FOR SALE - KANKAKEE - 6 UNIT MIXED USE INCOME PRODUCING PROPERTY

793 North 5th Avenue Kankakee, IL 60901

793 North 5th Avenue, Kankakee, IL, 60901
793 North 5th Avenue, Kankakee, IL, 60901 793 North 5th Avenue, Kankakee, IL, 60901
FOR SALE
Property Type:
Street Retail
Amount:
$249,900
Last Verified:
Jun 13, 2024

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Description

2 commercial units on the first floor and 4 apartments on 2nd floor. Ample parking in side and back of building. Apartments have private interior entry. Almost 10,000 Vehicles per day at your doorstep! Zoned C- 2 -Commercial. Fully occupied, listed at a 12 cap rate! Great investment property, call today!

US-45 S/US-52 E/Kennedy Dr to N 5th Ave. Property on SW corner of 5th and Williams.

Building Size: 5200sq ft
Lot Size: 0 acres


Documents

Sale Brochure

Map of 793 North 5th Avenue, Kankakee, IL, 60901

Presented by:
McColly Bennett Real Estate

Request additional information
Buck Tamblyn


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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.