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590 S Washington Ave
Kankakee, IL 60901

Cirkle K · Retail Property For Sale

Retail Space Illinois Kankakee 590 S Washington Ave, Kankakee, IL 60901

Investment Highlights

  • Great redevelopment opportunity for a former gas station / convenience store located in Downtown Kankakee.
  • Existing 1,100 SF building with +/-13,000 sq ft lot is ideal for auto service, sit down restaurant or redevelopment.
  • Traffic counts of 15,700 vehicles per day.
  • Ideal corner location with great visibility and access and across from Kankakee River.
  • Larger corner lot has dual alley access.

Executive Summary

Great redevelopment opportunity in downtown Kankakee. Former gas station/convenience store. Property will be restricted against uses competitive with convenience store. Seller will consider the submission of an offer using Seller’s Letter of Intent form, which will be provided to qualified buyers. Interested parties should submit an LOI on terms where the Buyer agrees to complete a purchase of the property on the Seller’s Real Estate Sales Agreement.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Service Station
Building Size
1,100 SF
Building Class
C
Year Built
2000
Price
$125,000
Price Per SF
$114
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C2 - Service Commercial
Parking
10 Spaces (9.09 Spaces per 1,000 SF Leased)
Frontage
113 FT on South Washington Avenue

Amenities

  • Corner Lot

Links

PROPERTY TAXES

Parcel Number 16-17-05-118-006 Improvements Assessment $98,325
Land Assessment $11,826 Total Assessment $110,151

PROPERTY TAXES

Parcel Number
16-17-05-118-006
Land Assessment
$11,826
Improvements Assessment
$98,325
Total Assessment
$110,151
 

  • Listing ID: 27572178

  • Date on Market: 1/23/2023

  • Last Updated:

  • Address: 590 S Washington Ave, Kankakee, IL 60901

More public record information on 590 S Washington Ave, Kankakee, IL 60901

The Retail Property at 590 S Washington Ave, Kankakee, IL 60901 is currently available for sale. Contact Flanagan Realty for more information.

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Former Circle K Gas Station
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