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    475 Riverstone Pkwy Kankakee, IL 60901

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    For Sale
    $325,000

    3.5 acre retail outlot with high visibility and traffic.

    Lot size:
    3.51 Acres

    Property Features for 475 Riverstone Pkwy

    General Information

    Lot size
    3.51 Acres
    Source: Kw

    Listing Agent: Jay Tamblyn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kankakee Retail Outlot For Sale

    This 3.5-acre fully improved outlot in Kankakee presents a retail opportunity. The property is located along I-57 at Exit 308, offering interstate visibility and high traffic counts. It is situated adjacent to a Walmart Supercenter, Hilton Garden Inn, Speedway, KFC, Taco Bell, Subway, Cash Store, Dollar Tree, and Dunkin' Donuts. The property is located in a TIF district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Hair Salon Nail Salon Building Supply Pharmacy Bar & Pub Hotel & Motel Grocery Store Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kankakee
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8665954
    Latitude
    41.0802569

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    FAQs

    What type of property is this?
    Commercial land - 3.5 acre retail outlot with high visibility and traffic.
    Where is this commercial land located?
    The property is located at 475 Riverstone Pkwy Kankakee, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Prime Retail Location: Excellent interstate visibility and high traffic counts along I-57 at Exit 308.; - Fully Improved 3.5 Acre Outlot: Ready for development.; - Adjacent to Major Retailers: Located next to Walmart Supercenter, Hilton Garden Inn, and more.
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    475 Riverstone Pkwy 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
    475 Riverstone Pkwy Kankakee, IL 60901
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