Property profile

145 Indiana Ave Kankakee, IL 60901

OFF-MARKET
Commercial real estate
Property ID
US28-3575440
0.17 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.17 ac (7,250 SF)
APN 16-09-32-433-016
UPID US28-3575440

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

145 Indiana Ave Kankakee, IL 60901
Kankakee metro Census 12300 KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
Last sale
$325,000
2 recorded transactions
2025
Price N/A
2025
$325,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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