As dowski suggested, you could use WMI to get printer properties. The following code displays all properties for a given printer name. Among them you will find: PrinterStatus, Comment, Location, DriverName, PortName, etc.
using System.Management;
...
string printerName = "YourPrinterName";
string query = string.Format("SELECT * from Win32_Printer WHERE Name LIKE '%{0}'", printerName);
using (ManagementObjectSearcher searcher = new ManagementObjectSearcher(query))
using (ManagementObjectCollection coll = searcher.Get())
{
try
{
foreach (ManagementObject printer in coll)
{
foreach (PropertyData property in printer.Properties)
{
Console.WriteLine(string.Format("{0}: {1}", property.Name, property.Value));
}
}
}
catch (ManagementException ex)
{
Console.WriteLine(ex.Message);
}
}