This mixed-use property offers significant income potential with 7 apartments, approximately 3,000 SF of office space, and 5,449 SF of light warehouse. Of the 7 apartments, there is 1 three-bedroom, 3 two-bedroom, and 3 one-bedroom apartments. The gorgeous offices are turnkey; complete with 6 high-quality workstations with desks, chairs, phones, headsets, monitors, keyboards, computers, and a server, with room for additional workstations. Super high ceilings make the office airy & bright. The light warehouse is turnkey also, with professional shelving, shipping computer, equipment and supplies. Heating is gas forced air heating in the office, warehouse, and apartments 1 & 2, and electric baseboard heating in the remaining units. Central air serves the office, warehouse, and apartments 1 & 2, while window units provide cooling for rest of the apartments. The roof is 8-9 years old, and the property presents a tremendous opportunity for investors seeking a versatile income-producing asset with both commercial and residential components. . Built in 1920, the right two-thirds of the building were fully renovated 17 years ago-down to the studs, including all new electric, plumbing, and HVAC-while the five apartments were updated individually as tenants moved out, ensuring modern, move-in ready living spaces.
Property Details
Price:
$650,000
MLS #:
MRD12604944
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
grantpark
Listed Date:
Mar 30, 2026
Total Sq Ft:
16,897
Year Built:
1920
See this Listing
Schools
Interior
Cooling
Central Air, Window Unit(s)
Exterior
Stories
2
Financial
Tax Year
2024
Taxes
$8,266
Map
Community
- Address127 W Taylor Street Grant Park IL
- CityGrant Park
- CountyKankakee
- Zip Code60940
Market Summary
Current real estate data for Commercial in Grant Park as of Jun 21, 2026
2
Commercial Listed
89
Avg DOM
$700,000
Avg List Price
Property Summary
- 127 W Taylor Street Grant Park IL is a Commercial for sale in Grant Park, IL, 60940. It is listed for $650,000
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Copyright 2026. All rights reserved.
127 W Taylor Street
Grant Park, IL


