

HOA & Taxes for 501 S Main Street, Princeton

HOA Fee-
Frequency-
Includes-
Special Assessments-
Tax$8376
Tax Year2018
Exemptions-
Special Service Area-

Payment Calculator for 501 S Main Street, Princeton

$2,134 per month 30 Years Fixed

Principal and Interest $1,436.408

Property Taxes $698

HOA Dues $0

Home Price

Down Payment

Property Taxes

/month

Interest Rate

HOA Dues

/month

Exterior, Parking & Pets for 501 S Main Street, Princeton

Lot Size50X150
Built before 1978Yes
Age132
PoolNo Private

Similar Listings for 501 S Main Street, Princeton

No Similar Listings Found

Schools near 501 S Main Street, Princeton

Enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home

School Information	Type	Grades	Rating
Lincoln Elementary School 0.3 ml	Public	3-4	5
Princeton High School 0.4 ml	Public	9-12	7
Logan Junior High School 0.4 ml	Public	5-8	5
Jefferson Elementary School 0.7 ml	Public	1-2	NR
Douglas Elementary School 0.9 ml	Public	PK-KG	NR

Facts for 501 S Main Street, Princeton

As of 03/31/2025, 501 S Main Street in Princeton Illinois is listed for $249,900 and has been on the market for 24 days. 501 S Main Street has 0 bedrooms, 0 bathrooms, and 0 square feet. There are currently 2 0-bedroom, 0-bathroom Mixed Uses in Princeton, which have an average asking price of $324,450. The highest-priced 0-bedroom, 0-bathroom Mixed Use in Princeton is $349,000, while the lowest-priced 0-bedroom, 0-bathroom Mixed Use is asking $299,900.

Listing Office: TCG Realty
815-433-4030

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Fulton Grace Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.