Advertise
    Kankakee, IL
    Restaurants

    Kankakee, IL Restaurants for Sale

    Notify Me
    List
    Map
    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
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    5896 State RT 17 Hwy, Kankakee, IL 60901

    View Property Analytics

    • 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 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.

    Commercial Restaurant Property
    Commercial Restaurant Property

    49-63 N Main Street, Manteno, IL 60950

    $1,250,000
    0.29 AC lot

    For-sale commercial restaurant property zoned COMMR, offered at 49-63 N Main Street on a 0.2938-acre lot.

    View details
    Commercial Land with Restaurant Potential
    Commercial Land with Restaurant Potential

    20508 Wicker Boulevard, Lowell, IN 46356

    $249,000
    2,130 sqft 3.29 AC lot

    3+ acre parcel with commercial building and fixer-upper home.

    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
    Leased Restaurant Property with Signage
    Leased Restaurant Property with Signage

    855 West Cook Street, Manteno, IL 60950

    Contact for pricing

    Restaurant property adjacent to a hotel with pylon signage and a 12-month lease in place.

    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.

    Cedar Lake B-3 Zoned Land
    Cedar Lake B-3 Zoned Land

    13951 Alexander Street, Cedar Lake, IN 46303

    $397,300
    1.35 AC lot

    1.35 acre B-3 zoned lot in Cedar Lake, Indiana.

    View details
    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.

    View details
    Graded Commercial Land
    Graded Commercial Land

    LARAWAY Road lot: 8, New Lenox, IL 60451

    $925,000
    4.15 AC lot

    Graded commercial parcel with utilities at the site and surrounding retail uses.

    View details
    Lincoln Highway Commercial Land
    Lincoln Highway Commercial Land

    7825 W Lincoln Highway, Frankfort, IL 60423

    $510,000
    0.84 AC lot

    Development site with an existing structure and convenient ingress and egress.

    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 $425,000.

    Sale prices for restaurant properties 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.

    List
    Map

    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%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Restaurants for Sale Near Kankakee, IL

    Popular Searches in Kankakee, IL

    Popular Categories

    Most Searched ZIP Codes in Kankakee, IL

    • 60901

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!