Buck Tamblyn, Commercial Broker

03/02/2022

The Economic Alliance of Kankakee County has released its annual market profile and in it is the list of the top employers in the county.

It's always interesting to see what's new on the list, including which businesses have been growing in recent years (e.g. Urban Farmer in Manteno).

The list in the publication is sorted by type of industry. Here are the top employers ranked by size. Is there anything on the list that surprises you?

03/04/2021

Honored to be listed among such a hard-working group of individuals!

Congrats to our December 2020 Top Producers!

09/29/2020

KANKAKEE - FOR SALE - BUSINESS WITH REAL ESTATE - $225,000. Long standing local automated car wash for sale! Very profitable with plenty of room to grow the business/income! Great location with over 8,000 VPD at your doorstep! Second floor provides extra room for storage or office space. The building and car wash equipment are in good shape with many upgrades in recent years. Great investment with excellent income potential! Financials available for qualified buyers. Call today!

Here is the link to the full listing: https://www.mccolly.com/listing/10885526/1035-north-5th-kankakee-il-60901/

DM me with any questions.

Price: $225,000, square_feet: 2950, address: 1035 North 5th Avenue

08/20/2020

FOR SALE: Investment Property in Watseka

📍 1489 East Walnut Street, Watseka, IL, 60970

Sale Price: $1,600,000
Square Feet: 45,000

✅ 45,000 square foot industrial building sitting on 15 acres.
✅ Currently leased NNN and being offered at an 8.5 cap.
✅ Grade "A" publicly traded tenant has been in place for more than 7 years — solid investment property!
✅ Building is in great condition; multiple drive-in doors, dock and 7 cranes — (2) 5-ton and (5) 1,000 lb.

You can check out the full listing here ⤵️
https://www.mccolly.com/listing/10818138/1489-east-walnut-watseka-il-60970/

Send me a DM with any questions!

Price: $1,600,000, square_feet: 44850, address: 1489 East Walnut Street

08/11/2020

The COVID-19 pandemic has created an interesting environment for residential real estate.

Statistics like the personal savings rate (which hit 33% in April) suggest that Americans are stockpiling cash and curbing their spending. At the same time, the local real estate market has been hot — evident by the speed in which my listings are moving and what I’ve been hearing from other agents.

For example, two of the three homes below sold in little more than one month — from listing to closing. The third, a home on Meadow Ln. in Peotone, had multiple offers within the first two days and closed quickly. And to think that, in my initial conversations with the sellers, we asked ourselves if this was a good time to be putting a house up for sale!

So how do we explain a hot real estate market in the middle of a pandemic? Buyers who were sidelined earlier this year are now active — with interest rates below 3% providing additional incentive — while sellers are reluctant to put their homes up for sale in the midst of an uncertain situation. That’s caused a dwindling supply of houses on the market, and the lack of inventory has created more competition among buyers.

Do you know anyone who has sold their home during the pandemic? Or anyone who currently has their house for sale? What was their experience?

07/21/2020

FOR SALE: 40-Unit Senior Housing Complex in Pembroke

📍 4067 South Wheeler Road Pembroke Twp, IL 60958
https://goo.gl/maps/eVxsY57eb8dpPRaA9

Sale Price: $1.35 million
Square Feet: 40,000
Acreage: 5 acres

✅ All under one roof, these 40 units are full and there is a waiting list of for residents.
✅ Listed at an 8 CAP equal to $33,750/unit.
✅ Currently owned with an assumable Rural Development Loan.
✅ 70% of rent collect with Gov. rental assistance.
✅ To maintain occupancy and rental assistance, certain guidelines apply for purchase structure.
✅ Property in "Good" condition.
✅ Management in place could possibly stay on after sale.

Send me a DM if you have any questions!

07/14/2020

FOR SALE: Commercial Building in Kankakee with 10,000+ VPD

📍 195 South Washington Ave, Kankakee, IL 60901
https://goo.gl/maps/y41yBG75w5bPHcHu7

Sale Price: $89,900
Building Size: 1,164 SF
Price/SF: $77.23

✅ On main thoroughfare with more than 10,000 vehicles per day.
✅ Previously a second hand store, this building is both structurally and mechanically sound.
✅ Could be used for a variety of commercial uses, retail or office.
✅ Newer roof, HVAC and hot water heater.
✅ Plenty of parking and great location.

Send me a message for more information!

07/09/2020

FOR SALE: Free-Standing Commercial Building in Bradley

📍 800 West Broadway Street, Bradley, IL, 60915
https://goo.gl/maps/Ls348pifgWSsPVWK7

Sale Price: $350,000
Building Size: 4,000 SF
Lot Size: 18,000 SF
Price/SF: $87.50

✅ Previously a fitness center, this building and location could be suitable for a variety of business: office, retail, fitness, etc.
✅ Plenty of parking on both sides of building and great visibility.
✅ Building is in superior condition inside and out.
✅ Extra space for storage or use in the basement.
✅ Great location and reasonably priced!

Send me a message for more information!

07/07/2020

Northfield Square Mall is the lede in this story from the New York Times.

(Although the mall is in Bradley, not Bourbonnais.)

Brick-and-mortar retail was in the midst of seismic changes even before the pandemic. Analysts say as much as a quarter of America’s malls may close in the next five years.

07/03/2020

FOR SALE: 6,200 SF Commercial Building in Grant Park

📍 101 North Hilgert Drive Grant Park, IL 60940
https://goo.gl/maps/7ke8VGMaDjtGL8GHA

Sale Price: $475,000
Lot Size: 1.6 acres
Square Feet: 6,200

✅ Previously a bank with drive-thru service.
✅ All brick building is in great condition.
✅ Highly visible on corner lot with great signage.
✅ Many potential uses: commercial, retail, office and more.
✅ Building sits on 1.6 acres, well landscaped and in a TIF district.
✅ More units could be added for additional income or a storage unit property.

Send me a message for more information!

06/26/2020

Businesses in Kankakee County have not been immune to the effects of the COVID-19 pandemic.

Bakers Square and Coyote Canyon, neighbors on Rt. 50 in Bradley, have announced they will not reopen. JCPenney, the last of the four anchor stores at Northfield Square Mall, is currently having a final sale before it closes for good. Victoria’s Secret and Bath & Body Works — owned by the same parent company and also in the mall — are closing, too.

These businesses are among the latest additions to the list of projects that McColly Bennett is working on. That list is below.

It’s unfortunate, of course, any time a business closes. But with change comes opportunity, and here’s to hoping a new wave of businesses can utilize these properties, many of which are in highly visible locations.

📍 JCPenney (Northfield Square Mall, Bradley)
📍 Carson’s (Northfield Square Mall, Bradley)
📍 Sears (Northfield Square Mall, Bradley)
📍 Victoria’s Secret (Northfield Square Mall, Bradley)
📍 Bath & Body Works (Northfield Square Mall, Bradley)
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📍 Bakers Square (1315 Armour Rd, Bourbonnais)
📍 Coyote Canyon (1359 Locke Dr, Bourbonnais)
📍 El Cortez (580 N Kinzie Ave, Bradley)
📍 FCA (400 E North St, Bradley)
📍 Go All Out (665 W Broadway St, Bradley)
📍 Gold’s Gym (710 W Broadway St, Bradley)
📍 Golden Corral (910 N Kinzie Ave, Bradley)
📍 Le Body Shop (800 W Broadway St, Bradley)
📍 Long John Silver's (265 N Kinzie Ave, Bradley)
📍 McGrath Whalen (148 N Kinzie Ave, Bradley)
📍 Moose Lodge (730 N Kinzie Ave, Bradley)
📍 Pier One (1660 Route 50, Bourbonnais)
📍 Route 50 Motel (1311 Route 50, Bourbonnais)
📍 Salvation Army (1300 Locke Dr, Bourbonnais)
📍 Whiskey House (270 S Schuyler Ave, Bradley)