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    590 S Washington Ave Kankakee, IL 60901

    For Sale
    $125,000

    Land - Kankakee, IL

    Days on Market:
    129
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 590 S Washington Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16170511800600

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Flanagan Realty (630) 388-8522 [email protected]

    Listing agent Daniel Flanagan (630) 791-0505 License #471000084

    Listing date Aug 7, 2025

    MLS# 12440359 Listing URL

    Copyright © 2025 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.

    Overview

    Kankakee Redevelopment Opportunity

    This property presents a redevelopment opportunity in downtown Kankakee. Formerly a gas station and convenience store, the corner lot offers visibility and access across from the Kankakee River. The existing 1,100 square foot building on a lot of approximately 13,000 square feet is suitable for auto service, a sit-down restaurant, or redevelopment. The larger corner lot includes dual alley access. Note that the property will be restricted against uses competitive with convenience stores.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Circle K Gas Station Shell Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kankakee
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8686714
    Latitude
    41.114737

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    FAQs

    What type of property is this?
    Gas station - Redevelopment opportunity in downtown Kankakee, ideal corner location.
    Where is this gas station located?
    The property is located at 590 S Washington Ave Kankakee, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime corner location in downtown Kankakee with high visibility and access.; - Redevelopment opportunity suitable for auto service or a sit-down restaurant.; - Large +/-13,000 sq ft lot with dual alley access.
    (630) 791-0505
    Request Owner's contact information
    590 S Washington Ave Kankakee, IL 60901
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    Kankakee, IL 60901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    590 S Washington Ave Kankakee, IL 60901
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