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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    145 Indiana Ave, Kankakee, IL 60901

    0.17 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-3575440
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gallagher Building LLC · 1 yrs held
    Gallagher Building LLC
    since 2025
    Last sale
    $325,000
    2 recorded transactions
    2025
    2025
    $325,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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