397 W Station Street Kankakee, IL ^$ 199,900

397 W Station Street

^$ 199,900

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Recently Listed

397 W Station Street

Kankakee, IL, 60901

^$ 199,900

Bedrooms-- Baths-- Sq 5,382

Monthly Estimate*

^$ 1,247

397 W Station Street, Kankakee, IL 60901 - Image 1

Commercial Property for sale in Kankakee, IL

for $199,900. This 5,382 square foot building was built in 1900 on a lot size of 0.091965.

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.

Commercial Active

Price

^$ 199,900

Property Type

Commercial

Taxes

^$ 2,660

Style

Lot Size

0.091965

Year Built

1900

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12529223

Features

General

Cooling Central Air Window Unit(s)

Zoning COMMR

Year Built 1900

Electric Circuit Breakers Separate Meters Power - 240V

Tenant Pays Varies by Tenant

Stories Count 2

Township Kankakee

Property Subtype Mixed Use

Tax Year 2024

Gross Income 28860

County Kankakee

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status New

Directions Corner of W Station St and S 4th St.

City Kankakee

Number Of Units Total 5

MLS Area Kankakee

Lot Size Square Feet 4006

Tax Annual Amount 2660

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Exterior

Building Area Total 5382

Lot Dimensions 80X50

Frontage Type City Street

* Excluded Features

List By

Ultimate Realty Brokerage Svs

Broker

ft4homes@yahoo.com

Affordability Calculator

$1,469

Per Month

Monthly Principal & Interest: $1,247
Monthly Property Taxes: $222
Monthly Home Insurance: --

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Down Payment

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Interest Rate

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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 ^$523,977

Percent of Sale Price 162%

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
12/8/2025	$199,900		Listed Price

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397 W Station Street, Kankakee, IL, 60901 is a Commercial Property for sale at $199,900 with 5,382 sqft and a lot size of 0.091965. 397 W Station Street was built in 1900. 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 12/11/2025.

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397 W Station Street

Commercial Property for sale in Kankakee, IL

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