Office Space for lease in Downtown Kankakee

1 Dearborn Square Kankakee, IL 60901

Property Type:
Multi Tenant Office
Last Verified:
Jan 27, 2017

State Rt. 17 (Court St.) to 1 Dearborn Sq. (PNC Bank Building)
Janitorial service
Inside storage
High speed comm circuits
Pre-wired PC network
Finished office space or build to suit
$10.00 to $13.50 per square foot
Central business district
TIF zone.
Year Built: 1971
Building Size: 63928.0sq ft
Building Class: A
Lot Size: 0.0 acres

Units for Lease

Lease Type: Modified Gross
Price Per Sqft/Year: $10.0
Lease Type: Modified Gross
Price Per Sqft/Year: $13.5

Map of 1 Dearborn Square, Kankakee, IL, 60901


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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.