Grocery Store

Kankakee, IL Grocery And Convenience Stores for Sale

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Bradley, IL Bourbonnais, IL Aroma Park, IL Saint Anne, IL Manteno, IL Chebanse, IL Bonfield, IL Momence, 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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1 active listing matches your search: Grocery / Convenience for sale in Kankakee, IL. Based on your search, we've also compiled 6 Potential Opportunities for your consideration: 4 properties in nearby cities and 2 land listings with development potential.

Opportunities in Nearby Cities

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

Grocery Store with Refrigerated Coolers
Grocery Store with Refrigerated Coolers

1924 E 87th Street, Chicago, IL 60617

South Chicago
$389,000
4,200 sqft

Existing shelving, coolers, and customer parking support grocery, convenience, or specialty food operations.

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Grocery and Convenience Store
Grocery and Convenience Store

541 University Parkway, University Park, IL 60484

$599,900
Business included  2,115 sqft  Built 1900  9.56 acres

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

Commercial Kitchen  Large Walk-In Refrigerator  Check-Out Counter
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Grocery and Convenience Store Building
Grocery and Convenience Store Building

235 E Main St, Braidwood, IL 60408

$399,500
2,700 sqft  Built 1992

Established commercial building with beverage retail functionality, a walk-in cooler, and multiple storage areas.

Walk-in cooler  Storage areas  Video gaming machines
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Corner Retail Property
Corner Retail Property

1753-1759 W 79th Street, Chicago, IL 60620

Auburn Gresham
$319,900
Multi-tenant  5,800 sqft  Built 1929  3 buildings  1-story  0.13 acres
Corner location

Three single-story buildings combine leased retail space with an available commercial suite.

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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.

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Commercial Development Land
Commercial Development Land

19611 Crawford Avenue, Flossmoor, IL 60422

$399,800
2.53 acres  Commercial

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

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Kankakee, IL Grocery And Convenience Stores Market Trends and Statistics

Explore 1 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 1
Automotive properties 1
Banks 1
Grocery and convenience stores 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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