Search
Mixed-Use Industrial and Residential Building
For Sale
Contact for pricing
Pending

257 South West Avenue, Kankakee, IL 60901

Building combines sheet metal business space with five upstairs apartments, including recent upgrades to two units.

Property Size18,000 SF
Days on Market150

Property Features for 257 South West Avenue

General Information

Standard status Pending
Size 18,000 SF
Property subtype Mixed Use

Additional Details

Heavy Power Yes
Multifamily Units 5
Listing Agency: Speckman Realty Real Living
Listed By: Cindy Olson Purdy · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Sep 7 at 8:12AM

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 Speckman Realty Real Living

Investment Insights

Based on property information with market context.

This for-sale mixed-use commercial building currently operates with a sheet metal business on the commercial level and five apartments upstairs. Two of the apartment units have been recently redone with high-end industrial finishes, and both include SS appliances and in-unit laundry.

Built on an estimated original structure from the 1900s with multiple additions, the property includes a most recent addition completed in 1997 adding approximately 4,200 square feet. That addition includes an office and shop, along with open-bay space in I-beam construction with 440V electrical, a heated GFA system, and an 18-foot overhead door. Additional office space totals three more offices with storage, and the building also includes a 715-square-foot basement used for storage, plus lunch/breakroom and bookkeeping/estimators support offices.

The building includes updated electrical work, with 2018 panel updates to breakers in the commercial space. It is located in a TIF district.

Key Highlights

  • Commercial building with sheet metal business space plus 5 upstairs apartments
  • Total size approx. 18,000+/- SF, with most recent addition in 1997 adding approx. 4,200 SF
  • 2 of the 5 apartments were redone with high‑end industrial finishes (1B/1B) featuring SS appliances and in‑unit laundry

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Catering Service Acupuncture Real Estate Agency

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

Lease Details

5
Residential units
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

1,343
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Tasteful Bites LLC 1055 S West Ave, Kankakee, IL 60901

Frequently Asked Questions

What type of property is this?
Flex space - Building combines sheet metal business space with five upstairs apartments, including recent upgrades to two units.
Where is this flex space located?
The property is located at 257 South West Avenue Kankakee, IL.
What are key features of this property?
This property features: Commercial building with sheet metal business space plus 5 upstairs apartments; Total size approx. 18,000+/- SF, with most recent addition in 1997 adding approx. 4,200 SF; 2 of the 5 apartments were redone with high‑end industrial finishes (1B/1B) featuring SS appliances and in‑unit laundry
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message