127 W Taylor Street
Grant Park, IL, 60940 $ 650,000
Bedrooms-- Baths-- Sq 16,897 Monthly Estimate*
$ 4,002
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.
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FeaturesGeneralCooling 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
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ExteriorBuilding Area Total 16897
Lot Dimensions 82.5X86
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* Excluded FeaturesList ByMccolly Bennett Real EstateBroker
gleutloff@mccolly.comEmail
Affordability Calculator
- 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 NearbyCommerical listings in Grant Park, IL
Average List Price $700,000
Percent of Sale Price 8%
About Grant Park, IL 1,344 Population
-3% Since 2002
$ 55,195 Median Income
40.53 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/31/2026 | $650,000 | | Listed Price |