164 N Schuyler Avenue Kankakee, IL $ 380,000
164 N Schuyler Avenue
$ 380,000
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164 N Schuyler Avenue

Kankakee, IL, 60901
$ 380,000
Bedrooms-- Baths-- Sq 7,250
164 N Schuyler Avenue, Kankakee, IL 60901 - Image 1
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Property for Rent in Kankakee, IL

for $380,000. This 7,250 square foot property was built in 1912 on a lot size of 0.084114.

KANKAKEE - FOR SALE - Investment Opportunity - Fully leased Restaurant. This stable tenant has been operating at this location for over a decade and have 4 years left on their lease! Property offered at a 10 cap return. This well-maintained, two-story property offers an impressive combination of dining, bar, entertainment, and event space with above-average finishes throughout. The main level features a full commercial kitchen (with fire suppression system), spacious dining area, full bar, and two large restrooms. The second floor provides additional dining and private-event/party space, a second bar, two restrooms, and convenient storage-offering excellent flexibility for banquets, private parties, or expanded restaurant operations. A full basement provides substantial storage and mechanical space along with a large walk-in cooler and dedicated wine-cellar area. Additional features include a fenced brick-paver patio offering outdoor dining potential. Located downtown on Schuyler Ave., great location! Great investment, call today!

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Rental Active

Price

$ 380,000

Taxes

$ 4,345

Style

Commercial

Lot Size

0.084114

Year Built

1912

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12749692

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Membrane
Zoning COMMR
Construction Materials Brick Wood
Year Built 1912
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat Insurance
Stories Count 2
Township Kankakee
Property Subtype Restaurant
Tax Year 2025
Current Use Commercial
Gross Income 47442
Assoc Fee Paid Per Not Applicable
County Kankakee
Net Operating Income 37636
Operating Expense 9806
Insurance Expense 3987
Property Type Commercial Sale Retail/Stores
Status New
Directions I-57 S to exit 312 for IL-17 toward Kankakee/Momence follow IL-17 W/E Court St to N Schuyler Ave to your destination.
City Kankakee
Number Of Units Total 1
MLS Area Kankakee
Lot Size Square Feet 3664
Tax Annual Amount 4345
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Leasable Area 7250
Lease Type Modified Gross
Standard Status Active
Cap Rate 10
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Interior
Flooring Carpet Tile Wood
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Exterior
Water Source Municipal Water
Foundation Details Stone
Building Area Total 7250
Lot Dimensions 25 x 145
Frontage Type City Street
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* Excluded Features
List By
Mccolly Bennett Real Estate

Broker

bucktamblyn@mccolly.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$380,000 Listed Price

Map


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164 N Schuyler Avenue, Kankakee, IL, 60901 is a Property for Rent at $380,000 with 7,250 sqft and a lot size of 0.084114. 164 N Schuyler Avenue was built in 1912. The property's zip code is 60901 which is in Kankakee, IL