Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    347 Court St Kankakee, IL 60901

    Sponsored
    For Sale
    $325,000

    High-visibility, multi-use property with expansion potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    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 Features for 347 Court St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kankakee
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.86949
    Latitude
    41.12119

    Nearby Similar for Sale

    • $125,000
      0.06 Acres

      Kankakee Restaurant with Garage

      Well-located restaurant with garage near hospitals and Metra station.
      430 W Station St, Kankakee, IL 60901
      View Details
    • New
      $560,000
      0.30 Acres

      Mixed-Use Investment Opportunity, Kankakee

      Mixed-use property in prime location, great investment opportunity.
      242 W Jeffery St, Kankakee, IL 60901
      View Details
    • $104,999

      Kankakee Residential Income Opportunity

      Two-unit multifamily home with original hardwood floors and built-ins.
      312 S Evergreen Ave, Kankakee, IL 60901
      View Details
    • New
      $260,000
      0.50 Acres

      Kankakee Commercial Property For Sale

      Commercial property in Kankakee, IL, with multiple potential uses.
      150 E Brookmont Blvd, Kankakee, IL 60901
      View Details
    • $1,499,727
      20,880 SF

      Self-Storage Portfolio in Two Locations

      Two self-storage facilities with upside potential in Illinois and Indiana.
      380 S 7Th Ave, Kankakee, IL 60901
      View Details
    • $44,900

      Spacious Mobile Home in Kankakee

      Affordable 4-bedroom, 2-bathroom mobile home in well-kept community.
      1995 Schuyler Ave, Kankakee, IL 60901
      View Details
    • $499,000
      43,000 SF

      Kankakee Office Building For Sale

      Office building with air conditioning available for purchase in Kankakee.
      8 Dearborn Sq, Kankakee, IL 60901
      View Details
    • $249,900
      5,200 SF

      Retail Property in Kankakee, IL

      Retail property available for sale in Kankakee, Illinois.
      793-797 N 5Th Ave, Kankakee, IL 60901
      View Details
    • $149,900
      720 SF

      Retail Property in Kankakee, IL

      Retail property featuring 720 square feet of space for sale.
      1375 W Court St, Kankakee, IL 60901
      View Details
    • $139,000
      2,200 SF

      Kankakee Flex/Industrial Space For Sale

      2,200 SF flex/industrial space available in Kankakee, Illinois.
      1270 Stanford Dr, Kankakee, IL 60901
      View Details
    • $320,000
      4,825 SF

      Retail Property in Kankakee, IL

      Retail property with 4,825 square feet of space.
      1198 N Schuyler Ave, Kankakee, IL 60901
      View Details
    • $499,000
      7,407 SF

      Kankakee Office Building For Sale

      7,407 SF office building in Kankakee, Illinois.
      130 S Dearborn Ave, Kankakee, IL 60901
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, multi-use property with expansion potential.
    Where is this commercial real estate located?
    The property is located at 347 Court St Kankakee, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    (815) 937-4370
    Request Owner's contact information
    347 Court St Kankakee, IL 60901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    347 Court St
    Kankakee, IL 60901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    347 Court St Kankakee, IL 60901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.