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    511 North St Bradley, IL 60915

    For Sale
    $1,700,000

    21,600 SF Multi-Tenant Office, 2.75 Acres

    Property size:
    21,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a 21,600 square foot multi-tenant commercial/retail building situated on a generous 2.75-acre lot in Bradley, Illinois. Located on North Street, a major thoroughfare, this property boasts excellent visibility and accessibility. Ample parking is available for tenants and customers, complemented by prominent signage opportunities. The building features a comprehensive wet-sprinkler fire suppression system, ensuring safety and peace of mind. Currently configured as seven individual units, this property is ideal for an investor seeking rental income or a business owner looking to combine owner-occupied space with additional revenue streams from leasing the remaining units. A significant renovation and update were completed in 2019, ensuring the building is in excellent condition. Detailed financial information is available upon request, allowing potential buyers to thoroughly assess the investment potential. The property's central location and versatile layout make it an attractive option for a wide range of businesses and investors. Individual unit lease details are available through separate MLS listings. This is a prime opportunity to acquire a well-maintained, high-visibility commercial property in a thriving location.

    Property Features for 511 North St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    21,600 SF
    Lot Size
    119,790 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Hospice Dreams Hospice

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradley
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.85529
    Latitude
    41.14853

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    FAQs

    What type of property is this?
    Office Property / Space - 21,600 SF Multi-Tenant Office, 2.75 Acres
    Where is this office property / space located?
    The property is located at 511 North St Bradley, IL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (815) 929-9381
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    511 North St Bradley, IL 60915
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    Bradley, IL 60915
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    511 North St Bradley, IL 60915
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