Description
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 Highlights
Property Type: Commercial - Office
Building Description: 3.0 stories
Year Built: 1947
General Information
County: Bureau
Listed By:
Landmark Realty of Illinois LLC
815-875-1221
MRED MLS
MLS ID: 12470751
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400 N Main Street, Princeton, IL 61356.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $440,000 | $440,000 | $440,000 |
| Down Payment | $88,000 | $15,400 | $110,000 |
| Monthly Mortgage Amount | $2,110 | $2,590 | $2,696 |
| Taxes | $612 | $612 | $612 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $194 | $0 |
| Monthly Estimated Total | $2,850 | $3,524 | $3,436 |
About this area
Find houses for sale in Princeton, Iowa and learn about the local community and real estate market.
A delightful small town settled on the banks of the Mississippi River, Princeton feels worlds away from the busy urban center of Davenport. Yet for those who commute, it’s a 30-minute straight shot on State Street to get there, making this a convenient place to live. Life here is all about taking it easy and enjoying the beautiful surroundings. Along the riverfront, you’ll find a marina with an adjacent bar and grill complete with thatched roof umbrellas. The is a top place in town to gather with neighbors and enjoy some leisure time. A second marina is located to the north, giving residents more options for their boat trips on the river.
Princeton is home to a few scenic parks where residents can stretch their legs and get some fresh air. Water Tower Park is a popular place to hang out amid greenery and maybe even catch a baseball game. And the sprawling refuge of Princeton Wildlife Management Area lies directly north. Here, residents enjoy hiking, fishing, and kayaking in the marshy areas along the river.
Luckily for home buyers, there’s a variety of homes for sale in Princeton, from older fixer-uppers to newer homes built for modern convenience. For those who want to be close to the river, there are attractive options just a stone’s throw from State Street, the de facto center of town.
Get connected with a local real estate expert for up-to-date real estate market trends, nearby school profiles, community demographic information, and more.
No matter the reason for moving, Ruhl&Ruhl Realtors has plenty of real estate options and homes for sale in Princeton, IA for you to choose from. Continue browsing this page to see all houses for sale in Princeton, Iowa and if you need to do a little more research before buying, check out the pages below.
Nearest Ruhl&Ruhl Office
1228 Middle Road
Bettendorf, IA 52722
Phone Number: (563) 441-1776