Courtesy: McColly Bennett Real Estate
815-929-9381
FOR SALE - KANKAKEE - 58 UNIT APARTMENT COMPLEX - This seller is offering the Tedmark & Cooper Apartment Complex, a 58-unit, seven building multifamily portfolio in Kankakee, IL at a purchase price of $4,350,000 equal to $75,000 per unit. The property has been operating under IHDA regulations, with extended use requirements, that ended December 2025, creating a rare and immediate market rate conversion opportunity. With rents below market rate, above normal vacancy and turnover constrained by compliance rules, the portfolio is positioned for a new owner to execute a high impact value add strategy and unlock substantial NOI growth. Also, with the IHDA expiration, this would be an opportune time for the buyer to incorporate RUBS (Ratio Utility Billing System) for additional value add income! PROPERTY OVERVIEW 58 Total Units Across Seven Buildings 210 Tedmark Ct. - 12 units 220 Tedmark Ct. - 4 units 230 Tedmark Ct. - 4 units 240 Tedmark Ct. - 8 units 2755 Cooper Dr. - 12 units 2779 Cooper Dr. - 12 units 280 Tedmark Ct. - 6 units - GREAT INVESTMENT OPPORTUNITY - CALL TODAY!
Courtesy: McColly Bennett Real Estate
815-929-9381
KANKAKEE - FOR SALE - 7,200 SF COMMERCIAL BUILDING ON MAIN THOROUGHFARE! If you are looking for your next Commercial Project, this is it! Located in the heart of Downtown Kankakee, this Historic 3 story (plus full basement) Property is perfect to rehab and lease as an income producing property, or for an owner occupied property! With over 20,000 VPD on Court Street/Schuyler Avenue at your doorstep, this property has great visibility! Each floor is roughly 2,400 SF and all 3 levels have at least 10' ceiling height or more! Ample street and City Parking nearby! Note: This property is owned by a Land Bank and must be sold according to certain standards and regulations.
Courtesy: Berkshire Hathaway HomeServices Speckman Realty
815-937-4370
For SALE or RENT in Downtown Kankakee! Solid 3,580 SF building. This property has a generous open production area with an 8x14 overhead door for easy access and a versatile 20x20 office space. Additional features include a convenient storage loft, a floor drain, and a bathroom. There is also plumbing for a sink already in place along the back wall. The building's 15 ft high ceilings enhance its adaptability for various operations, making it suitable for a multitude of business uses. Equipped with two forced air furnace units-one dedicated to the office and another for the warehouse area. Roof and electrical system installed around 2013, along with plumbing improvements. With C-2 zoning, the possibilities for commercial use are extensive. Don't miss out on this excellent opportunity-call today for more information!
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
!!**PART OF A PORTFOLIO. MUST BUY 13 UNIT 924 E WILLOW ST. KANKAKEE**** This fully renovated 12-unit apartment building offers a strong unit mix and modern finishes throughout. The property consists of eight (8) one-bedroom/one-bath units and four (4) two-bedroom/one-bath units. Renovations include contemporary kitchens and bathrooms, updated flooring, updated windows and roof.
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
!!PART OF A PORTFOLIO. MUST BUY **12-UNIT 163 N ROSEWOOD AVE. KANAKEE.** This newly renovated 11-unit multifamily property offers a strong unit mix and modern appeal. The building features ten spacious 2-bedroom units and one oversized 4-bedroom unit, all thoughtfully updated with contemporary finishes throughout. All units have undergone recent renovations, including upgraded kitchens and bathrooms, new flooring, new windows, fresh paint, NEW ROOF, significantly reducing near-term capital expenditure requirements. The renovations position the property to command market rents while minimizing turnover and maintenance costs.
Courtesy: eXp Realty
888-574-9405
IT WAS LAST USED AS A BANQUET BUT CAN BE USE FOR MULTIPLE THINGS AS THE ZONING DOES ALLOW IT! CHECK THIS SPOT OUT LOCATED ONLY MINUTES FROM I57.
Courtesy: eXp Realty
888-574-9405
GREAT INVESTMENT OPPORTUNITY IN KANKAKEE!! THIS UNIQUE MIXED USED PROPERTY IS A GEM! KEY HIGHLIGHTS: (COMMERCIAL & RESIDENTIAL), INCOME GENERATING ASSET, PRIME LOCATION. REACH OUT TO LISTING AGENT FOR MORE INFORMATION
Courtesy: Ultimate Realty Brokerage Svs
815-954-6467
Commercial unit on busy street corner. The main floor of the building has 3 separate retail units; each with it's own entrance, storage, and bathroom. There are 2 residential rentals on the 2nd floor with outside entrances. Each unit has approximately 850 SF, 2 bedrooms, and one bath. Fully occupied with long term tenants.
Courtesy: Berkshire Hathaway HomeServices Speckman Realty
815-937-4370
When it comes to a banks or credit unions, location is everything! And this property is situated in a prime spot, with high traffic and easy accessibility. It's fully equipped with a drive-through, office, teller lines, kitchenette, vault, and lobby area - everything you need to start your financial institution right away. Plus, this versatile building can accommodate a variety of businesses, making it the perfect investment for any entrepreneur looking for a profitable venture. Don't miss out on this opportunity to secure your spot in this highly sought-after location! Agent related to seller.
Courtesy: RE/MAX Prestige Homes
815-937-3629
Don't miss your chance to own this well-located restaurant in the thriving core of Kankakee, Illinois. Just minutes from two major hospitals, the Metra station, and downtown Kankakee, this property offers incredible visibility and steady foot traffic-perfect for a growing food business. Though the restaurant space itself is cozy and manageable, it comes with a huge spacious block garage included on the property! This versatile structure offers tremendous potential to expand the restaurant, create additional dining space, and or establish a catering kitchen. Whether you're an experienced restaurateur looking for a new location or an entrepreneur with a fresh vision, this property provides the perfect mix of location, potential, and affordability. Schedule your private showing today and explore the possibilities this unique property offers! Being sold in AS IS condition.
Courtesy: Village Realty, Inc
708-478-1212
Discover an outstanding opportunity at 990 N Schuyler Ave in Kankakee-a vibrant commercial property built in 1950 and rich with potential. Situated on a 0.17-acre parcel (approximately 100' x 74.5'), this 1,508 sq ft single-story building welcomes your vision in a prime location with strong visibility and zoning that supports a variety of uses. With its current automotive layout, including two drive-in doors and open floor space, the building offers ready functionality and room to customize. From a showroom or service hub to a start-up workspace or retail activation, the blank canvas invites bold thinking. For the savvy investor or entrepreneurial business owner, the modest annual tax burden-around $960-adds to the appeal of this smart purchase. With the autumn season upon us, now is the perfect time to secure your next asset and stake your claim in this thriving corridor. Let's make your move.
Courtesy: McColly Bennett Real Estate
815-929-9381
Excellent industrial opportunity in Kankakee! This 7,200 SF building features a new roof with a 20-year warranty, a 4,000 SF warehouse with a 14'x12' drive-in door, and 1,500 SF of office space on both levels. Dual electrical services include 200 amp, 240V 3-phase and 400 amp, 480V 3-phase power. HVAC systems are in great condition. Ideal for light manufacturing, storage, or service business use. Zoned Industrial and conveniently located near I-57 and major thoroughfares.
Courtesy: McColly Bennett Real Estate
815-929-9381
Prime opportunity in the heart of downtown Kankakee! This historic property, built circa 1905, offers character, visibility, and endless potential. Featuring 4000 SF of space, the building combines original charm with solid construction. Its central location provides excellent accessibility with nearby parking, close proximity to to restaurants, shops, and easy access to I 57. Whether you're seeking a site for retail, office, or redevelopment, this property is ready for your vision!
Courtesy: Coldwell Banker Realty
708-460-4900
Industrial Property with Turnkey Truck Terminal Setup or Industrial Outdoor Storage in Kankakee, IL. Exceptional opportunity to acquire this 8-acre site conveniently located less than one mile from the I-80 and Court Street exit. This location is less than 30 minutes from Chicago's South suburbs making this a perfect auxiliary site for a logistics/transportation, industrial contractor or storage operations. Zoned I-1 Industrial with the City of Kankakee. The site includes Two repair facilities: Main facility, 16,0000 sq ft, is integrated office space, mechanical repair area (south end) with 5,000 lbs. ceiling crane, and body repair area (north end) featuring a semi-truck paint booth. Secondary facility, 4,000 sq ft, on the southwest corner dedicated to trailer repair. The small office building, 1,000 sq ft, is used for driver check-in, meetings, and administrative offices. The site fully fenced and gated for enhanced security. Newly installed 12,000-gallon diesel fuel tank (2024) fueling efficiency. This property is ready for immediate use and offers a rare combination of infrastructure, location, and zoning flexibility. Motivated Seller!! DO NOT enter the property without the listing agent present and DO NOT contact any of the employees of the business.
Courtesy: Ultimate Realty Brokerage Svs
815-954-6467
Fully occupied 5-unit building with off street parking. Each unit has 1 bedroom, 1 bath and separate utilities. 4 units have gas heat and 3 units have central ac, the 5th unit has electric heat and window ac unit. Very productive unit and seller is motivated, will entertain all offers.
Courtesy: McColly Bennett Real Estate
815-929-9381
KANKAKEE - 9 UNIT ROOMING HOUSE - The downstairs consists of 4 single rooms and a community kitchen, 1 common bathroom, and a common Laundry Room. The upstairs has 5 single rooms and 1 common bathroom. The property does carry a rental license and management is available if needed. Great income producing property!! Call today!
Courtesy: McColly Bennett Real Estate
815-929-9381
FOR SALE OR LEASE - DOWNTOWN KANKAKEE - 14,640 SF OFFICE BUILDING - Centrally located near the Courthouse, banks, shopping/Farmers Market! Steel frame, block and brick building in good condition. Consists of over 13,000 SF of office space and a large storage area with 24' ceiling height. Fully Sprinklered Building! Over 20 offices, multiple conference rooms and restrooms. Great location, Call today!
Courtesy: McColly Bennett Real Estate
815-929-9381
DOWNTOWN KANKAKEE - FOR SALE - 43,000 SQUARE FOOT OFFICE BUILDING - Centrally located, just 1 block from the Courthouse, several banks, shopping/Farmers Market and so much more. The all brick/limestone/block building is in good condition. Between the two floors, there is over 26,000 square feet of office space, with additional conference rooms, several restrooms and a large production/industrial area. Priced at recent appraised value, call today!
Courtesy: McColly Bennett Real Estate
815-929-9381
FOR SALE - KANKAKEE - 6 UNIT MIXED USE INCOME PRODUCING PROPERTY - 2 commercial units on the first floor and 4 apartments on 2nd floor. Ample parking in side and back of building. Apartments have private interior entry. Almost 10,000 Vehicles per day at your doorstep! Zoned C- 2 -Commercial. Fully occupied, listed at a 12 cap rate! Great investment property, call today!
Kankakee is located in Illinois. Kankakee, Illinois has a population of 24,903. Kankakee is less family-centric than the surrounding county with 22.15% of the households containing married families with children. The county average for households married with children is 27.32%.
The median household income in Kankakee, Illinois is $38,869. The median household income for the surrounding county is $61,664 compared to the national median of $69,021. The median age of people living in Kankakee is 35.9 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 38.5 inches per year, with 23.8 inches of snow per year.
