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    145 Indiana Ave Kankakee, IL 60901

    Sponsored
    For Sale
    $275,000

    Prime Location, Office & Warehouse

    Property size:
    35,575 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property at 145-151 S Indiana Avenue in Kankakee, Illinois, presents a unique investment opportunity. The property comprises a two-story office building and an adjacent single-story warehouse, offering a combined total of 35,575 square feet of versatile space. The office building boasts 14,050 square feet, with 7,025 square feet on each of its two floors. A significant advantage is the inclusion of a 7,000 square foot basement, accessible via a convenient ramp, ideal for indoor parking or additional storage. The adjacent warehouse adds another 14,500 square feet of space, featuring a practical overhead drive-in door for easy loading and unloading. This centrally located property enjoys high visibility and accessibility, situated directly across from the Kankakee County Courthouse. Its prime downtown location places it within easy walking distance of several banks, various shopping options, and the vibrant Farmers Market. The asking price of $275,000 makes this a compelling proposition for investors seeking a substantial and well-positioned commercial property in a thriving downtown area. The combination of office and warehouse space caters to a wide range of potential uses and tenants. This is a rare opportunity to acquire a significant commercial property in a desirable location at an attractive price.

    Property Features for 145 Indiana Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    35,575 SF

    Building Details

    Year Built
    1920
    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
    -87.86162
    Latitude
    41.11944

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Office & Warehouse
    Where is this commercial real estate located?
    The property is located at 145 Indiana Ave Kankakee, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    (815) 929-9381
    Request Owner's contact information
    145 Indiana Ave 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
    145 Indiana Ave Kankakee, IL 60901
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