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2 Park Ave W 6,132 SF Office Building Princeton, IL 61356 $259,000 ($42.24/SF)



Investment Highlights
- Located within Princeton's central business district near government, retail, and service-oriented businesses.
- Multiple exam rooms, offices, laboratory space, and support areas.
- Prominent location on Princeton's courthouse circle with strong visibility and accessibility.
- Large open second-floor space offering redevelopment or multi-tenant potential.
Executive Summary
This sturdy brick building offers an incredible opportunity for investors, business owners, or anyone seeking a flexible mixed-use property in a highly visible location on the courthouse circle. With 3,066 square feet on each level, the layout provides exceptional versatility for a wide variety of commercial or residential uses. The main floor is currently configured as a doctor's office, featuring multiple exam rooms, a lab, offices, and additional workspace. It would also make a fabulous attorney's office, accounting firm, counseling center, or many other uses. The entire space was completely remodeled in 2002 by Key Builders, creating a professional and efficient layout. The floor plan could also be easily divided into two separate units, each with its own entrance, making it ideal for multiple tenants or businesses. Two handicap-accessible bathrooms add convenience and accessibility. Upstairs, you'll find a large open space previously used by a fraternal organization, offering a blank slate for a variety of possibilities. With the property's current flexible zoning, both levels may be used for commercial or residential purposes. The generous square footage could allow for a renovation into several well-sized apartments, a mix of residential and office space, or continued use as a commercial property with minimal changes. While plumbing on the second floor was shut off years ago, it could be restored if future plans call for residential units or additional facilities. Additional highlights include: * Multiple entrances on both levels * Highly desirable courthouse circle location * New membrane and shingled roofs installed in 2023 * Excellent visibility and accessibility for businesses. Whether you're looking to launch or expand your business, invest in rental income, or develop a mixed-use property, this versatile building offers endless potential in a prime location. Bring your vision and make this standout property your next opportunity-schedule a showing with your agent today!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,132 SF
Building Class
C
Year Built
1886
Price
$259,000
Price Per SF
$42.24
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,066 SF
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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2 Park Ave W

