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    242 W Jeffery St Kankakee, IL 60901

    Sponsored
    For Sale
    $560,000

    COMMERCIAL - Kankakee, IL

    Lot size:
    0.30 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 7 at 11:06 am

    Property Features for 242 W Jeffery St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    16170720500500
    Lot size
    0.30 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    7

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Diego Pizano (815) 523-0842

    Listing date Jan 3, 2026

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity, Kankakee

    This mixed-use property in Kankakee, Illinois, presents a potential investment opportunity. The property is situated in a prime location and is designed to generate income from both commercial and residential spaces. The lot size is 0.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tire Shop Express Tire Shop

    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
    -87.8707872
    Latitude
    41.1054835

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in prime location, great investment opportunity.
    Where is this mixed-use property located?
    The property is located at 242 W Jeffery St Kankakee, IL.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - Income-generating asset; - Mixed-use property (commercial & residential); - Prime location
    (888) 574-9405
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    242 W Jeffery St 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
    242 W Jeffery St Kankakee, IL 60901
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