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    Kankakee, IL Mixed-use Properties for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    Mixed-Use Property in Kankakee, IL
    $560,000
    0.30 Acres
    Mixed-Use Property in Kankakee, IL

    242 W Jeffery Street, Kankakee, IL 60901

    Mixed-use property in prime location, great investment opportunity.
    • Income‑generating asset
    • Mixed‑use property (commercial & residential)
    • Prime location
    • Great investment opportunity
    • Enjoy central air
    Updated: Jan 3
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    Mixed-Use Income Property For Sale
    $249,900
    5,200 SF
    Mixed-Use Income Property For Sale

    793 N 5th Avenue, Kankakee, IL 60901

    Mixed-use property with commercial and residential units, ample parking.
    • 12% Cap Rate: Enjoy a high return on investment, showcasing strong profitability.
    • Mixed‑Use Property: Benefit from diversified income streams with commercial and residential units.
    • Fully Occupied: Immediate income generation, eliminating vacancy concerns.
    • High Traffic Location: Excellent visibility for commercial tenants with approximately 10,000 vehicles per day.
    • Ample Parking: Sufficient parking space available for both tenants and customers.
    Updated: Jun 11, 2024
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Collins Street Corner Assemblage Opportunity
    $1,174,000
    0.85 Acres
    Collins Street Corner Assemblage Opportunity

    Prime 0.85-acre corner assemblage for redevelopment or investment.

    1122 Collins St, Joliet, IL 60432

    View details
    Railside Business Park Commercial Space
    $497,500
    2,500 SF
    Railside Business Park Commercial Space

    2,500 sq ft commercial space in growing community.

    13861 Alexander Street D, Cedar Lake, IN 46303

    View details
    Railside Business Park Commercial Space
    $399,900
    2,500 SF
    Railside Business Park Commercial Space

    Commercial space for purchase or lease in growing community.

    13861 Alexander Street C, Cedar Lake, IN 46303

    View details
    Former YMCA on 26.55 Acres
    $2,900,000
    29,635 SF
    Former YMCA on 26.55 Acres

    Former YMCA building on a large parcel for sale.

    1350 S Briggs St, Joliet, IL 60433

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Frankfort Land for Mixed-Use Development
    Contact for pricing
    11.00 Acres
    Frankfort Land for Mixed-Use Development

    Approximately 11 acres of land for mixed-use development.

    795 Center Road, Frankfort, IL 60423

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    Cedar Lake B1-Zoned Lot
    $279,000
    0.88 Acres
    Cedar Lake B1-Zoned Lot

    Versatile 0.88-acre lot in high-traffic Cedar Lake location.

    13405 Morse Street, Cedar Lake, IN 46303

    View details
    Flossmoor Commercial Development Opportunity
    $399,900
    2.53 Acres
    Flossmoor Commercial Development Opportunity

    2.53-acre commercial land parcel in Flossmoor, Illinois.

    19611 Crawford Avenue, Flossmoor, IL 60422

    View details
    Land in Homewood, Illinois
    $690,000
    2.00 Acres
    Land in Homewood, Illinois

    Two acre commercial land parcel in Homewood, Illinois.

    19020 Kedzie Avenue, Homewood, IL 60430

    View details

    Kankakee, IL Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 2 mixed-use properties for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 5,200 square feet of properties for sale, with an estimated market value of $249,900.

    Sale prices for multi use buildings in Kankakee, IL start at $249,900, averaging $249,900, and reaching up to $249,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 33K
    Population Growth (5Y) -6.4%
    Median Household Income $54,557
    College Educated 22.6%

    High-Yield Neighborhoods for Investment

    Identify Kankakee submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60901 $405K

    Taxes & Financing

    Tax Rate (average for all types) 11.80%
    Tax Rate vs County Average 2.50 pp above county avg
    Average Loan-to-Value 65.0%

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