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    465 Mulberry St Manteno, IL 60950

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    For Sale
    $549,900

    Commercial and residential units with existing leases in place.

    Property size:
    6,114 SF
    Lot size:
    1.14 Acres

    Property Features for 465 Mulberry St

    General Information

    Size
    6,114 SF
    Lot size
    1.14 Acres

    Source: McColly Bennett Real Estate Agent Jay Tamblyn

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

    Overview

    Mixed-Use Property with Leased Units

    The property includes two commercial units and one residential unit. One commercial unit offers 2,000 square feet and is leased through May 2024. This unit features two overhead doors and a private restroom with a shower. The second commercial unit provides 1,800 square feet and is leased through May 2025. It includes an office, a private restroom, and one overhead door. The residential unit is approximately 1,500 square feet and includes a large garage space with an overhead door. The building is equipped with 230 Amp/single-phase electric and internet. The commercial space is clean and usable, situated in a location with convenient access to main thoroughfares and highways. The total property size is 6,114 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Kitchen & Bath Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.809383
    Latitude
    41.231084

    Nearby Similar for Sale

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    • $599,000
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      Manteno Mixed-Use Building For Sale

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      465 Mulberry St, Manteno, IL 60950
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    FAQs

    What type of property is this?
    Flex space - Commercial and residential units with existing leases in place.
    Where is this flex space located?
    The property is located at 465 Mulberry St Manteno, IL.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Two commercial units provide immediate rental income (leases through May 2024 and May 2025).; - Residential unit with approximately 1,500 SF and large garage.; - Commercial units offer desirable features: overhead doors, private restrooms, and office.
    (815) 549-4301
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    465 Mulberry St Manteno, IL 60950
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    Manteno, IL 60950
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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
    465 Mulberry St Manteno, IL 60950
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