2705 Schuyler AveKankakee, IL 60901

  • Commercial real estate
  • 9.40 AC
For Sale
$250,000 View listing

Property Details for 2705 Schuyler Ave

Lot size
9.40 AC
Property type
Commercial real estate
APN
16-17-18-400-028
APU
161718400028

Description

This exceptional 4.05-acre commercial land parcel presents a unique investment opportunity in Kankakee, Illinois. Priced at $250,000, this property boasts a highly desirable location at 2705 S Schuyler Ave, conveniently situated off Route 52, a major thoroughfare with a daily traffic volume of 12,400 vehicles. The lot's strategic placement offers excellent visibility and accessibility. Its proximity to established businesses adds significant value. Neighboring retailers include Aldi, Walmart, Hilton Garden Inn, Taco Bell, and Speedway, creating a strong retail environment and attracting substantial foot traffic. The property's parcel number is 16-17-18-400-028. This prime location, coupled with the substantial lot size, makes this an ideal site for a variety of commercial developments. The property is zoned for commercial use (verification of zoning with local authorities is recommended). This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving area of Kankakee County. Don't miss out on this chance to capitalize on this excellent investment potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $150,620,000
    Hospitality
    $137,967,120
    Educational
    $114,787,024
    Medical
    $118,734,720
    Retail
    $178,557,584

Location Insight

City
Kankakee
County
Kankakee
State
Illinois
Latitude
41.0827
Longitude
-87.8702
CBSA code
28100
CBSA name
KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$65,638
$313,333
$200,000
$513,333
-
$939,999
$600,000
$1,539,999

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