310 Merchant St Kankakee, IL 60901
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 310 Merchant St
- Year built
- 1880
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents three buildings comprising a total of ten rental units in the heart of Kankakee, Illinois. The property boasts eight one-bedroom, one-bathroom units, one two-bedroom, one-bathroom unit, and a single efficiency unit. All units are currently in good condition and command strong rental rates, ensuring a consistent income stream. The current rental license is up-to-date, simplifying the transition for a new owner. Strategically located near Kankakee's downtown area, the Farmers Market, and the city's financial district, this property benefits from high visibility and convenient access to essential amenities. Its prime location ensures consistent tenant demand and strong rental income potential. The property is offered as a whole, but individual building purchases may be possible
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kankakee
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.86948
- Latitude
- 41.11942