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    Kankakee, IL
    Shopping Center

    Kankakee, IL Shopping Centers for Sale

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    Bradley, IL Bourbonnais, IL St Anne, IL Manteno, IL Chebanse, IL Bonfield, IL Custer Park, IL Momence, IL
    Shopping Center with Value-Add Lease-Up
    Updated: Apr 11
    Shopping Center with Value-Add Lease-Up

    1280 Kennedy Dr, Kankakee, IL 60901

    Contact for pricing
    133,157 sqft 15.14 AC lot
    Fee‑simple sale of “The Shoppes at Meadowview” on a 15.14‑acre site with 133,157 SF of retail space
    Currently 66.7% occupied, leaving vacancy for lease‑up to add value
    Retail shopping center in Kankakee, IL listed as less than 60 miles from downtown Chicago
    Attractive in‑place financing can be assumed: loan originated in 2021 with original funding of $4,450,000
    Below‑market 4% rate through 11/18/2026, then resets to 325 bps over the five‑year treasury; loan amortizes on a 25‑year schedule
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Fully Leased Retail Center
    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.

    View details
    Grocery Anchored Retail Center
    Grocery Anchored Retail Center

    21164 S La Grange Road |, Frankfort, IL 60423

    Contact for pricing
    1 sqft

    Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.

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    Frankfort Retail Investment Opportunity
    Frankfort Retail Investment Opportunity

    9500 W Lincoln Highway, Frankfort, IL 60423

    $3,100,000
    11,100 sqft 1.07 AC lot

    Well-maintained retail property in Frankfort with high traffic and exposure.

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    NNN Retail Investment Shops
    NNN Retail Investment Shops

    2070 N. State Rte 50, Bourbonnais, IL 60914

    Contact for pricing

    Newly constructed, 4-tenant NNN retail property on State Highway 50 with 10-year leases and end-cap drive-thru.

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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.

    Monee Land at Cicero Junction
    Monee Land at Cicero Junction

    24306 S Governors Highway, Monee, IL 60449

    $999,000
    8.73 AC lot

    8.73 acres of commercially zoned land near I-57.

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    Commercial Land in Crete, Illinois
    Commercial Land in Crete, Illinois

    S Country Lane lot: 14, Crete, IL 60417

    $55,000
    1.01 AC lot

    1.01 acre commercial lot with B4 zoning near I-394.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    A 2.53-acre commercial-zoned parcel suitable for neighborhood-oriented retail or service development.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    13500 Morse Street, Cedar Lake, IN 46303

    $450,000
    2.35 AC lot

    2.34-acre commercial land for development in Cedar Lake, Indiana.

    View details

    Kankakee, IL Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 133,157 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for plazas in Kankakee, IL start at $0.00, averaging $0.00, and reaching up to $0.00 — 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

    Storefront properties 3
    Automotive properties 2
    Banks 2
    Grocery and convenience stores 2
    Shopping centers 2

    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%

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