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    581 William R Latham Sr Dr Bourbonnais, IL 60914

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    For Lease
    $22 SF/Yr

    20,000 SF office space ideal for medical or professional offices.

    Property size:
    20,000 SF
    Lot size:
    5.19 Acres

    Property Features for 581 William R Latham Sr Dr

    General Information

    Size
    20,000 SF
    Lot size
    5.19 Acres

    Source: McColly Bennett Real Estate Agent Peter Liberti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bourbonnais Office Space Available

    This 20,000 square foot office space in Bourbonnais, Illinois, features an open floor plan with ample natural light. The space is fully built out with high-quality office furniture and can accommodate between 9 and 160 people. It is suitable for medical or professional offices. Additional land of approximately 1.7 acres is available. The lease rate excludes utilities, property expenses, and building services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.879597
    Latitude
    41.163304

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    FAQs

    What type of property is this?
    Office space - 20,000 SF office space ideal for medical or professional offices.
    Where is this office space located?
    The property is located at 581 William R Latham Sr Dr Bourbonnais, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Ideal for medical or professional offices; - Fully built out with high quality office furniture; - Open floor plan that offers lots of natural light
    (630) 263-1118
    Request Owner's contact information
    581 William R Latham Sr Dr Bourbonnais, IL 60914
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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
    581 William R Latham Sr Dr Bourbonnais, IL 60914
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