Kankakee, IL Retail Properties & Spaces for Sale

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Bradley, IL Bourbonnais, IL St Anne, IL Manteno, IL Chebanse, IL Bonfield, IL Custer Park, IL Momence, IL

8 properties

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Updated: Aug 7, 2025

Kankakee Redevelopment Opportunity

590 S Washington Avenue, Kankakee, IL 60901

$125,000

1,100 sqft 0.30 AC lot

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.

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This listing looks promising.

Here's a quick look at some key insights for

590 S Washington Avenue, Kankakee, IL 60901

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Est. Cap Rate

6.7%
Above avg (5.9%)
Est. NOI

$8K
Annual
Price @ 7% Cap

$119K
Suggested
Last Sold

Jul 2021
$621K

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Updated: May 8

Former Bank Branch For Sale

101 Meadowview Center, Kankakee, IL 60901

$500,000

7,231 sqft

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.

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Turnkey Truck Repair & Parking Facility

1781 E Risser St., Kankakee, IL 60901

$2,400,000

160,000 sqft 8.00 AC lot

8-acre industrial property with repair facilities and ample parking.

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Downtown Kankakee Commercial Building For Sale

217 E Court Street, Kankakee, IL 60901

$99,900

7,200 sqft

7,200 SF commercial building in the heart of Downtown Kankakee.

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Storefront Retail Property

242 W Jeffery Street, Kankakee, IL 60901

$560,000

For-sale storefront retail property suited for convenience and grocery-style uses.

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Retail Property in Kankakee, IL

793-797 N 5th Ave, Kankakee, IL

$249,900

5,200 sqft 0.17 AC lot

Retail property available for sale in Kankakee, Illinois.

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Storefront Retail Property

354 S East Avenue, Kankakee, IL 60901

$196,900

For sale storefront retail property located on South East Avenue in Kankakee, Illinois.

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Bank Branch with Drive-Through

1370 W Court St, Kankakee, IL 60901

$369,000

Prime location equipped for bank or adaptable for retail.

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 8 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

Fully Leased Retail Center

507 N CONVENT ST, Bourbonnais, IL 60914

$2,185,000

9,782 sqft

Investment-ready retail center with 100% leased occupancy within the Chicago MSA.

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Bourbonnais Commercial Property For Sale

1321 N Arthur Burch Drive, Bourbonnais, IL 60914

$560,000

4,900 sqft

Commercial property with two buildings in high-traffic location.

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Two-Building Retail Property

335-339 S Kennedy Dr, Bradley, IL 60915

Contact for pricing

Two retail buildings on a concrete slab foundation include a single-tenant building and a three-unit building with a bump out.

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Retail Space in Village Square

109B Village Square, Bradley, IL 60915

Contact for pricing

Retail space available in a well-located shopping center.

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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.

Commercial Land Ready For Development

280 East 9000N Road, Manteno, IL 60950

$3,370,500

32.00 AC lot

32+/- acre commercial land with excellent location and utilities.

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High-Frontage Commercial Land

RT 53 Highway, Wilmington, IL 60481

$399,800

15.00 AC lot

Commercial land with utilities available and substantial frontage on RT 53 to support a range of roadside businesses.

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Commercial Land with Billboards

625 W Baltimore Street, Wilmington, IL 60481

$349,000

0.67 AC lot

Multi-lot commercial land in Wilmington with IDOT-permitted outdoor advertising along a heavily traveled corridor.

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Commercial Building on Main Street

146 E Main Street, Braidwood, IL 60408

$145,000

1,600 sqft 0.36 AC lot

1,600 sq ft commercial building on busy Main Street.

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Off-Market Properties in Kankakee, IL

Consider similar Off-Market properties in Kankakee, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Office Spaces

2155-239 Schuyler Ave, Kankakee, IL 60901

Value Estimation by Request

12,800 sqft

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Retail properties & Spaces

1 Meadowview Ctr, Kankakee, IL 60901

Value Estimation by Request

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Kankakee, IL Retail Properties & Spaces Market Trends and Statistics

Explore 10 retail properties & spaces for sale in Kankakee, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 180,731 square feet of properties for sale, with an estimated market value of $3,374,800.

Sale prices for stores in Kankakee, IL start at $99,900, averaging $674,960, and reaching up to $2,400,000 — 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

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	$593.7K

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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