254 East 2500th Road South

Kankakee, IL 60901

$1,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover the perfect blend of commercial and residential potential with this expansive 10-acre property, strategically located just two minutes from I-57, offering easy access to shopping such as Wal-Mart and Aldi, dining, and The Hilton Garden Inn. This unique listing boasts a mix of C-3 zoning within the city for 6 tillable acres and adjacent 4 acres zoned residential in Kankakee County, presenting a versatile opportunity for various development projects or an entrepreneurial venture. For those...Discover the perfect blend of commercial and residential potential with this expansive 10-acre property, strategically located just two minutes from I-57, offering easy access to shopping such as Wal-Mart and Aldi, dining, and The Hilton Garden Inn. This unique listing boasts a mix of C-3 zoning within the city for 6 tillable acres and adjacent 4 acres zoned residential in Kankakee County, presenting a versatile opportunity for various development projects or an entrepreneurial venture. For those with a vision for business, the property includes a substantial 12,000 sf, 60 x 200 metal building with concrete floor and electric, a 55 x 150 Quonset hut, and a vintage corn crib, offering ample space for operations or storage. While the property hints at a lucrative opportunity for a wholesale firewood business, including an 80,000 lbs base for shipping transport loads and long-term accounts with great potential for growth, please note that the business and heavy equipment are not included in the price. Or perhaps wedding/banquet venue.. so many possibilities. Other local businesses to include Shoup Manufacturing, Loves Truck Stop and many more. The property features two well-maintained homes. The main residence is a testament to comfortable living with a newer kitchen, stainless steel appliances, a large island perfect for entertaining, and a dining area that opens to a spacious great room. This room is highlighted by a wood-burning fireplace and cathedral ceilings, creating an inviting atmosphere. The primary suite, located on the main floor, offers privacy and convenience, complete with 3 full baths, one featuring heated floors, ensuring a luxurious living experience. A perfect deck off the kitchen allows for serene morning coffees or summer grilling. The second home, with a separate PIN (16-17-17-300-02), includes 2 bedrooms, 1 full bath, an eat-in kitchen, living room, and a large laundry/mud room with a half bath, encapsulating comfort and functionality. Situated near biking and walking paths along the Kankakee River, Kankakee Community College, Splash Valley Aquatic Center, and Ice Valley Centre Ice Arena, this property does not just offer a place to live and work but a lifestyle enriched with convenience and recreational opportunities. This listing represents a rare chance for entrepreneurs, developers, or those dreaming of a blend of commercial and residential life, to create something truly special in a prime location.
  1. Listed by Kelly Winterroth • McColly Bennett Real Estate

Property Details for 254 East 2500th Road South

Area
Kankakee
Township
Kankakee
Num of Interior Fireplaces
1
Zoning
COMMR

Location

Listing Courtesy of McColly Bennett Real Estate
LISTING UPDATED: 03/20/2024 12:06 AM

Property Details for 254 East 2500th Road South

StatusActive
MLS #12002941
Days on Market73
Taxes$7,405 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1920
Lot Size10.00 AC / 435,600 SF
CountyKankakee

Location

Listing Courtesy of McColly Bennett Real Estate

Building Information for 254 East 2500th Road South

Stories-Residences7Year Built1920Lot Size10.00 AC / 435,600 SF

Payment Calculator

$6,893 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$617

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 254 East 2500th Road South

General Information
Addtl Parking Information
  • Indoor Parking: 19-30 Spaces
  • Outdoor Parking: Over 100 Spaces
Location and General Information
  • Geographic Locale: South Suburban
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
  • Flooring: Carpet, Tile, Wood
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 1
  • # Of Refrigerators: 2
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Patio,Sun Deck
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Septic-Private, Well Private
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Taxes, Insurance
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 10 +/- ACRES
  • Lot Size Square Feet: 435600.0
  • Stories: 2
  • Exterior Building Type: Steel Siding
  • Construction: Wood Frame
  • Roof Type: Composition, Metal
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Gable,Truss
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 11880
  • # Of Offices: 1
  • # Of Ranges: 2
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Docks: None
  • Public Document Count: 1
  • Document Date: 2024-03-15T14:10:48
  • Green Supporting Documents: N
  • Photos Count: 50
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,076.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $1,800.00
  • Electric Expense Source: Broker Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 0
  • Water Expense Source: Actual
  • Other Expense: $1,200.00
  • Trash Expense: $600.00
  • Water Sewer Expense: $.00

Property History for 254 East 2500th Road South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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254 East 2500th Road South is a mixed use property for sale in Kankakee, IL 60901. This property was listed for sale on March 13, 2024 by McColly Bennett Real Estate, it's currently listed at $1,150,000. 254 East 2500th Road South is a 0-bed, 0-bath, mixed use property built in 1920.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McColly Bennett Real Estate

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.