Property profile

465 Mulberry St Manteno, IL 60950

OFF-MARKET
Commercial real estate
Property ID
US28-0226589
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 03-02-26-201-229
UPID US28-0226589

Cap rate & NOI

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

Location

465 Mulberry St Manteno, IL 60950-9280
Manteno metro Census 10204 KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$500,000
7 recorded transactions
2025
$500,000
2024
Price N/A
2024
Price N/A
2024
Price N/A
2021
$299,000
2018
$271,000
2017
Price N/A

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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