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202 N Schuyler Ave
Kankakee, IL 60901
Graham Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Stable in place income derived from a wide array of non-traditional commercial tenants
- Substantial in-place Net Operating Income (NOI) with considerable lease term remaining.
- Professionally managed, well-maintained property with minimal deferred maintenance.
- Well-established tenants with long operating histories at the property and recent lease renewals.
- Centrally located within downtown Kankakee.
EXECUTIVE SUMMARY
Baum Realty Group, LLC has been exclusively retained to market for sale, this multi-tenant building located at 200 N. Schuyler Avenue, Kankakee, IL (the "Property"). Situated on a ±3.07 acre parcel of land conveniently located in the downtown district of Kankakee, the Property encompasses ±99,022 SF rentable square feet. The building is supported by a large, ±400 car parking lot which is leased by ownership under a long term lease with the City of Kankakee. The Property offers a stable flow of in-place income from a diverse array of tenants with the opportunity to add value through leasing the available 7,652 SF of vacancy. In addition, the 92% leased property is located in close proximity to other governmental buildings, such as the Kankakee County Courthouse, The City of Kankakee Administration Building, the Kankakee Public Library, and the police station. The Property is located within the Kankakee Riverfront TIF district. I-57 is less than two miles away and is a vital link to the transportation network for Kankakee County.
Scott Bowers, Auctioneer
Fisher Auction Company Inc.
License: 040000273
Scott Bowers, Auctioneer
Fisher Auction Company Inc.
License: 040000273
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
104,000 SF
Building Class
B
Year Built/Renovated
1970/2007
NOI
$588,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
52,000 SF
Building FAR
0.64
Lot Size
3.72 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
400 Spaces (6.73 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 16-09-32-418-022 | Improvements Assessment | $391,055 |
| Land Assessment | $25,612 | Total Assessment | $416,667 |
PROPERTY TAXES
Parcel Number
16-09-32-418-022
Land Assessment
$25,612
Improvements Assessment
$391,055
Total Assessment
$416,667
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