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Downtown Kankakee Office Building
For Sale
$499,000
Pending

6 Dearborn Square, Kankakee, IL 60901

14,640 SF office building in downtown Kankakee for sale.

Property Size14,640 SF
Days on Market714

Property Features for 6 Dearborn Square

General Information

Standard status Pending
Size 14,640 SF
Property subtype Commercial/Industrial

Building Details

Year Built 1978
Listing Agency: McColly Bennett Real Estate
Listed By: Jay Tamblyn · License #475131086
Source: Exitrealty
Added: Aug 16, 2024 Changed: Jul 6 Last Checked: Jul 23 at 9:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Bennett Real Estate

Investment Insights

Based on property information with market context.

Located in downtown Kankakee, this 14,640 square foot building is available for sale or lease. The steel frame, block, and brick building is in good condition and centrally located near the Courthouse, banks, and shopping, including a Farmers Market. The building features over 13,000 square feet of office space and a large storage area with a 24-foot ceiling height. The building is fully sprinklered and includes over 20 offices, multiple conference rooms, and restrooms. The property is suitable for office and warehouse use.

Key Highlights

  • 14,640 SF office building in Downtown Kankakee
  • Centrally located near Courthouse, banks, and shopping/Farmers Market
  • Over 13,000 SF of office space with over 20 offices, multiple conference rooms, and restrooms

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Garden Center Hotel & Motel Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,337
Businesses Nearby

Demographics for 60901, IL

33,628
Population
15,357
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
97.3 sq mi
ZIP Area
346
Density / Sq Mi
$54,557
Median Household Income
$36,244
Median Earnings
$1,020
Median Rent
$143,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 14,640 SF office building in downtown Kankakee for sale.
Where is this office building located?
The property is located at 6 Dearborn Square 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: 14,640 SF office building in Downtown Kankakee; Centrally located near Courthouse, banks, and shopping/Farmers Market; Over 13,000 SF of office space with over 20 offices, multiple conference rooms, and restrooms
More about this property
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