Your email has been sent.
2405 E Court St - 2 Acre Development Site w/ Income Properties 2 Acres of Commercial Land Offered at $424,900 in Kankakee, IL 60901
INVESTMENT HIGHLIGHTS
- High Exposure & Traffic Count
- 5 Multi-Family Rentals on Site
- Income Producing Redevelopment Site
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $424,900 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.00 AC |
| Property Type | Land | ||
| Zoning | C-2 (Service Commercial) - Service Commercial | ||
| Price | $424,900 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 2.00 AC |
| Zoning | C-2 (Service Commercial) - Service Commercial |
1 LOT AVAILABLE
Lot
| Price | $424,900 | Lot Size | 2.00 AC |
| Price Per AC | $212,450.00 |
| Price | $424,900 |
| Price Per AC | $212,450.00 |
| Lot Size | 2.00 AC |
Site is 535.9' x 164.3'
DESCRIPTION
2.0 acre site located on the frontage of road of East Court Street that has several 5 rental improvements on the site. Located 1/4 mile from exit #312 of Interstate 57, the site has the opportunity for redevelopment next to several new developments. Such developments include Ricky Rockets Travel Center, Wendy's, Aroma Hill, LeBeau Bros. Dealership and more. Interchange #312 is scheduled for a $100+ million renovation in 2027 by the State of Illinois. Ideal location for fast food, hotel/motel, retail and more. The property is producing income from the rental properties and allows a user/investor to collect income till redevelopment begins.
Presented by
2405 E Court St - 2 Acre Development Site w/ Income Properties
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.