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    380 S 7Th Ave Kankakee, IL 60901

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    For Sale
    $1,499,727

    Two self-storage facilities with upside potential in Illinois and Indiana.

    Property size:
    20,880 SF
    Lot size:
    1.09 Acres

    Property Features for 380 S 7Th Ave

    General Information

    Size
    20,880 SF
    Lot size
    1.09 Acres

    Source: RIPCO Real Estate | Tampa Agent Jack Kaiser

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

    Overview

    Self-Storage Portfolio in Two Locations

    This portfolio features two self-storage facilities located in Kankakee, Illinois, and Plymouth, Indiana, less than two hours apart. The properties are situated on approximately 1.90 acres and include a total of 111 units, offering approximately 20,880 square feet of net rentable space. The unit mix is diversified with drive-up self-storage options. Both sites are secured with perimeter fencing and gated entry, allowing for remote operation. The Kankakee facility is located in Northeast Illinois, about 60 miles south of Chicago, with convenient access to major highways, including SR 17 and I-45. The Plymouth, Indiana, facility is at the intersection of U.S. Route 30 and 31, providing accessibility for distribution, logistics, and transportation. There is potential to increase value by raising occupancy and rental rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Intra-Lock Self Storage ... Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kankakee
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.87351
    Latitude
    41.12509

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    FAQs

    What type of property is this?
    Self storage facility - Two self-storage facilities with upside potential in Illinois and Indiana.
    Where is this self storage facility located?
    The property is located at 380 S 7Th Ave Kankakee, IL.
    What is the asking price?
    The asking price for this property is $1,499,727.
    What are key features of this property?
    This property features: - Massive Upside Potential: Increase value through occupancy and rental rate increases.; - Strategic Self-Storage Portfolio: Two properties in Kankakee, IL & Plymouth, IN.; - Centrally Located Facilities: Kankakee near SR 17 & I-45; Plymouth at U.S. Route 30 & 31.
    (732) 742-9250
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    380 S 7Th 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
    380 S 7Th Ave Kankakee, IL 60901
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