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Property profile & analytics

145 Indiana Ave Kankakee, IL 60901

  • Commercial real estate
  • 0.17 lot acres
Value Estimation
Last Sale
May 30, 2025
$325,000
Location Intelligence
Property ID
US28-3575440
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$296
$1,500
$500
$2,000
-
$4,500
$1,500
$6,000
More about this property
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