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    Kankakee, IL
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    Kankakee, IL Restaurants for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    Kankakee Redevelopment Opportunity
    $125,000
    1,100 SF

    Kankakee Redevelopment Opportunity

    590 S Washington Avenue, Kankakee, IL 60901

    Former gas station/convenience store ideal for redevelopment.

    • Ideal corner location with great visibility and access.
    • Redevelopment opportunity in downtown Kankakee.
    • Large +/-13,000 sq ft lot with dual alley access.
    • Across from Kankakee River.
    • Suitable for auto service or sit‑down restaurant.
    Updated: Aug 7, 2025
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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.

    Crete Commercial Property with Income
    $849,900
    0.38 Acres

    Crete Commercial Property with Income

    Bar/Grill plus office with redevelopment potential in Crete, IL.

    1361 Benton Street, Crete, IL 60417
    View details
    Crete Commercial Bar and Grill
    $849,900

    Crete Commercial Bar and Grill

    Well-known neighborhood bar and grill with additional income potential.

    1361 Benton Street, Crete, IL 60417
    View details
    Bar and Restaurant Opportunity
    $145,000
    3,080 SF

    Bar and Restaurant Opportunity

    Remodeled bar and restaurant with gaming in a prime location.

    141 South Chestnut Street, Chebanse, IL 60922
    View details
    Bar and Restaurant Opportunity
    $120,000
    1,500 SF

    Bar and Restaurant Opportunity

    Remodeled bar and restaurant with gaming in a prime location.

    141 S Chestnut Street, Chebanse, IL 60922
    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.

    Bourbonnais Commercial Land For Sale
    $109,000
    2.00 Acres

    Bourbonnais Commercial Land For Sale

    2 acres of commercial land in Plum Creek Plaza.

    lot briarcliff Lane, Bourbonnais, IL 60914
    View details
    Commercial Lot with High Visibility
    $150,000
    4.72 Acres

    Commercial Lot with High Visibility

    Corner commercial lot in high-traffic area, ideal for development.

    Lot 11 East Mississippi Avenue, Elwood, IL 60421
    View details
    Historic Commercial Structure in Gilman
    $195,000

    Historic Commercial Structure in Gilman

    Oldest commercial building in Gilman, suitable for various businesses.

    203 W 2nd Street, Gilman, IL 60938
    View details
    2.91 Acres Corner Location
    Contact for pricing
    2.91 Acres

    2.91 Acres Corner Location

    2.91 acres in Will County, corner location, industrial park.

    Lot 1 West Stuenkel Road, University Park, IL 60484
    View details

    Kankakee, IL Restaurants Investment Opportunities Market Analysis

    Explore 1 restaurants for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 1,100 square feet of properties for sale, with an estimated market value of $125,000.

    Sale prices for restaurant properties in Kankakee, IL start at $125,000, averaging $125,000, and reaching up to $125,000 — 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

    Conventional restaurants 1

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    60901 $125K

    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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