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Retail Investment Property
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255 East Station Street, Kankakee, IL 60901

Retail property offered for sale with a stated 4,000 SF and 6.50% cap rate.

Property Size4,000 SF
Days on Market135

Property Features for 255 East Station Street

General Information

Standard status Active
Size 4,000 SF
Property subtype Retail

Additional Details

Cap Rate 6.5%
Listing Agency: Mid-America Real Estate
Listed By: George Ghattas · License #IL 475135588
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 3:17PM

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 Mid-America Real Estate

Investment Insights

Based on property information with market context.

This for-sale retail property is presented with a stated 4,000 SF size and a 6.50% cap rate. It’s positioned as a straightforward retail investment opportunity based on the information provided.

The property is located at 255 East Station Street in Kankakee, Illinois. No additional details on the building’s layout, condition, or tenant configuration were included in the submission.

Prospective buyers should review the offering materials for any further information on the property’s current use, improvements, and income details.

Key Highlights

  • Retail property for sale with a stated 4,000 SF
  • Stated 6.50% cap rate

Property Analytics

Current Use

Midland States Bank Bank Midland States Bank ... Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Garden Center Building Supply 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

1,334
Businesses Nearby
42k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 49% Shops & Services 26% Dining 25%
Jewel-Osco Groceries
20,598 visits/mo 0.2 miles
Dollar Tree Shops & Services
7,917 visits/mo 0.3 miles
Burger King Dining
6,464 visits/mo 0.1 miles
Jimmy John's Dining
2,537 visits/mo 0.2 miles
PNC Bank Shops & Services
2,346 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property offered for sale with a stated 4,000 SF and 6.50% cap rate.
Where is this retail space located?
The property is located at 255 East Station Street Kankakee, IL.
What are key features of this property?
This property features: Retail property for sale with a stated 4,000 SF; Stated 6.50% cap rate
(630) 954-7398 Call to check price and availability
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