Mixed-Use Property with Commercial and
For Sale
$560,000
242 W Jeffery Street, Kankakee, IL 60901
COMMERCIAL - Kankakee, IL
Lot Size0.30 Acres
Days on Market208
Property Features for 242 W Jeffery Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
STRAIGHT ON WASHIGNTON AVE THEN TAKE A RIGHT ON W JEFFERY ST PROPERTY WILL BE ON YOUR LEFT
Subdivision
Kankakee
Standard status
Active
APN
16170720500500
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12846
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Number of units
7
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Diego Pizano
(888) 574-9405
Added: Jan 3
Changed: Jun 30
Last Checked: Jul 30 at 8:06PM
MLS# 12540003
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mixed-use property combines commercial and residential components in a single asset. The listing is presented as an income-generating opportunity, and it is identified as a unique mixed-use property suitable for buyers looking for diversified on-site income sources.
The property is located at 242 W Jeffery Street in Kankakee, Illinois 60901, within Kankakee County. The site size is listed at 0.298 acres. Additional building details, unit count, and commercial configuration are not provided in the available information, so prospective buyers should request further materials from the listing agent.
Given the mix of commercial and residential use, this property may fit buyers seeking a mixed-use structure with both income streams under one ownership. Its small lot footprint suggests a compact site, and the asset’s mixed-use nature can be attractive for tenants and operators looking for a property that supports both uses. Interested parties should verify current layouts, occupancy, and lease terms through the seller and confirm all due diligence items before proceeding.
The property is located at 242 W Jeffery Street in Kankakee, Illinois 60901, within Kankakee County. The site size is listed at 0.298 acres. Additional building details, unit count, and commercial configuration are not provided in the available information, so prospective buyers should request further materials from the listing agent.
Given the mix of commercial and residential use, this property may fit buyers seeking a mixed-use structure with both income streams under one ownership. Its small lot footprint suggests a compact site, and the asset’s mixed-use nature can be attractive for tenants and operators looking for a property that supports both uses. Interested parties should verify current layouts, occupancy, and lease terms through the seller and confirm all due diligence items before proceeding.
Key Highlights
- Income‑generating asset
- Mixed‑use property (commercial & residential)
- Prime location
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 60901, IL
33,628
Population
15,357
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
97.3 sq mi
ZIP Area
346
Density / Sq Mi
$54,557
Median Household Income
$36,244
Median Earnings
$1,020
Median Rent
$143,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - For sale mixed-use asset combining commercial space and residential income potential on a 0.298-acre lot.
Where is this mixed-use property located?
The property is located at 242 W Jeffery Street Kankakee, IL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Income‑generating asset; Mixed‑use property (commercial & residential); Prime location
