- For Sale $380,000
- Property Type Retail - Street Retail
- Units 1
- Lot Size 0.08 Acre
- Parking Spaces Avail. 40
- Date Updated Oct 27, 2026
Description
Downtown Kankakee, in the Central Business District on Schuyler Ave.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!
Highlights
- Central business district setting supports consistent traffic
- Downtown Kankakee location in the Central Business District on Schuyler Avenue
- Great investment
- Historic 1912 building with character and enduring architectural appeal
- Ideal downtown visibility and access
- Longterm tenant in place
- Offered at a 10 Cap
- Prominent street presence in a walkable commercial corridor
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Contacts
Buck Tamblyn
McColly Bennett Commercial Advantage
Location
Located at 164 N Schuyler Ave, Kankakee, IL 60901, this property is part of the Kankakee City Hall neighborhood and Chicago market.
Contact Listing Broker
Buck Tamblyn
McColly Bennett Commercial Advantage