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$199,900

  • For Sale
  • Active
  • Commercial
  • 5,382 Sq. Ft.
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Commercial unit on busy street corner. The main floor of the building has 3 separate retail units; each with it's own entrance, storage, and bathroom. There are 2 residential rentals on the 2nd floor with outside entrances. Each unit has approximately 850 SF, 2 bedrooms, and one bath. Fully occupied with long term tenants.

Full Property Details for 397 W Station St

General

  • Price: $199,900
  • Taxes: $2,660 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12529223
  • Updated: 12/13/2025
  • Added to Site: 41 day(s) ago

Additional Information

  • Security/Safety: Alarm Monitored

Location

  • Area: Kankakee
  • County: Kankakee
  • Township: Kankakee
  • Driving Directions: Corner of W Station St and S 4th St.
  • Location Details: Out of Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Window Unit(s)
  • Heating Type: Gas

Structural Information

  • Stories/Levels: 2
  • Square Feet: 5,382
  • # of Stores: 2
  • Year Built: 1900
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 4,006
  • Lot Dimensions: 80 x 50
  • Frontage: City Street
  • Zoning: COMMR

Financial Considerations

  • Security Deposit: Alarm Monitored
  • Assessment Year: 1900
  • Tax Amount: $2,660
  • Tax Year: 2024
  • Tenant Pays: Varies by Tenant

Disclosures and Reports

  • Property ID: 16093233501500

Listed by Ultimate Realty Brokerage Svs

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— 397 W Station St —

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NMLS#: 1598647

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Schools serving 397 W Station St

School District:Kankakee School District 111
NameGradesDistance
John Kennedy Middle Grade School
1550 West Calista Street, Kankakee, IL 60901
3-60.9 mi
Kankakee Junior High School
2250 East Crestwood Street, Kankakee, IL 60901
7-82 mi
Kankakee High School
1200 West Jeffery Street, Kankakee, IL 60901
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 397 W Station St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/07/2025
Listed
$199,900
344.22%
MLS
10/27/2017
Sold
$45,000
—
Public Record
Get Price Alerts and Save Property
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 for 397 W Station St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,660
-8%
$22,500
—
2023
$2,877
-6%
$22,500
—
2022
$3,058
-4%
$22,500
—
2021
$3,189
-3%
$22,500
—
2020
$3,291
-2%
$22,500
—
2019
$3,372
-4%
$22,500
—
2018
$3,506
-13%
$22,500
—
2017
$4,015
5%
$22,500
—
2016
$3,838
-5%
$22,500
-10%
2015
$4,037
—
$25,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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397 W Station Street, Kankakee, IL 60901 (MLS# 12529223) is a Commercial property. 397 W Station Street is currently listed for $199,900 and was received on December 07, 2025. Want to learn more about 397 W Station Street? 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.

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