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254 E 2500 S Road, Kankakee, IL 60901
$1,150,000
254 E 2500 S Road, Kankakee, IL 60901View this property at 254 E 2500 S Road, Kankakee, IL 60901
254 E 2500 S RoadKankakeeIL60901
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Property 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 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.
Full Property Details
Full Property Details for 254 E 2500 S Rd
General
- Price: $1,150,000
- Taxes: $7,404 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12002941
- Updated: 3/20/2024
- Added to Site: 45 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: Carpet, Tile, Wood
Additional Information
- Security/Safety: Smoke or Fire Protectors
Parking
- Parking Features: Over 100 Spaces
Location
- Area: Kankakee
- County: Kankakee
- Township: Kankakee
- Driving Directions: I 57 to Exit 308. North onto US45/US52, At Tholen's Landscaping turn Right onto E 2500S RD, 1/2 mile East on Righthand side
- Location Details: South Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Trash: 600
- Onsite: Electricity to Site, Gas to Site, Private Septic System, Well Private
Structural Information
- Construction: Wood Frame
- Exterior Const.: Steel Siding
- Foundation: Concrete Perimeter
- Roof: Composition, Metal
- Sub-Flooring: Carpet, Tile, Wood
- Stories/Levels: 2
- Square Feet: 11,880
- # of Stores: 1
- Year Built: 1920
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 435,600
- Lot Dimensions: 10 +/- ACRES
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $1,800
- Other Fee: $1,200
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1920
- Tax Amount: $7,404.74
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Taxes, Insurance
- Pays Electric: 2076
- Pays Trash: 600
Disclosures and Reports
- Property ID: 16171730404400
Listed by McColly Bennett Real Estate
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Schools
Schools serving 254 E 2500 S Rd
School District:Kankakee School District 111
Rating | Name | Grades | Distance |
---|---|---|---|
1155 W Hawkins St, Kankakee, IL 60901 | K-3 | 2.2 mi | |
1550 W Calista St, Kankakee, IL 60901 | 3-6 | 2.4 mi | |
2250 E Crestwood St, Kankakee, IL 60901 | 7-8 | 2.7 mi | |
1200 W Jeffery St, Kankakee, IL 60901 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 254 E 2500 S Rd
Date
Details
Price
Change
Source
3/13/2024
Listed
$1,150,000
—
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 254 E 2500 S Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,261
—
$64,901
12%
2022
$4,261
-4%
$57,812
9%
2021
$4,433
6%
$53,079
9%
2020
$4,186
4%
$48,521
6%
2019
$4,009
5%
$45,689
7%
2018
$3,821
2%
$42,893
2%
2017
$3,744
5%
$42,112
3%
2016
$3,568
2%
$40,767
-2%
2015
$3,510
—
$41,419
—
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 254 E 2500 S Rd
254 E 2500 S Road, Kankakee, IL 60901 (MLS# 12002941) is a Commercial property. 254 E 2500 S Road is currently listed for $1,150,000 and was received on March 13, 2024. Want to learn more about 254 E 2500 S Road? Do you have questions about finding other Commercial real estate for sale in Kankakee? You can browse all Kankakee real estate or contact a Coldwell Banker agent to request more information.