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$650,000 Just Listed
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Property Description
This mixed-use property offers significant income potential with 5 apartments, approximately 3,000 SF of office space, and 5,449 SF of light warehouse. The building features 1 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, with gas forced air heating in the office, warehouse, and apartments 1 & 2, and electric baseboard heating in the remaining units. Central air serves the office, warehouse, and apartments 1 & 2, while window units provide cooling for all apartments. The roof is 8-9 years old, and the property presents a tremendous opportunity for investors seeking a versatile income-producing asset with both commercial and residential components. The offices are turnkey, complete with 5 high-quality workstations including desks, chairs, phones, headsets, monitors, keyboards, computers, and a server, with room for additional workstations. Built in 1920, the right two-thirds of the building were fully renovated 17 years ago-down to the studs, including all new electric, plumbing, and HVAC-while the five apartments were updated individually as tenants moved out, ensuring modern, move-in ready living spaces.
Full Property Details
Full Property Details for 127 W Taylor St
General
- Price: $650,000
- Taxes: $8,266 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12604944
- Updated: 4/1/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Grant Park
- County: Kankakee
- Driving Directions: From Route 1, head west of E/W Taylor St. into downtown Grant Park. Property is on south side of Taylor St. between Main and Meadow.
- Location Details: South Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Electric, Forced Air, Gas
Utilities
- Trash: 2400
Structural Information
- Stories/Levels: 2
- Square Feet: 16,897
- Year Built: 1920
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,609
- Lot Dimensions: 82.5 x 86
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $6,000
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1920
- Tax Amount: $8,266
- Tax Year: 2024
- Pays Electric: 4000
- Pays Trash: 2400
Disclosures and Reports
- Property ID: 1041941300400
Listed by McColly Bennett Real Estate
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Schools
Schools serving 127 W Taylor St
School District:Grant Park Community Unit School District 6
| Name | Grades | Distance |
|---|---|---|
Grant Park Elementary School PO Box 549, Grant Park, IL 60940 | PK-8 | 0.2 mi |
Grant Park High School PO Box 549, Grant Park, IL 60940 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 127 W Taylor St
Date
Details
Price
Change
Source
3/30/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 127 W Taylor St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,266
6%
$95,305
2%
2023
$7,791
-3%
$93,100
—
2022
$8,009
—
$93,100
—
2021
$8,008
-2%
$93,100
—
2020
$8,200
—
$93,100
—
2019
$8,229
-10%
$93,100
—
2018
$9,101
-2%
$93,100
—
2017
$9,260
-1%
$93,100
—
2016
$9,325
-3%
$93,100
—
2015
$9,596
—
$93,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 127 W Taylor St
127 W Taylor Street, Grant Park, IL 60940 (MLS# 12604944) is a Commercial property. 127 W Taylor Street is currently listed for $650,000 and was received on March 30, 2026. Want to learn more about 127 W Taylor Street? Do you have questions about finding other Commercial real estate for sale in Grant Park? You can browse all Grant Park real estate or contact a Coldwell Banker agent to request more information.

