Property profile

0 Eastgate And Ct St Kankakee, IL 60901

OFF-MARKET
Land
12.32 ac lot
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Property summary

AI-generated overview

This exceptional 12.32-acre agricultural property in Kankakee, Illinois, presents a compelling investment opportunity. Located at the intersection of Eastgate and Court Streets, zip code 60901, this land boasts significant frontage along I-57 and Eastgate Parkway, offering unparalleled accessibility and visibility. Its strategic location makes it ideal for a variety of commercial ventures, including trucking, light manufacturing, and other businesses seeking high-traffic exposure. The property's zoning and potential uses should be independently verified. The asking price for this expansive parcel is $645,000. Given its proximity to the Interstate and the potential synergy with nearby developments, this site offers substantial growth potential. The property's agricultural classification provides flexibility for future development, subject to local ordinances and approvals. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the property's capabilities and limitations. This is a rare opportunity to acquire a large, strategically located parcel of land in a growing area of Kankakee County. Interested parties are encouraged to conduct their due diligence to confirm suitability for their intended use. The coordinates for the property are latitude 41.124255080480935 and longitude -87.83574360076744.

Property profile

Verified
Property type Land
Lot 12.32 ac (536,659 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Eastgate And Ct St Kankakee, IL 60901
Kankakee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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