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    6 Dearborn Sq Kankakee, IL 60901

    Sponsored
    For Sale
    $549,000

    Spacious Office Building - Prime Location

    Property size:
    14,640 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 14,640 square foot office building is ideally situated in the heart of downtown Kankakee, Illinois, at 6 Dearborn Square. Its central location offers unparalleled convenience, with close proximity to the courthouse, banks, and the vibrant farmers market. The building itself is a sturdy steel frame, block, and brick structure, maintained in excellent condition. The expansive interior boasts over 13,000 square feet of versatile office space, perfectly suited for a variety of business needs. A significant feature is the large storage area, offering ample space and boasting impressive 24-foot ceiling heights. The building's comprehensive fire safety system includes a fully installed sprinkler system, ensuring peace of mind for occupants. The layout includes over 20 individual offices, multiple well-appointed conference rooms, and conveniently located restrooms. This property presents a rare opportunity to acquire a substantial and well-maintained commercial space in a thriving downtown area. The building is available for sale or lease, making it an attractive option for businesses seeking a prominent and functional location. Its prime location and substantial size make it an exceptional investment opportunity. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 6 Dearborn Sq

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,640 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.86238
    Latitude
    41.11955

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Office Building - Prime Location
    Where is this commercial real estate located?
    The property is located at 6 Dearborn Sq Kankakee, IL.
    What is the asking price?
    The asking price for this property is $549,000.
    (815) 929-9381
    Request Owner's contact information
    6 Dearborn Sq 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
    6 Dearborn Sq Kankakee, IL 60901
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