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Single-Tenant Medical Office
For Sale
$4,500,000

391 S Bolingbrook Dr, Bolingbrook, IL 60440

Occupied medical office with a triple-net lease, scheduled escalations, and two renewal options.

Property Size8,050 SF
Lot Size1.62 Acres
Price / SF$559.01
Days on Market102

Property Features for 391 S Bolingbrook Dr

General Information

Standard status Active
Size 8,050 SF
Lot size 1.62 Acres
Property subtype Single-Tenant Office Medical
Occupancy 100%
Lease Type NNN

Site & Location

Highway Access Yes
Road Access Yes

Amenities

Lease Secured by a Corporate Guarantee
S&P Credit Rating: BB-
Two Remaining Five-Year Renewal Options / Two Percent Annual Rental Escalations

Building Details

Building Size 8,050 SF
Year Built 2002
Year Renovated 2009
Tenancy Single
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Frank Roti · License #License(s): IL: 475.139806
Source: Marcusmillichap
Added: Jun 16 Changed: Sep 20 Last Checked: Sep 24 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This single-tenant medical office property contains 8,050 square feet on a 1.62-acre parcel. Completed in 2002 and renovated in 2009, the building is occupied by Concentra Urgent Care, which provides urgent care and occupational health services. The lease is structured on a triple-net basis and includes annual rent increases, two additional five-year renewal options, and a corporate guarantee carrying an S&P rating of BB-.

The property is located at 391 S. Bolingbrook Drive in Bolingbrook, Illinois, along a commercial corridor with retail centers, restaurants, service businesses, and everyday amenities nearby. Regional access includes Interstate 55, Interstate 355, and Illinois Route 53, connecting the site with surrounding southwest suburban markets and the greater Chicago metropolitan area. Approximately 3 years and 8 months remain on the current lease term.

Key Highlights

  • 8,050‑square‑foot medical office on a 1.62‑acre parcel
  • Built in 2002 and renovated in 2009
  • Concentra Urgent Care occupies the property

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Cafe & Coffee Shop Gym & Fitness Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60440, IL

52,031
Population
17,750
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
3,446
Density / Sq Mi
$95,120
Median Household Income
$45,021
Median Earnings
$1,648
Median Rent
$262,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Agustin L Dennis DVM — 550 e s frontage rd # 3, bolingbrook, il 60440

Frequently Asked Questions

What type of property is this?
Medical Office Space - Occupied medical office with a triple-net lease, scheduled escalations, and two renewal options.
Where is this medical office space located?
The property is located at 391 S Bolingbrook Dr Bolingbrook, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 8,050‑square‑foot medical office on a 1.62‑acre parcel; Built in 2002 and renovated in 2009; Concentra Urgent Care occupies the property
More about this property
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