Restaurant Building with Event
For Sale
$380,000
164 N Schuyler Avenue, Kankakee, IL 60901
A leased downtown property pairs food-service infrastructure with dining and private-event areas on two levels.
Property Size7,250 SF
Price / SF$52.41
Days on Market20
Property Features for 164 N Schuyler Avenue
General Information
Standard status
Active
Size
7,250 SF
Property subtype
Commercial
Zoning
COMMR
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
10%
Patio
Yes
Taxes and HOA fees
Annual Taxes
$4,345
Amenities
full bar
second bar
private-event/party space
walk-in cooler
wine-cellar area
Building Details
Building Size
7,250 SF
Year Built
1912
Buildings
1
Stories
2
Units
1
Listing Agency:
McColly Bennett Real Estate
Listed By:
Jay Tamblyn · License #475131086
(815) 929-9381
Source:
Fishmangroup
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 26 at 3:48AM
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
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Investment Insights
Based on property information with market context.
This 7,250-square-foot, two-story restaurant property was built in 1912 and is zoned COMMR. The main floor has a commercial kitchen with fire suppression, dining space, a bar, and two restrooms. Upstairs are more dining and private-event areas, a second bar, two additional restrooms, and storage. The basement contains mechanical and storage areas, a walk-in cooler, and a wine cellar. A fenced brick-paver patio adds an outdoor dining area.
The property is at 164 N Schuyler Avenue in downtown Kankakee. It is fully leased to a tenant that has operated at this address for more than a decade, with four years remaining on the lease. The offering cites a 10 cap return.
The property is at 164 N Schuyler Avenue in downtown Kankakee. It is fully leased to a tenant that has operated at this address for more than a decade, with four years remaining on the lease. The offering cites a 10 cap return.
Key Highlights
- 7,250‑square‑foot restaurant building on three levels, including a full basement
- Fully leased; tenant has operated at the location for over a decade, with 4 years left on the lease
- Main‑floor commercial kitchen includes a fire suppression system
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Dining 30%
Shops & Services 9%
Jewel-Osco
Groceries
20,598 visits/mo
0.4 miles
Burger King
Dining
6,464 visits/mo
0.4 miles
Jimmy John's
Dining
2,537 visits/mo
0.1 miles
PNC Bank
Shops & Services
2,346 visits/mo
0.2 miles
Pizza Hut
Dining
1,254 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A leased downtown property pairs food-service infrastructure with dining and private-event areas on two levels.
Where is this conventional restaurant located?
The property is located at 164 N Schuyler Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 7,250‑square‑foot restaurant building on three levels, including a full basement; Fully leased; tenant has operated at the location for over a decade, with 4 years left on the lease; Main‑floor commercial kitchen includes a fire suppression system
