SQUARE FEET7,250
MLS#12749692
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
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!
Property Features
Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.08 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $4,345
Year Built: 1912
Feature Descriptions
Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick, Wood
Fire Protection: Other
Flooring: Carpet, Tile, Wood
Foundation: Stone
Frontage Type: City Street
HVAC: Central Bldg Heat
Location: Central Business District, Public Transport Avail, In City Limits, High Traffic Area
Lot Dimensions: 25 x 145
Miscellaneous Indoor: Accessible Entrance, Accessible Washroom/s, Public Restroom/s, Basement
Number of Tenant(s): 1
Parcel#: 160932425004
Parking: 31-50 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat, Insurance
Units: 1
Utilities: Electric to Site, Natural Gas Available, Sewer Connected
Listed By / Shown By
Listed By
Agency Name: McColly Bennett Real Estate
Agency Phone: 815-929-9381
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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164 N Schuyler Avenue | MLS# 12749692
This commercial property located at 164 N Schuyler Avenue, Kankakee, IL 60901 is currently listed for sale with an asking price of $380,000. Search Kankakee real estate on www.bhhscrosby.com today.