347 Court St Kankakee, IL 60901
- Commercial real estate
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 347 Court St
- Lot size
- 0.09 lot acres
- Property type
- Commercial real estate
- APN
- 16-09-32-323-018
- APU
- 160932323018
Description
This exceptional investment opportunity presents a unique mixed-use property located at 347 W Court Street in Kankakee, Illinois, priced at $325,000. The property comprises three parcels sold together, offering significant potential for both established and new businesses. The existing structure includes two apartments, providing immediate rental income, and two street-level storefronts ideal for retail or service businesses. A substantial warehouse space is also included, offering versatile storage or production capabilities. Adding to the property's value is an additional lot, currently undeveloped, which is intended to be converted into expanded customer parking. This strategic addition will enhance the property's functionality and appeal. The property boasts a highly desirable location directly across from a local hospital, ensuring high visibility and consistent foot traffic. This prime location offers unparalleled access to a large customer base and presents a rare chance to acquire a multi-faceted property with substantial growth potential. The combined parcels offer a unique opportunity to consolidate operations, expand existing businesses, or establish a new venture in a thriving area. All three parcels are being sold as a single unit
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kankakee
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8695
- Latitude
- 41.1212
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
