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    8 Dearborn Sq Kankakee, IL 60901

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    For Sale
    $499,000

    Office building with air conditioning available for purchase in Kankakee.

    Property size:
    43,000 SF
    Lot size:
    0.67 Acres

    Property Features for 8 Dearborn Sq

    General Information

    Size
    43,000 SF
    Lot size
    0.67 Acres

    Source: McColly Bennett Real Estate Agent Jay Tamblyn

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

    Overview

    Kankakee Office Building For Sale

    This office building, located at 8 Dearborn Square in Kankakee, Illinois, offers 43,000 square feet of space. The property features air conditioning.
    Location Intelligence

    Current Use by Public Records

    Daily Digital Solutions Marketing Agency The Clean Machine Network Internet Shop Small Newspaper Group ... Newspaper Publisher

    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
    -87.8620261
    Latitude
    41.1198325

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    FAQs

    What type of property is this?
    Office building - Office building with air conditioning available for purchase in Kankakee.
    Where is this office building located?
    The property is located at 8 Dearborn Sq Kankakee, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Air conditioning
    (815) 549-4301
    Request Owner's contact information
    8 Dearborn Sq 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
    8 Dearborn Sq Kankakee, IL 60901
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