481 N Schuyler Avenue N Kankakee, IL $ 285,000
481 N Schuyler Avenue N
$ 285,000
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481 N Schuyler Avenue N

Kankakee, IL, 60901
$ 285,000
Bedrooms-- Baths-- Sq 8,700

Monthly Estimate*

$ 1,755

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Commercial Property for sale in Kankakee, IL

for $285,000. This 8,700 square foot building was built on a lot size of 0.199725.

Price Reduced - Now $285,000 This exceptional commercial offering near downtown Kankakee presents over 5,000 sq ft of versatile space formerly used as a successful bar and banquet hall. Features include three full-service bars (one with nostalgic aluminum ceiling), dance floor with stage & lighting, his & hers multi-stall restrooms, walk-in pantry, private office with vault, full security camera system (equipment owned), basement storage, wheelchair access, and a 2-3 bedroom apartment upstairs (needs work - terrific potential for added income). Equipment, furnishings and fixtures are included-tables, bar stools, pool table, commercial coolers & ice machines, ceiling & floor speakers. Outside you'll find two rear decks for outdoor seating, a detached garage for storage/utility use, and a roof replaced in 2015. Liquor and video-gaming licenses were held by owner (buyer must reapply). Selling AS IS. Motivated Seller. REALTOR-owned. Rare find at this new price.

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Commercial Active

Price

$ 285,000

Property Type

Commercial

Taxes

$ 5,456

Style

Bar/Tavern/Lounge

Lot Size

0.199725

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12402492

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Composition
Zoning COMMR
Construction Materials Wood
Tenant Pays Electricity Heat Other
Stories Count 2
Tax Year 2024
Current Use Commercial
Business Type Bar/Tavern/Lounge
County Kankakee
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Liquor License Residential
Status Active
Directions N. Schuyler 1/2 mile North of Court Street.
City Kankakee
MLS Area Kankakee
Lot Size Square Feet 8700
Tax Annual Amount 5456.66
Additional Parcels Y/N N
Standard Status Active
Ownership Type LLC
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Exterior
Building Area Total 8700
Lot Dimensions 60X145
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

Brenda.Ervin@cbexchange.com

Email

Affordability Calculator

$2,209
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,755
Monthly Property Taxes
$455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/12/2025$285,000 -14.93% Price Down
6/26/2025$335,000 Listed Price

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481 N Schuyler Avenue N, Kankakee, IL, 60901 is a Commercial Property for sale at $285,000 with 8,700 sqft and a lot size of 0.199725. The property's zip code is 60901 which is in Kankakee, IL