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    Kankakee, IL Restaurants for Sale

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

    5896 State RT 17 Hwy, Kankakee, IL 60901

    $399,000
    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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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    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.

    Brick Restaurant with Bar Areas
    Brick Restaurant with Bar Areas

    403 N Main St, Wilmington, IL 60481

    $799,000
    5,708 sqft

    Two-story restaurant with professional equipment, gaming area, multiple bars, and ample parking.

    View details
    Restaurant Property with Truck Parking
    Restaurant Property with Truck Parking

    20508 Wicker Boulevard, Lowell, IN 46356

    $249,000
    2,130 sqft

    Commercial parcel includes a restaurant-configured building and a separate single-family residence requiring renovation.

    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
    Duplex Property with Restaurant-Ready Building
    Duplex Property with Restaurant-Ready Building

    20508 Wicker Boulevard, Lowell, IN 46356

    $249,000
    3.29 AC lot

    A Route 41 parcel with well water, septic service, propane heat, and an existing restaurant-ready commercial building.

    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.

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    Frankfort Land for Mixed-Use Development
    Frankfort Land for Mixed-Use Development

    795 Center Road, Frankfort, IL 60423

    Contact for pricing
    11.00 AC lot

    Approximately 11 acres of land for mixed-use development.

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    Graded Commercial Land
    Graded Commercial Land

    LARAWAY Road lot: 8, New Lenox, IL 60451

    $925,000
    4.50 AC lot

    Level, utility-served site surrounded by established retail, banking, and residential uses.

    View details
    Commercial Land Corner Lot
    Commercial Land Corner Lot

    McGovney Street lot: 7 Block 3 Mcgovney, Mokena, IL 60448

    $135,000
    0.28 AC lot

    Vacant commercial parcel with Wolf Road exposure, water available, and proximity to Mokena’s downtown train station.

    View details

    Kankakee, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants 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 $399,000.

    Sale prices for restaurant properties in Kankakee, IL average $399,000 — 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%

    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 $425K

    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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