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    Kankakee, IL
    Bar & Pub

    Kankakee, IL Bars & Pubs for Sale

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    Bradley, IL Bourbonnais, IL St Anne, IL Chebanse, IL Manteno, IL Momence, IL Pembroke Township, IL Herscher, IL
    Mixed-Use Property with Outdoor Venue
    Updated: Aug 18
    Mixed-Use Property with Outdoor Venue

    5896 State RT 17 Hwy, Kankakee, IL 60901

    $425,000
    3,500 sqft 0.39 AC lot
    Mixed‑use property with 2 apartments and established bar, tavern, and lounge configuration
    Main two‑story building contains approximately 3,024 square feet
    Hospitality area includes kitchen, food‑preparation space, bar, service areas, and seating for approximately 41–50 guests
    Outdoor amenities include beer garden, stage, porch, rear deck, and fenced gathering area
    Illinois Route 17 exposure with approximately 6,450 vehicles per day based on the 2025 IDOT AADT count
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    This listing looks promising.

    Here's a quick look at some key insights for

    5896 State RT 17 Hwy, Kankakee, IL 60901

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Mortgage

      $152K
      Jul 2023

    • Last Sold

      Jul 2023
      $190K
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bar And Grill With Office Unit
    Bar And Grill With Office Unit

    1361 Benton Street, Crete, IL 60417

    $849,900
    0.38 AC lot

    Two-unit commercial property includes a dining area, full bar, separate entrance, and former dental office.

    View details
    Brick Restaurant with Second-Floor Apartment
    Brick Restaurant with Second-Floor Apartment

    403 N Main Street, Wilmington, IL 60481

    $799,000
    0.40 AC lot

    Recent construction with professional equipment, gaming space, multiple bars, and ample parking supports varied restaurant operations.

    View details
    Rehabilitated Mixed-Use Property
    Rehabilitated Mixed-Use Property

    116-118 S Water Street, Wilmington, IL 60481

    $1,165,000
    0.30 AC lot

    Leased retail, bar, and office suites occupy a downtown waterfront setting.

    View details
    Mixed-Use Property with Full Bar
    Mixed-Use Property with Full Bar

    1361 Benton Street, Crete, IL 60417

    $849,900

    Includes a dining area, gaming, and a separately entered second unit requiring improvements.

    View details

    Kankakee, IL Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 3,500 square feet of properties for sale, with an estimated market value of $425,000.

    Sale prices for pubs in Kankakee, IL average $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1

    Demographics Overview

    Population 33K
    Population Growth (5Y) -6.4%
    Median Household Income $54,557
    College Educated 22.6%

    Taxes & Financing

    Tax Rate (average for all types) 11.80%
    Tax Rate vs County Average 2.50 pp above county avg
    Average Loan-to-Value 65.0%

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