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Mixed-Use Corner Retail and Rentals

397 W Station Street Kankakee, IL 60901

397 W Station Street, Kankakee, IL, 60901
$199,900
For Sale
$199,900

Main floor includes three separate retail units with private entrances, while two second-floor residential rentals each have outside access.

Property Size5,382 SF
Price / SF$37.14
Days on Market263

Property Features for 397 W Station Street

General Information

Standard status
Active
Size
5,382 SF
Property subtype
Mixed Use

Building Details

Year Built
1900
Listing agency Ultimate Realty Brokerage Svs
Listed by Frank Tripodi · License #471003718
Source Xome
Added: Nov 2, 2025 Updated: Jul 22 at 7:10AM Checked: Jul 22 at 7:10AM

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 Ultimate Realty Brokerage Svs


Investment Insights

Based on property information with market context.

This mixed-use corner building features three separate retail units on the main floor, each with its own entrance, storage, and bathroom. The second floor includes two residential rental units with outside entrances, with each unit having approximately 850 SF, two bedrooms, and one bath.

The property is described as located on a busy street corner, supporting convenient street-level access for the retail spaces.

The building is fully occupied with long-term tenants, combining multiple income streams across retail and residential components.

Key Highlights

  • Main floor offers 3 separate retail units, each with its own entrance, storage, and bathroom
  • Second floor includes 2 residential rental units with outside entrances
  • Each residential rental is approximately 850 SF with 2 bedrooms and 1 bathroom

Property Analytics

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Real Estate Agency Dental Office Bakery Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Garden Center Skin Care Clinic Veterinary Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Main floor includes three separate retail units with private entrances, while two second-floor residential rentals each have outside access.
Where is this mixed-use property located?
The property is located at 397 W Station Street Kankakee, IL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Main floor offers 3 separate retail units, each with its own entrance, storage, and bathroom; Second floor includes 2 residential rental units with outside entrances; Each residential rental is approximately 850 SF with 2 bedrooms and 1 bathroom
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