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    Kankakee, IL
    Grocery Store

    Kankakee, IL Grocery And Convenience Stores for Sale

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    Bradley, IL Bourbonnais, IL St Anne, IL Chebanse, IL Manteno, IL Momence, IL Martinton, IL Pembroke Township, IL
    Mixed-Use Property with Central Air
    Updated: Jan 3
    Mixed-Use Property with Central Air

    242 W Jeffery Street, Kankakee, IL 60901

    $560,000
    0.30 AC lot
    Commercial and residential components
    0.298‑acre parcel
    Central air conditioning
    Constructed in 1950
    242 W Jeffery Street, Kankakee, IL 60901
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    Storefront Retail Property
    Updated: Jan 3
    Storefront Retail Property

    242 W Jeffery St, Kankakee, IL 60901

    $560,000
    Central air conditioning
    Year built: 1950
    For‑sale storefront retail property suited for convenience and grocery‑style uses
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Convenience Store with Restaurant
    Convenience Store with Restaurant

    541 University Pkwy, University Park, IL 60484

    $599,900
    2,115 sqft 6.50 AC lot

    The property combines retail operations with a restaurant setup, commercial kitchen, and on-site parking.

    View details
    Grocery-Anchored Retail Center
    Grocery-Anchored Retail Center

    5914 E State Road 10, Demotte, IN 46310

    $3,300,000
    57,905 sqft

    Lake Holiday Plaza is a fully leased retail shopping center anchored by Sav-A-Lot and Dollar Tree.

    View details
    Anchored Shopping Center
    Anchored Shopping Center

    5914 E State Road 10, Demotte, IN 46310

    $3,300,000
    57,905 sqft 8.25 AC lot

    Retail center with established anchors, full occupancy, public utilities, and off-street parking.

    View details
    Grocery and Convenience Store
    Grocery and Convenience Store

    541 University Parkway, University Park, IL 60484

    $599,900
    9.56 AC lot

    Retail property with an operating restaurant layout, commercial kitchen, walk-in refrigeration, checkout counter, and extensive parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    B-3 Commercial Land
    B-3 Commercial Land

    13951 Alexander Street, Cedar Lake, IN 46303

    $397,300
    1.35 AC lot

    B-3 zoning supports retail, dining, services, lodging, entertainment, and other commercial uses.

    View details
    Commercial Development Land
    Commercial Development Land

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

    View details

    Kankakee, IL Grocery And Convenience Stores Market Trends and Statistics

    Explore 2 grocery and convenience stores for sale in Kankakee, IL on our real estate platform.

    Sale prices for supermarkets in Kankakee, IL average $560,000 — 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

    Storefront properties 3
    Auto shops 2
    Automotive properties 2
    Grocery and convenience stores 2
    Banks 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Kankakee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60901 $560K

    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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