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    Kankakee, IL
    Shopping Center

    Kankakee, IL Shopping Centers for Sale

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    Bradley, IL Bourbonnais, IL Saint Anne, IL Chebanse, IL Manteno, IL Momence, IL Grant Park, IL Pembroke Township, 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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    Multi-Tenant Shopping Center
    Updated: Apr 11
    Multi-Tenant Shopping Center

    1 MEADOWVIEW CENTER, Kankakee, IL 60901

    Contact for pricing
    139,112 square feet across 31.86 acres
    Three inline multi‑tenant buildings plus three outlot components
    77% occupied with 23 in‑place leases; 21 are net leases
    Planet Fitness occupies 20,643 square feet with lease term into 2026
    Approximately 43,000 VPD exposure along Kennedy Drive near 5th Avenue
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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

    Contact for pricing
    9,782 sqft

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

    View details
    Multi-Tenant Retail Shopping Center
    Multi-Tenant Retail Shopping Center

    100-196 West Illinois Highway, New Lenox, IL 60451

    Contact for pricing

    Signalized-corner retail center with established tenants, pylon signage, and surface parking near major regional retailers.

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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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    All-Brick Corner Retail Plaza
    All-Brick Corner Retail Plaza

    1005 West Laraway Road, New Lenox, IL 60451

    Contact for pricing

    Single-story, all-brick retail plaza with eight units and six current tenants, anchored by extensive shared parking at a busy corner.

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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.

    Fenced Commercial Land
    Fenced Commercial Land

    24306 S Governors Highway, Monee, IL 60449

    $999,000
    8.73 AC lot

    Commercially zoned land with dual-highway access, perimeter fencing, and prepared ground for future development.

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    B-2 Commercial Development Land
    B-2 Commercial Development Land

    13500 Morse Street, Cedar Lake, IN 46303

    $450,000
    2.35 AC lot

    B-2-zoned commercial land with public water and sewer service.

    View details
    B-2 Commercial Development Land
    B-2 Commercial Development Land

    13500 Morse Street, Cedar Lake, IN 46303

    $450,000
    2.35 AC lot

    B-2-zoned commercial land with public water and public sewer access.

    View details
    Commercial Development Land
    Commercial Development Land

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

    View details

    Kankakee, IL Shopping Centers Market Trends and Statistics

    Explore 2 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 4
    Auto shops 3
    Automotive properties 3
    Shopping centers 3
    Grocery and convenience stores 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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