$380,000

164 N Schuyler Avenue, Kankakee IL, 60901

Price per sqft$52.41

Built in1912

Property size7,250 sqft

Property typeCommercial

Listed by Buck Tamblyn with McColly Bennett Real Estate 815-549-4301

Overview

Active

New

Listed Oct 7, 2026

Updated 4h ago

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!

Additional information

MLS^® ID: 12749692

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.08 Acres

Other Property Details

Taxes: $4,345
Tax Frequency: Annually

Listed by Buck Tamblyn with McColly Bennett Real Estate 815-549-4301

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Data is refreshed every 3 hours. Listing last updated 6:42 PM UTC on 10/7/2026.

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