Date
Details
Price
Change
Source
10/07/2026
Listed
$380,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
KANKAKEE - FOR SALE - Investment Opportunity - Fully leased Restaurant. This stable tenant has been operating at this location for over a decade and have 4 years left on their lease! Property offered at a 10 cap return. This well-maintained, two-story property offers an impressive combination of dining, bar, entertainment, and event space with above-average finishes throughout. The main level features a full commercial kitchen (with fire suppression system), spacious dining area, full bar, and two large restrooms. The second floor provides additional dining and private-event/party space, a second bar, two restrooms, and convenient storage-offering excellent flexibility for banquets, private parties, or expanded restaurant operations. A full basement provides substantial storage and mechanical space along with a large walk-in cooler and dedicated wine-cellar area. Additional features include a fenced brick-paver patio offering outdoor dining potential. Located downtown on Schuyler Ave., great location! Great investment, call today!
Full Property Details
Full Property Details for 164 N Schuyler Ave
General
- Price: $380,000
- Taxes: $4,345 (2025)
- Status: Active
- Type: Commercial Service
- Source: MRED
- MLS ID: 12749692
- Updated: 10/7/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Accessible Entrance, Accessible Washroom/s, Public Restroom(s), Basement
- Flooring: Carpet, Tile, Wood
Additional Information
- Security/Safety: Other
Location
- Area: Kankakee
- County: Kankakee
- Township: Kankakee
- Driving Directions: I-57 S to exit 312 for IL-17 toward Kankakee/Momence, follow IL-17 W/E Court St to N Schuyler Ave to your destination.
- Location Details: Central Business District, Public Transport Avail, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected
Structural Information
- Construction: Brick, Wood
- Exterior Const.: Brick, Wood
- Foundation: Stone
- Roof: Membrane
- Ceiling Height: 12
- Sub-Flooring: Carpet, Tile, Wood
- Stories/Levels: 2
- Square Feet: 7,250
- Current Bldg. Use: Commercial
- Year Built: 1912
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,664
- Lot Dimensions: 25 x 145
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $3,987
- Operating Expenses: $9,806
- Security Deposit: Other
- Assessment Year: 1912
- Tax Amount: $4,345
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Electricity, Heat, Insurance
Disclosures and Reports
- Documents Avail.: Appraisal, Leases, Legal-Description, Tax Bill, Traffic Counts, Flood Map, Tenant Lease(s)
- Property ID: 160932425004
Listed by McColly Bennett Real Estate
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— 164 N Schuyler Ave —
McColly Bennett Real Estate
NMLS#: 1598647
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Schools
Schools serving 164 N Schuyler Ave
School District:Kankakee School District 111
| Name | Grades | Distance |
|---|---|---|
Taft Primary School 1155 West Hawkins Street, Kankakee, IL 60901 | K-3 | 1.3 mi |
John Kennedy Middle Grade School 1550 West Calista Street, Kankakee, IL 60901 | 3-6 | 1.3 mi |
Kankakee Junior High School 2250 East Crestwood Street, Kankakee, IL 60901 | 7-8 | 1.7 mi |
Kankakee High School 1200 West Jeffery Street, Kankakee, IL 60901 | 9-12 | 1.6 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 164 N Schuyler Ave
Tax History
Tax History for 164 N Schuyler Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,345
-5%
$33,229
—
2024
$4,593
-7%
$33,229
—
2023
$4,913
5%
$33,229
10%
2022
$4,696
-2%
$30,208
—
2021
$4,810
-2%
$30,208
—
2020
$4,925
-1%
$30,208
—
2019
$4,997
-3%
$30,208
—
2018
$5,157
-14%
$30,208
—
2017
$5,995
4%
$30,208
—
2016
$5,757
5%
$30,208
—
2015
$5,482
—
$30,208
—
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 164 N Schuyler Ave
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- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 1Total Bath
- 1,348Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,365Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,050Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,586Sq. Ft.
Listed by Sandy Workman (815) 530-7679
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,405Sq. Ft.
Listed by Allison Ascher (815) 298-4097
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,700Sq. Ft.
Listed by Michelle Arseneau Group (815) 954-4063
- Single Family
- Active
- Updated 22 hours ago
- 3Beds
- 2Total Baths
- 1,256Sq. Ft.
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164 N Schuyler Avenue, Kankakee, IL 60901 (MLS# 12749692) is a Commercial Service property. 164 N Schuyler Avenue is currently listed for $380,000 and was received on October 07, 2026. Want to learn more about 164 N Schuyler Avenue? Do you have questions about finding other Commercial Service real estate for sale in Kankakee? You can browse all Kankakee real estate or contact a Coldwell Banker agent to request more information.