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Downtown Kankakee Office Building
For Sale
$449,000
Pending

8 Dearborn Square, Kankakee, IL 60901

43,000 SF office building in downtown Kankakee for sale.

Property Size43,000 SF
Days on Market734

Property Features for 8 Dearborn Square

General Information

Standard status Pending
Size 43,000 SF
Property subtype Commercial/Industrial

Building Details

Year Built 1920
Listing Agency: McColly Bennett Real Estate
Listed By: Jay Tamblyn · License #475131086
Source: Exitrealty
Added: Aug 17, 2024 Changed: Jul 10 Last Checked: Jul 23 at 8:10AM

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 43,000 square foot office building is available for sale. The property is centrally located, situated one block from the Courthouse, banks, and shopping areas, including a Farmers Market. The building, constructed with brick, limestone, and block, is reported to be in good condition. The two-story structure features over 26,000 square feet of office space, along with conference rooms, multiple restrooms, and a large production or industrial area. The property is priced at its recent appraised value.

Key Highlights

  • 43,000 sq ft office building in Downtown Kankakee
  • Centrally located, 1 block from Courthouse, banks, shopping/Farmers Market
  • Over 26,000 sq ft of office space

Property Analytics

Current Use

Daily Digital Solutions Advertising Agency The Clean Machine Network (Bike/Boat/Book/etc) Store Small Newspaper Group ... Publishing House

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

1,191
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 - 43,000 SF office building in downtown Kankakee for sale.
Where is this office building located?
The property is located at 8 Dearborn Square Kankakee, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 43,000 sq ft office building in Downtown Kankakee; Centrally located, 1 block from Courthouse, banks, shopping/Farmers Market; Over 26,000 sq ft of office space
More about this property
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