Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning