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    465 Mulberry St Manteno, IL 60950

    Sponsored
    For Sale
    $599,000

    Spacious 6,144 sq ft building on 1.15 acres

    Property size:
    6,144 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Manteno property offers a unique blend of commercial and residential space, ideal for owner-occupancy or investment. The 6,144 square foot building sits on a generous 1.15-acre lot and features two separate commercial units. One unit, measuring 2,000 square feet, is currently leased until May 2024. This unit boasts two overhead doors, providing ample access for various uses, and includes a private restroom with a shower. The second commercial unit, spanning 1,800 square feet, is leased until May 2025 and features an office, a private restroom, and one overhead door. The residential component of the property is approximately 1,500 square feet, complemented by a large garage with an overhead door and mezzanine storage. This residential area includes two bedrooms and two and a half bathrooms and could easily be converted into additional office space. A separate 225-square-foot heated and air-conditioned outbuilding provides extra space, potentially suitable for an office or additional bedroom. The property benefits from 230 Amp single-phase electric service and internet access. The commercial spaces are clean and well-maintained, conveniently located with easy access to major roads and highways. The large grassy yard offers potential for expansion of parking. Village water and sewer services are available. This property presents a rare opportunity to combine living and working in one location.

    Property Features for 465 Mulberry St

    General Information

    Property type
    Retail properties
    Square Feet
    6,144 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Kitchen & Bath Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.80917
    Latitude
    41.23138

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    Nearby Similar for Sale

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      Mixed-Use Property with Leased Units

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    FAQs

    What type of property is this?
    Retail property - Spacious 6,144 sq ft building on 1.15 acres
    Where is this retail property located?
    The property is located at 465 Mulberry St Manteno, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    (815) 929-9381
    Request Owner's contact information
    465 Mulberry St Manteno, IL 60950
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    Manteno, IL 60950
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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
    465 Mulberry St Manteno, IL 60950
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