397 W Station St

$199,900
Price
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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.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.
  1. Listed by Frank Tripodi • Ultimate Realty Brokerage Svs
    P: (815)-954-6467 C: (815)-954-6467 ft4homes@yahoo.com

Property Details for 397 West Station Street

Area
Kankakee
Township
Kankakee
Air Conditioning Type
Central Air, Window Unit(s)
Zoning
COMMR
LISTING UPDATED: 12/13/2025 12:07 AM

Property Details for 397 West Station Street

StatusActive
MLS #12529223
Days on Market36
Taxes$2,660 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.09 AC / 4,006 SF
CountyKankakee County

Location

Listing Courtesy of Ultimate Realty Brokerage Svs
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Building Information for 397 West Station Street

Stories2Residences5Year Built1900Lot Size0.09 AC / 4,006 SF

Payment Calculator

$1,196 per month

30 year fixed, 6.15% Interest

Principal and Interest

$974

Property Taxes

$222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 397 West Station Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Out of Area
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters, Power - 240V
  • Grid: 540
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 80X50
  • Lot Size Square Feet: 4006.0
  • Stories: 2
  • Fire Protection: Alarm Monitored
  • Building Area Total: 5382
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $28,860.00
  • Gross Scheduled Income: $28,860.00
  • Insurance Expense: $.00
  • Total Monthly Income: 2405
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 397 West Station Street

DateEvent & SourcePriceAppreciation
Dec 7, 2025

Listed (Active)

MRED #12529223

$199,900
Jun 29, 2023

Expired

MRED #11458825

$199,000
Jul 8, 2022

Listed (Active)

MRED #11458825

$199,000
Feb 1, 2021

Expired

MRED #10470984

$149,900
Aug 1, 2019

Listed (Active)

MRED #10470984

$109,000
Jul 30, 2019

Expired

MRED #10445423

$109,000
Jul 10, 2019

Listed (Active)

MRED #10445423

$109,000
Jul 1, 2019

Cancelled

MRED #09936145

$109,000
May 1, 2018

Listed (Active)

MRED #09936145

$109,000
Oct 30, 2017

Sold

MRED #08383755

$45,000
Oct 27, 2017

Sold (Public Record)

Public Record #1274284470

$45,000
Oct 2, 2017

Pending

MRED #08383755

Jul 18, 2017

Listed (Active)

MRED #08383755

$134,900
DateEvent & SourcePrice
12/07/2025

Listed (Active)

MRED #12529223

$199,900
06/29/2023

Expired

MRED #11458825

$199,000
07/08/2022

Listed (Active)

MRED #11458825

$199,000
02/01/2021

Expired

MRED #10470984

$149,900
08/01/2019

Listed (Active)

MRED #10470984

$109,000
07/30/2019

Expired

MRED #10445423

$109,000
07/10/2019

Listed (Active)

MRED #10445423

$109,000
07/01/2019

Cancelled

MRED #09936145

$109,000
05/01/2018

Listed (Active)

MRED #09936145

$109,000
10/30/2017

Sold

MRED #08383755

$45,000
10/27/2017

Sold (Public Record)

Public Record #1274284470

$45,000
10/02/2017

Pending

MRED #08383755

07/18/2017

Listed (Active)

MRED #08383755

$134,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 397 West Station Street

Taxable ValueLand$3,049Additions$19,451Total$22,500
Tax Record2024$2,660 ($222 / month)
Home Facts
Lot Size4,000 SqFtStyleMiscellaneous CommercialCountyKANKAKEEAPN16-09-32-335-015

Schools near 397 West Station Street

This home is within Kankakee School District 111.
Rating
School
Type
Grades
Distance
Public - 2 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
John Kennedy Middle Grade School
Public2 to 6

Kankakee Junior High School
Public7 to 8

Kankakee High School
Public9 to 12

Avis Huff Student Support Service
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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397 West Station Street is a mixed use property for sale in Kankakee, IL 60901. This property was listed for sale on December 7, 2025 by Ultimate Realty Brokerage Svs, it's currently listed at $199,900. It has been on the market for a total of 36 days and was last sold on October 30, 2017. This listing's school district is Kankakee School District 111. Nearby schools include John Kennedy Middle Grade School, Kankakee Junior High School and Kankakee High School. 397 West Station Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ultimate Realty Brokerage Svs

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/13/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.