2155-239 Schuyler Ave Kankakee, IL 60901
- Retail properties
- 12,800 SF
Current Use by Public Records
- Retail properties
Property Details for 2155-239 Schuyler Ave
- Year built
- 1978
- Property size
- 12,800 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 12,800-square-foot executive office building situated on a 15,300-square-foot lot at 2155-239 S Schuyler Ave, Kankakee, IL 60901. The single-story, masonry structure, built in 1978, boasts a desirable C-2 Commercial zoning designation. Currently configured as multi-tenant, the property offers significant potential for increased revenue. The asking price is $535,000, representing a compelling price per square foot of $41.80. With a projected net operating income (NOI) of $69,000, this property offers a strong 13% capitalization rate, making it an attractive addition to any investment portfolio. Located in the heart of downtown Kankakee, this high-traffic area is surrounded by numerous businesses and offices, ensuring excellent visibility and accessibility. The property's size and location provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-positioned commercial property in a thriving Illinois market. The property is ready for immediate occupancy and offers a unique opportunity for investors seeking a high-yield investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kankakee
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8685
- Latitude
- 41.0901
