8 Dearborn Square Kankakee, IL ^$ 449,000

8 Dearborn Square

^$ 449,000

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8 Dearborn Square

Kankakee, IL, 60901

^$ 449,000

Bedrooms-- Baths-- Sq 43,000

Monthly Estimate*

^$ 2,801

8 Dearborn Square, Kankakee, IL 60901 - Image 1

8 Dearborn Square, Kankakee, IL 60901 - Image 2

8 Dearborn Square, Kankakee, IL 60901 - Image 3

8 Dearborn Square, Kankakee, IL 60901 - Image 4

8 Dearborn Square, Kankakee, IL 60901 - Image 5

8 Dearborn Square, Kankakee, IL 60901 - Image 6

Commercial Property for sale in Kankakee, IL

for $449,000. This 43,000 square foot building was built in 1920 on a lot size of 0.499311.

DOWNTOWN KANKAKEE - FOR SALE - 43,000 SQUARE FOOT OFFICE BUILDING - Centrally located, just 1 block from the Courthouse, several banks, shopping/Farmers Market and so much more. The all brick/limestone/block building is in good condition. Between the two floors, there is over 26,000 square feet of office space, with additional conference rooms, several restrooms and a large production/industrial area. Priced at recent appraised value, call today!

Commercial Active

Price

^$ 449,000

Property Type

Commercial

Taxes

^$ 4,976

Style

Commercial,Office

Lot Size

0.499311

Year Built

1920

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12131507

Features

General

Cooling Zoned

Roof Membrane

Zoning COMMR

Construction Materials Brick Block Steel Siding Limestone

Year Built 1920

Electric Circuit Breakers Service - 201 to 600 Amps

Tenant Pays Varies by Tenant

Stories Count 2

Township Kankakee

Property Subtype Other

Tax Year 2024

Current Use Commercial Office

Gross Income 0

County Kankakee

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Office/Tech

Possible Use Commercial Office

Status Active

Directions I-57 S to E Court St in Kankakee. Take exit 312 from I-57 S. Merge onto I-57 S. Take exit 312 toward E Court St. Keep right at the fork and merge onto E Court St. Follow E Court St to your destinatio

City Kankakee

Number Of Units Total 1

MLS Area Kankakee

Lot Size Square Feet 21750

Tax Annual Amount 4976.18

Additional Parcels Y/N N

Leasable Area 43000

Standard Status Active

Interior

Flooring Carpet Concrete

Exterior

Foundation Details Concrete Perimeter

Building Area Total 43000

Lot Dimensions 150 X 145

Frontage Type City Street

* Excluded Features

List By

Mccolly Bennett Real Estate

Broker

bucktamblyn@mccolly.com

Affordability Calculator

$3,216

Per Month

Monthly Principal & Interest: $2,801
Monthly Property Taxes: $415
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Kankakee, IL

Average List Price ^$495,975

Percent of Sale Price 10%

About Kankakee, IL

25,835 Population

-8% Since 2002

^$35,173 Median Income

35.04 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/12/2025	$449,000	-10.02%	Price Down
8/17/2024	$499,000		Listed Price

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8 Dearborn Square, Kankakee, IL, 60901 is a Commercial Property for sale at $449,000 with 43,000 sqft and a lot size of 0.499311. 8 Dearborn Square was built in 1920. The property's zip code is 60901 which is in Kankakee, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 1/6/2026.

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8 Dearborn Square

Commercial Property for sale in Kankakee, IL

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