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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1370 W Court St, Kankakee, IL 60901

    0.17 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-3791433
    Property summary
    AI-generated overview

    This exceptional 1,550 square foot mixed-use building at 1370 W Court Street in Kankakee, Illinois, presents a unique investment opportunity. Ideally situated in a high-traffic area, ensuring excellent visibility and accessibility, this property is perfectly suited for a variety of businesses. Previously configured as a financial institution, the building boasts a comprehensive array of features including a drive-through, multiple teller lines, a secure vault, a well-appointed lobby area, and a convenient kitchenette. The existing infrastructure significantly reduces the time and expense associated with setting up a new business. The layout is adaptable and can easily be reconfigured to accommodate a range of commercial uses, making it an attractive option for entrepreneurs seeking a turnkey operation or investors looking for a strong return. The building's prime location and versatile design combine to create a compelling investment opportunity in a thriving market. The property sits on a 0-acre lot, offering convenient access and ample space for customer parking. This is a rare chance to acquire a fully equipped, high-traffic commercial property in a desirable location. Don't miss this chance to secure your future in Kankakee. The asking price is $450,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.17 ac (7,500 SF)
    APN 16-09-31-405-001
    UPID US28-3791433
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Credit Union 1 Credit Union
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1370 W Court Street LLC · 2 yrs held
    1370 W Court Street LLC
    since 2024
    Last sale
    $195,000
    2 recorded transactions
    2024
    $195,000
    2005
    $225,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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