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481 N Schuyler Avenue N

Kankakee, IL 60901
  • $285,000
  • STATUS: Active
  • MLS #: 12402492
UPDATED: 106 min ago
$285,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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Business Opportunity
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Area:

School Ratings & Info

Description

Price Reduced - Now $285,000 This exceptional commercial offering near downtown Kankakee presents over 5,000 sq ft of versatile space formerly used as a successful bar and banquet hall. Features include three full-service bars (one with nostalgic aluminum ceiling), dance floor with stage & lighting, his & hers multi-stall restrooms, walk-in pantry, private office with vault, full security camera system (equipment owned), basement storage, wheelchair access, and a 2-3 bedroom apartment upstairs (needs work - terrific potential for added income). Equipment, furnishings and fixtures are included-tables, bar stools, pool table, commercial coolers & ice machines, ceiling & floor speakers. Outside you'll find two rear decks for outdoor seating, a detached garage for storage/utility use, and a roof replaced in 2015. Liquor and video-gaming licenses were held by owner (buyer must reapply). Selling AS IS. Motivated Seller. REALTOR-owned. Rare find at this new price.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate.

Based on information submitted to the MLS GRID as of 2026-03-07T21:05:01.02 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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481 N Schuyler Avenue N Kankakee, IL 60901

  • Price: $285,000
  • Status: Active
  • On Site: Days
  • Updated: 106 min ago
  • MLS #: 12402492
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Kankakee
County:
Kankakee
Area:
Kankakee
Property Description
Price Reduced - Now $285,000 This exceptional commercial offering near downtown Kankakee presents over 5,000 sq ft of versatile space formerly used as a successful bar and banquet hall. Features include three full-service bars (one with nostalgic aluminum ceiling), dance floor with stage & lighting, his & hers multi-stall restrooms, walk-in pantry, private office with vault, full security camera system (equipment owned), basement storage, wheelchair access, and a 2-3 bedroom apartment upstairs (needs work - terrific potential for added income). Equipment, furnishings and fixtures are included-tables, bar stools, pool table, commercial coolers & ice machines, ceiling & floor speakers. Outside you'll find two rear decks for outdoor seating, a detached garage for storage/utility use, and a roof replaced in 2015. Liquor and video-gaming licenses were held by owner (buyer must reapply). Selling AS IS. Motivated Seller. REALTOR-owned. Rare find at this new price.
Exterior Features

Frontage Type City Street Lot Size .25-.49 Acre Outdoor Parking 19-30 Spaces Roof Composition Waterfront YN No

Interior Features

Cooling Central Air Heat Ventilation Forced Air Miscellaneous Inside Accessible EntrancePublic Restroom/s

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2024 Annual Rent For Real Estate 0 Building Area Total 8700 Business Age Unknown Business Type Bar/Tavern/Lounge Corporate Limits Kankakee Current Use Commercial Gross Profit Year 2024 Gross Sales Annual 0 Gross Sales Annual Year 2024 Location Free Standing/UrbanIn City Limits Mls Actual Status Active Operating Expense 0 Ownership Type LLC Ownership Types Condo Possible Use CommercialLiquor LicenseResidential Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusiness Tax Annual Amount 5456.66 Tax Year 2024 Tenant Pays ElectricityHeatOther Type Bus / Bus w/Real Est Type Of Lease None Utilities Electric to SiteNatural Gas AvailableSewer Connected Zoning COMMR

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of Coldwell Banker Realty: 815-933-9700.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate.

Based on information submitted to the MLS GRID as of 2026-03-07T21:05:01.02 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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