5986 E State Route 17 Highway
Kankakee, IL, 60901 $ 425,000
Bedrooms-- Baths-- Sq 4,200 Monthly Estimate*
$ 2,683
for $425,000. This 4,200 square foot building was built on a lot size of 0.387006.
Income-Producing Mixed-Use Commercial Property * 2 Apartments * Outdoor Entertainment Space * Additional Building * High-Visibility Route 17 Location A unique opportunity to own a well-cared-for and recently improved mixed-use commercial property along Illinois Route 17 in Kankakee. What truly sets River Rock apart is the atmosphere the current owners have created. This is more than a traditional bar or commercial building - it has been developed into a warm, welcoming, family-feeling neighborhood gathering place where customers can relax, enjoy themselves, meet friends and neighbors, and feel a genuine sense of community. The inviting interior, entertainment areas, comfortable seating, outdoor gathering space and neighborhood character all work together to create a place where people don't simply stop in - they feel at home. HIGH-VISIBILITY ROUTE 17 LOCATION The property benefits from prominent exposure along Illinois Route 17 with approximately 6,450 vehicles per day, based on the 2025 IDOT Annual Average Daily Traffic (AADT) count for the roadway segment serving the property. The location is also approximately 4 miles east of the I-57 Kankakee interchange, providing convenient access to Kankakee and surrounding communities. ESTABLISHED HOSPITALITY SPACE The main two-story building contains approximately 3,024 square feet on approximately 0.40 acre and features an established bar/tavern/lounge configuration with seating for approximately 41-50 guests. The commercial area features a functional kitchen and food-preparation space, bar and service areas, multiple televisions, seating and entertainment areas, giving a future owner an existing hospitality layout to build upon. A gaming/entertainment area is currently present within the establishment. Any gaming equipment, licenses, business assets or related rights included in a sale would be subject to verification and the final purchase agreement. AMAZING OUTDOOR ENTERTAINMENT SPACE One of the property's standout features is the large backyard entertainment and gathering area. The outdoor space includes a beer garden, stage/entertainment area, porch, rear deck and fenced gathering area, creating excellent possibilities for seasonal gatherings, private events, celebrations, live entertainment and other permitted activities.
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning COMMR
Stories Count 2
Tax Year 2025
Business Type Bar/Tavern/Lounge
County Kankakee
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Liquor License
Status New
Directions Rt 17 east to property
City Kankakee
MLS Area Kankakee
Lot Size Square Feet 16858
Tax Annual Amount 4427
Additional Parcels Y/N N
Standard Status Active
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ExteriorBuilding Area Total 4200
Lot Dimensions 123.45x140
Waterfront Y/N N
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* Excluded FeaturesList Byzlead@zrealty.group;zsandersrealtor@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,683
- Monthly Property Taxes
- $369
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Kankakee, IL
Average List Price $946,650
Percent of Sale Price 123%
About Kankakee, IL 25,835 Population
-8% Since 2002
$ 35,173 Median Income
35.04 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/17/2026 | $425,000 | | Listed Price |