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Property profile & analytics

465 Mulberry St Manteno, IL 60950

  • Commercial real estate
Value Estimation
Last Sale
Aug 18, 2025
$500,000
Location Intelligence
Property ID
US28-0226589
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 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

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

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
$7,038
$6,660
$71,974
$78,634
-
$19,980
$215,922
$235,902
More about this property
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