145 Indiana Ave Kankakee, IL 60901
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 145 Indiana Ave
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- 16-09-32-433-016
- APU
- 160932433016
Description
This exceptional commercial property at 145-151 S Indiana Avenue in Kankakee, Illinois, presents a unique investment opportunity. The property comprises a two-story office building and an adjacent single-story warehouse, offering a combined total of 35,575 square feet of versatile space. The office building boasts 14,050 square feet, with 7,025 square feet on each of its two floors. A significant advantage is the inclusion of a 7,000 square foot basement, accessible via a convenient ramp, ideal for indoor parking or additional storage. The adjacent warehouse adds another 14,500 square feet of space, featuring a practical overhead drive-in door for easy loading and unloading. This centrally located property enjoys high visibility and accessibility, situated directly across from the Kankakee County Courthouse. Its prime downtown location places it within easy walking distance of several banks, various shopping options, and the vibrant Farmers Market. The asking price of $275,000 makes this a compelling proposition for investors seeking a substantial and well-positioned commercial property in a thriving downtown area. The combination of office and warehouse space caters to a wide range of potential uses and tenants. This is a rare opportunity to acquire a significant commercial property in a desirable location at an attractive price.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $280,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $265,000
- Mixed-Use
- $225,000
- Hospitality
- $260,000
- Educational
- $315,000
- Residential Income
- $245,000
- Energy
- $250,000
- Income-Based Land
- $295,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Kankakee
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8616
- Latitude
- 41.1194
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA