127 W Taylor Street Grant Park, IL $ 650,000
127 W Taylor Street
$ 650,000
Recently Listed
Share Save

127 W Taylor Street

Grant Park, IL, 60940
$ 650,000
Bedrooms-- Baths-- Sq 16,897

Monthly Estimate*

$ 4,002

127 W Taylor Street, Grant Park, IL 60940 - Image 1
127 W Taylor Street, Grant Park, IL 60940 - Image 2
127 W Taylor Street, Grant Park, IL 60940 - Image 3
127 W Taylor Street, Grant Park, IL 60940 - Image 4
127 W Taylor Street, Grant Park, IL 60940 - Image 5
127 W Taylor Street, Grant Park, IL 60940 - Image 6
127 W Taylor Street, Grant Park, IL 60940 - Image 7
127 W Taylor Street, Grant Park, IL 60940 - Image 8
127 W Taylor Street, Grant Park, IL 60940 - Image 9
127 W Taylor Street, Grant Park, IL 60940 - Image 10
127 W Taylor Street, Grant Park, IL 60940 - Image 11
127 W Taylor Street, Grant Park, IL 60940 - Image 12
127 W Taylor Street, Grant Park, IL 60940 - Image 13
127 W Taylor Street, Grant Park, IL 60940 - Image 14
127 W Taylor Street, Grant Park, IL 60940 - Image 15
127 W Taylor Street, Grant Park, IL 60940 - Image 16
127 W Taylor Street, Grant Park, IL 60940 - Image 17
127 W Taylor Street, Grant Park, IL 60940 - Image 18
127 W Taylor Street, Grant Park, IL 60940 - Image 19
127 W Taylor Street, Grant Park, IL 60940 - Image 20
127 W Taylor Street, Grant Park, IL 60940 - Image 21
127 W Taylor Street, Grant Park, IL 60940 - Image 22

Commercial Property for sale in Grant Park, IL

for $650,000. This 16,897 square foot building was built in 1920 on a lot size of 0.151722.

This mixed-use property offers significant income potential with 7 apartments, approximately 3,000 SF of office space, and 5,449 SF of light warehouse. Of the 7 apartments, there is 1 three-bedroom, 3 two-bedroom, and 3 one-bedroom apartments. The gorgeous offices are turnkey; complete with 6 high-quality workstations with desks, chairs, phones, headsets, monitors, keyboards, computers, and a server, with room for additional workstations. Super high ceilings make the office airy & bright. The light warehouse is turnkey also, with professional shelving, shipping computer, equipment and supplies. Heating is gas forced air heating in the office, warehouse, and apartments 1 & 2, and electric baseboard heating in the remaining units. Central air serves the office, warehouse, and apartments 1 & 2, while window units provide cooling for rest of the apartments. The roof is 8-9 years old, and the property presents a tremendous opportunity for investors seeking a versatile income-producing asset with both commercial and residential components. . Built in 1920, the right two-thirds of the building were fully renovated 17 years ago-down to the studs, including all new electric, plumbing, and HVAC-while the five apartments were updated individually as tenants moved out, ensuring modern, move-in ready living spaces.

See more

Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 8,266

Style

Lot Size

0.151722

Year Built

1920

Town/City

Grant Park

County/Region

Kankakee

MLS | Web ID

12604944

Features
General
Cooling Central Air Window Unit(s)
Zoning OTHER
Year Built 1920
Electric Circuit Breakers
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 3345
County Kankakee
Insurance Expense 6000
Property Type Commercial Sale Mixed Use
Status Active
Directions From Route 1 head west of E/W Taylor St. into downtown Grant Park. Property is on south side of Taylor St. between Main and Meadow.
City Grant Park
Number Of Units Total 9
MLS Area Grant Park
Lot Size Square Feet 6609
Tax Annual Amount 8266
Electric Expense 4000
Fuel Expense 3600
Trash Expense 2400
Water Sewer Expense 5000
Additional Parcels Y/N N
Standard Status Active
See more
Exterior
Building Area Total 16897
Lot Dimensions 82.5X86
See more
* Excluded Features
List By
Mccolly Bennett Real Estate

Broker

gleutloff@mccolly.com

Email

Affordability Calculator

$4,691
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$689
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/31/2026$650,000 Listed Price

Map


See all

127 W Taylor Street, Grant Park, IL, 60940 is a Commercial Property for sale at $650,000 with 16,897 sqft and a lot size of 0.151722. 127 W Taylor Street was built in 1920. The property's zip code is 60940 which is in Grant Park, IL