465 Mulberry St Manteno, IL 60950
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 465 Mulberry St
- Property type
- Commercial real estate
- APN
- 03-02-26-201-229
- APU
- 30226201229
Description
This exceptional Manteno property offers a unique blend of commercial and residential space, ideal for owner-occupancy or investment. The 6,144 square foot building sits on a generous 1.15-acre lot and features two separate commercial units. One unit, measuring 2,000 square feet, is currently leased until May 2024. This unit boasts two overhead doors, providing ample access for various uses, and includes a private restroom with a shower. The second commercial unit, spanning 1,800 square feet, is leased until May 2025 and features an office, a private restroom, and one overhead door. The residential component of the property is approximately 1,500 square feet, complemented by a large garage with an overhead door and mezzanine storage. This residential area includes two bedrooms and two and a half bathrooms and could easily be converted into additional office space. A separate 225-square-foot heated and air-conditioned outbuilding provides extra space, potentially suitable for an office or additional bedroom. The property benefits from 230 Amp single-phase electric service and internet access. The commercial spaces are clean and well-maintained, conveniently located with easy access to major roads and highways. The large grassy yard offers potential for expansion of parking. Village water and sewer services are available. This property presents a rare opportunity to combine living and working in one location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $255,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $335,000
- Mixed-Use
- $250,000
- Hospitality
- $330,000
- Educational
- $280,000
- Residential Income
- $250,000
- Energy
- $320,000
- Income-Based Land
- $330,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Manteno
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8123
- Latitude
- 41.2309
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA