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Active - Mixed Use for sale
Kankakee, IL
Facts & features
Why you’ll love it
Fantastic opportunity to own a commercial site on the frontage road off of the high traffic of IL Rt 17. This is yards from north or south entrance to Illinois Route 57. The property includes one large home with 3 units, 2 single-family houses, a 2 car garage and a trailer. If all 7 units are rented it could bring in about $66,600 per year. The north house is gutted and if fixed could bring $1200, the middle house could be rented for $1200. The trailer is rented for $900 per month. The south home is right along the frontage rd off Rt 17 and includes 3 apartments could rent for $700 per unit x 3 units=$2100, and the 2 car garage could bring $150 per month. Total rent could be $2000. The property measures 164.3' x 463.2'. Address for the house with a two car attached garage is 165 S Krause and house with no garage is 185 S Krause. Call today for more information.
Listings courtesy of Berkshire Hathaway HomeServices Speckman Realty as distributed by MLS GRID.
Listed by: Lisa Sanford • Berkshire Hathaway HomeServices Speckman Realty
Co-listed by: Berkshire Hathaway HomeServices Speckman Realty
Source: MRED as distributed by MLS GRID, MLS#: 12684690
Based on info available as of Nov 13, 2026 at 7:32 PM EST.
Come see by yourself
Affordability
$2,005/mo
- Mortgage$1,264
- Property tax$741
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$4,998 Credit back
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Travel times
About Kankakee
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 07:32pm EST. 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.
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