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    1601-1605 N State Route 50 Bourbonnais, IL 60914

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    For Sale
    $4,817,000

    Multi-tenant retail property for sale in Bourbonnais, Illinois.

    Property size:
    7,300 SF
    Lot size:
    0.82 Acres

    Property Features for 1601-1605 N State Route 50

    General Information

    Size
    7,300 SF
    Lot size
    0.82 Acres

    Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

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

    Overview

    Bourbonnais Retail Investment Opportunity

    This multi-tenant investment opportunity is a retail property located in Bourbonnais, Illinois. The property has a size of 7,300 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Northfield Square Mall, Water Tower Plaza, Hollywood 22 Studio, Northfield Square

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.852147
    Latitude
    41.17386

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail property for sale in Bourbonnais, Illinois.
    Where is this shopping center located?
    The property is located at 1601-1605 N State Route 50 Bourbonnais, IL.
    What is the asking price?
    The asking price for this property is $4,817,000.
    What are key features of this property?
    This property features: - Multi-tenant investment opportunity
    (312) 972-7978
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    1601-1605 N State Route 50 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
    1601-1605 N State Route 50 Bourbonnais, IL 60914
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