127 W Taylor Street, Grant Park, IL 60940

$650,000

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • Sqft
  • 0Acres
  • Commercial SaleType
  • ActiveStatus
  • 12604944MLS#
-1 More Schedule

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Property Description 127 W Taylor Street, Grant Park, IL, 60940

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.



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Property Details 127 W Taylor Street, Grant Park, IL, 60940

  • On Market Date: 03/30/2026
  • Year Built: 1920
  • MLS#: 12604944
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 6,609
  • Price: $650,000
  • City: Grant Park
  • State: IL
  • Zip: 60940
  • County: Kankakee
  • Development: NO
  • Date Last Updated: 04/27/2026
  • Basement: NO
  • Pool: NO
  • Cooling: Central Air, Window Unit(s)

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