Active
481 Schuyler Avenue
Kankakee, IL 60901
$285,000 ▼ $50,000 from $335,000
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeBusiness Opportunity
Lot size—
Annual tax$5,456.66
CountyKankakee
MLS #MRD12402492
Days on market304
Features
Cooling
Central Air
Utilities
Electric to SiteNatural Gas AvailableSewer Connected
Construction
Wood
Listed by
Coldwell Banker Realty
Brenda Ervin · 815-685-0106
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/25/2026, 8:38:59 AM. All data should be independently verified.
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