KANKAKEE - FOR SALE - Investment Opportunity - Fully leased Restaurant
$380,000
164 N Schuyler Ave, Kankakee, IL 60901
0.0837 acres
Lot Area
100
Occupancy
Details:
Highlights:
- Great investment
- Longterm tenant in place
- Offered at a 10 Cap
- Downtown Kankakee location in the Central Business District on Schuyler Avenue
- Prominent street presence in a walkable commercial corridor
- Ideal downtown visibility and access
- Historic 1912 building with character and enduring architectural appeal
- Central business district setting supports consistent traffic
Description:
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!
Downtown Kankakee, in the Central Business District on Schuyler Ave.
201-600 Amps
Location
Gallery
