Property profile

347 Ct St Kankakee, IL 60901

OFF-MARKET
Commercial real estate
Property ID
US28-4552141
0.09 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique mixed-use property located at 347 W Court Street in Kankakee, Illinois, priced at $325,000. The property comprises three parcels sold together, offering significant potential for both established and new businesses. The existing structure includes two apartments, providing immediate rental income, and two street-level storefronts ideal for retail or service businesses. A substantial warehouse space is also included, offering versatile storage or production capabilities. Adding to the property's value is an additional lot, currently undeveloped, which is intended to be converted into expanded customer parking. This strategic addition will enhance the property's functionality and appeal. The property boasts a highly desirable location directly across from a local hospital, ensuring high visibility and consistent foot traffic. This prime location offers unparalleled access to a large customer base and presents a rare chance to acquire a multi-faceted property with substantial growth potential. The combined parcels offer a unique opportunity to consolidate operations, expand existing businesses, or establish a new venture in a thriving area. All three parcels are being sold as a single unit

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (4,000 SF)
APN 16-09-32-323-018
UPID US28-4552141

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

347 Ct St Kankakee, IL 60901-3640
Kankakee metro Census 11700 KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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