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    Kankakee, IL Medical Office Space for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    Former Bank Branch For Sale
    $500,000
    7,231 SF
    Former Bank Branch For Sale

    101 Meadowview Center, Kankakee, IL 60901

    Former bank branch with drive-thru, ideal for retail.
    • Drive‑thru infrastructure already in place.
    • Ideal for various uses: coffee shop, quick service restaurant, medical, office, or other retail.
    • Centrally located in Kankakee, minutes from downtown and 2 miles from I‑57.
    • Surrounded by other retail including Classic Cinemas, Planet Fitness, and City Trends.
    • Located near Olivet Nazarene University, Bradley‑Bourbonnais High School and Bishop McNamara High School.
    Updated: May 8
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Turn-Key Medical & Wellness Building
    $3,950,000
    4,800 SF
    Turn-Key Medical & Wellness Building

    Modern 2024 free-standing medical/wellness facility with clinical build-out, sprinkler system, and 24 parking spaces.

    11240 W Laraway Road, Frankfort, IL 60423

    View details
    Standalone Office Building with Parking
    $90,000
    0.85 Acres
    Standalone Office Building with Parking

    Two-story brick office building on a nearly-acre corner site with substantial onsite parking and strong street visibility.

    23060 Cicero Avenue, Richton Park, IL 60471

    View details
    Frankfort Medical Office Building For Sale
    $2,850,000
    24,125 SF
    Frankfort Medical Office Building For Sale

    Three-story medical office building with national tenant and available space.

    10043 Lincoln Highway, Frankfort, IL 60423

    View details
    Standalone Two-Story Office Building
    $90,000
    3,690 SF
    Standalone Two-Story Office Building

    Two-story standalone office building with extensive onsite parking on a nearly acre commercial site.

    23060 Cicero Avenue, Richton Park, IL 60471

    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.

    Mokena Commercial Land Opportunity
    $1,275,000
    8.57 Acres
    Mokena Commercial Land Opportunity

    Prime commercial land available in Mokena's 'Great Corridor'.

    Lot 16 191st Street, Mokena, IL 60448

    View details
    Prime Land in Growing Community
    $257,500
    2.01 Acres
    Prime Land in Growing Community

    Two acres of land suitable for various commercial uses.

    1575 S Feather Rock Drive, Crown Point, IN 46307

    View details
    Crestwood Commercial Lot on Cicero
    $749,900
    1.00 Acre
    Crestwood Commercial Lot on Cicero

    Prime commercial lot in Crestwood business district with high exposure.

    14101 South Cicero Avenue, Crestwood, IL 60418

    View details
    Commercial Lot on Eola Road
    $475,000
    1.06 Acres
    Commercial Lot on Eola Road

    Commercial lot with frontage on Eola Road in Aurora, IL.

    2234 S Eola Road, Aurora, IL 60503

    View details

    Kankakee, IL Medical Office Space Market Trends and Statistics

    Explore 1 medical office space for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 7,231 square feet of properties for sale, with an estimated market value of $500,000.

    Sale prices for medical spaces in Kankakee, IL start at $500,000, averaging $500,000, and reaching up to $500,000 — 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

    Office Units 6
    Office buildings 3
    Medical Office Space 2

    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 $500K

    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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