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    Greg Leutloff, Bourbonnais, IL

    License ID: 475122665
    McColly Bennett Real Estate
    Years of Experience
    22

    Service Locations

    Contact details

    Phone:
    (815) 929-9381

    Performance

    Listings
    25
    Total transactions
    74
    Total transactions amount
    $34M
    Price range
    $306k - 689k
    Average price
    $459k

    Listings

    For Sale (11)

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    • $124,900

      Route 50 Commercial Land - Manteno, IL

      High-traffic location, ideal for development.
      0 Rte 50, Manteno, IL 60950
      View Details
    • $450,000
      4.11 Acres

      Manteno Commercial Land - 4.11 Acres

      Prime Commercial Land, I-57 Access
      0 6000N Rd, Manteno, IL 60950
      View Details
    • $950,000
      900 SF

      Bourbonnais Mixed-Use Investment Opportunity

      High-yield, 3-house, tree service property.
      777 Convent St, Bourbonnais, IL 60914
      View Details
    • $80,000

      Manteno Commercial Land - $80K

      Prime 200x250ft Commercial Lot
      0 Cook St, Manteno, IL 60950
      View Details
    • $249,900
      0.65 Acres

      Lakeland Industrial Land Lease

      Two-acre industrial lot, prime location.
      0 Us-45, Bourbonnais, IL 60914
      View Details
    • Contact for pricing

      Bradley Shopping Center Investment

      Prime Retail Center, High Traffic Area, IL
      109B Village Sq, Bradley, IL 60915
      View Details
    • $299,000
      4.85 Acres

      Bourbonnais Multifamily Land

      4.85 Acres, R-5 Zoning, $299K
      @ Exeter Turn William Latham Dr, Bourbonnais, IL 60914
      View Details
    • $219,000

      Land Available in Bourbonnais, IL

      Land for sale in Bourbonnais, Illinois.
      1299 S 52, Bourbonnais, IL
      View Details
    • $950,000

      Land For Sale Bourbonnais, IL

      Land available for sale in Bourbonnais, Illinois.
      777 N Convent St, Bourbonnais, IL 60914
      View Details
    • $1,200,000

      Land For Sale Manteno, IL

      Land available for purchase in Manteno, Illinois.
      1094 Beauchamp Ave, Manteno, IL 60950
      View Details
    • $289,900

      Versatile Commercial Building with Patio

      3,000 SF commercial building suitable for various business ventures.
      1010 W Broadway St, Bradley, IL 60915
      View Details

    For Lease (14)

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    • $185 SF/Yr
      1,400 SF

      Bourbonnais Office Suite - 1400 SF

      Prime Bourbonnais Office Space, High Traffic Location
      1511 Convent St, Bourbonnais, IL 60914
      View Details
    • $14 SF/Yr
      3,600 SF

      Retail Space in Village Square

      Retail property available for lease in Bradley, Illinois.
      111-112 Village Sq, Bradley, IL 60915
      View Details
    • Contact for pricing
      1,800 SF

      Office Space in Bradley, IL

      Office space available for rent in Bradley, Illinois.
      525 E St N, Bradley, IL
      View Details
    • $20 SF/Yr
      1,209 SF

      Retail Space in Bradley, IL

      Retail space available for lease in Bradley, Illinois.
      900 N Kinzie Ave, Bradley, IL 60915
      View Details
    • $17 SF/Yr
      1,386 SF

      Retail Space in Bourbonnais, IL

      Retail space available for lease in Bourbonnais, Illinois.
      171 E Bethel Dr, Bourbonnais, IL 60914
      View Details
    • $17 SF/Yr
      2,250 SF

      Bourbonnais Retail Space Available

      Retail space available for lease in Bourbonnais, Illinois.
      902 N Convent St, Bourbonnais, IL 60914
      View Details
    • $12 SF/Yr
      19,000 SF

      Bradley Retail Space Available

      Retail space available for lease in Bradley, Illinois.
      1192-1198 N Kinzie Ave, Bradley, IL 60915
      View Details
    • $9 SF/Yr
      14,108 SF

      Retail Space in Village Square

      Retail space available for lease in Bradley, Illinois.
      113 Village Sq, Bradley, IL 60915
      View Details
    • Contact for pricing
      8,160 SF

      Bourbonnais Office Space Available

      Office space available for rent in Bourbonnais, Illinois.
      761 Main St NW, Bourbonnais, IL 60914
      View Details
    • $18 SF/Yr
      2,400 SF

      Retail Property in Thriving Area

      2,400 SF retail space with excellent visibility and ample parking.
      1196-1250 N Kinzie Ave, Bradley, IL 60915
      View Details
    • $15 SF/Yr
      1,800 SF

      Monee Industrial Space Available

      Industrial property with 1800 square feet available for rent.
      6320 W Bruns Rd, Monee, IL 60449
      View Details
    • $14 SF/Yr
      3,600 SF

      Retail Space in Village Square

      Retail space available for lease in Bradley, Illinois.
      109 C Vlg Sq, Bradley, IL
      View Details
    • $17 SF/Yr

      Class A Medical Office Space

      Medical office space for lease on William Latham Drive.
      475 Brown Blvd, Bourbonnais, IL 60914
      View Details
    • $14 SF/Yr

      Retail Space in Village Square

      Retail space for lease in a well-located shopping center.
      109B Village Sq, Bradley, IL 60915
      View Details

    Leases and Sales on Map

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    • For Lease

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    Greg Leutloff, Bourbonnais, IL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Greg Leutloff, Bourbonnais, IL
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