Kankakee, Convenience Store, Hits the Market at $250,000 as a, Business-Only Sale
A convenience store in Kankakee, Illinois is up for sale, and the listing centers on the business itself rather than the building it occupies. That distinction shapes the entire decision. You are buying an operating store, its goodwill, and its inventory — not the real estate.
The listing comes from Ned Malley of Infiniti Properties Inc., a broker marketing the store to prospective owners and investors. Here is what the flyer shows, and what you should confirm before you commit.
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The Location and Setting
The store is located in the City of Kankakee, Kankakee County, Illinois, within ZIP code 60901. Kankakee sits roughly an hour south of Chicago along the Kankakee River, and it serves as the county seat.
The flyer describes the store as a local, independently owned convenience store and supermarket and a known convenience hub for daily essentials in the area. It also highlights an average daily traffic count of 24,800 vehicles per day (vpd).
That figure describes the traffic near the location, not confirmed customer volume, so treat it as a measure of exposure rather than sales.
The Business Opportunity
This is a business-only sale. You acquire the running operation and its established customer base, not the land or the structure. For a buyer who wants to step into an active store rather than build one from scratch, this can shorten the setup timeline.
One detail is stated plainly: the store does not sell liquor. Depending on your plans, that reads two ways. It may point to an untapped revenue category, or it may simply reflect the store’s current product mix. Either interpretation depends on licensing, local rules, and your own goals.
Pricing: What the Sale Costs
The asking price is $250,000 for the business, plus the cost of inventory. In plain terms, the $250,000 covers the intangible value of the established operation — its goodwill, name, and location. The inventory on hand is priced separately and added on top.
The exact inventory figure is not listed. That number can shift with stock levels at closing, so plan for it as a variable rather than a fixed line item.
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Reported Sales and Mark-Up
The listing reports annual sales of $720,000, with a 50–60% mark-up.
Read both numbers carefully. The $720,000 describes gross sales, not profit. The 50–60% mark-up describes the pricing spread on goods, which is not the same as your net margin after rent, labor, utilities, and other costs. These figures give you a starting point for analysis, not a verified income statement.
Monthly Rent
The flyer lists a monthly rent of $3,000 per month.
Because rent is one of your largest fixed costs, confirm the full lease terms before you rely on this number.
Ask how long the lease runs, whether the rate escalates, what the tenant pays beyond base rent, and what happens at renewal. A stated rent figure only tells you part of the occupancy picture.
What Is Included in the Sale
Based on the listing, the sale includes:
- The established convenience store and supermarket business, including its goodwill
- The store’s inventory, priced separately at cost
- The existing customer base and local presence
The flyer does not detail equipment, fixtures, licenses, or specific lease conditions. Those items are common points to confirm in writing during your review.
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Buyer Due-Diligence Considerations
A flyer gives you headline figures, not verified financials. Before you commit, work through the details that determine the real value of the deal.
- Verify the sales figures. Request point-of-sale reports, bank statements, and tax returns to confirm the reported $720,000 in annual sales.
- Separate sales from profit. The listing shows gross sales and mark-up, not net income. Ask for expense records to understand what the business actually keeps.
- Review the lease in full. Confirm the $3,000/month rent, the term length, renewal options, and any additional charges.
- Price the inventory separately. Get a current inventory count and valuation, since it is added on top of the $250,000.
- Check licenses and permits. Confirm which licenses transfer to you and which you must obtain as the new owner.
- Interpret the traffic count. The 24,800 vpd figure reflects vehicles passing by, not confirmed customers. Weigh it against actual sales data.
- Assess the “no liquor” note. If you plan to add liquor sales, confirm what local licensing and approvals that would require.
Each step helps you judge whether the asking price matches the actual operation.
Real Estate Contact Details
The listing asks interested parties to reach out by text message only. When you make contact, include your full name and email address.
- Ned Malley — Commercial & Residential Broker
- Infiniti Properties Inc.
- Cell (text only): 708-296-1295
- Email: nedmalley@aol.com
If this listing fits what you are looking for, the next step is to text Ned Malley with your name and email, then request the financial records and lease terms you will need to evaluate the deal.
