Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Braidwood Commercial Building on Main Title is generated by Realmo AI

    146 E Main Street, Braidwood, IL 60408

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    1600 sq ft commercial building on busy Main Street.

    Type:Commercial/Industrial
    Property size:
    2,000 SF
    Price / SF:
    $75/SF
    Added:
    Mar 12, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 146 E Main Street

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Lori Bonarek

    Listing agent Lori Bonarek License #471022278

    Listing office Lori Bonarek Realty

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Lori Bonarek Realty

    HighLights

    • Prime location on busy Main Street with high visibility and foot traffic.
    • 1,600 sq. ft. commercial building suitable for retail or office space.
    • Flexible space customization thanks to no interior load‑bearing walls.
    • Includes three PINs, offering expansion or development potential.
    • Ideal for establishing or expanding a business.
    • Year Built: 1900

    Overview

    This 1,600 sq. ft. commercial building is positioned on busy Main Street in Braidwood, offering visibility and foot traffic. The property is suitable for a retail shop, office space, or a new venture. The building has no interior load bearing walls. The property includes three PINs, presenting an opportunity for expansion or future development. The property size is 2000 sqft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Braidwood
    County
    Will
    State
    Illinois
    Longitude
    -88.2184
    Latitude
    41.2648

    Nearby Similar for Sale

    • $150,000
      1,600 SF

      Braidwood Commercial Building on Main

      1,600 sq ft commercial building on Main Street in Braidwood.
      146 E Main Street, Braidwood, IL 60408
      View Details
    • $1,400,000
      14,835 SF

      New Self-Storage Facility For Sale

      New construction self-storage facility in Braidwood, Illinois.
      1120 W Kennedy Rd, Braidwood, IL 60408
      View Details
    • Contact for pricing

      47 Acres Near I-55 Interchange

      47 acres with commercial or industrial potential near I-55.
      Coal City Rd, Braidwood, IL
      View Details
    • $20,000

      Braidwood Land For Sale

      Land lot available in Braidwood, Illinois.
      177 E Eureka St, Braidwood, IL
      View Details
    • Contact for pricing
      11,610 SF

      Braidwood Industrial Warehouse for Lease

      Industrial warehouse with highway visibility and convenient interstate access.
      1725 S Will Rd, Braidwood, IL
      View Details
    • $1,950,000
      7,500 SF

      Manufacturing Space with I-55 Frontage

      7,500 SF manufacturing space with I-55 frontage for sale.
      151 S Will Rd, Braidwood, IL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1600 sq ft commercial building on busy Main Street.
    Where is this commercial land located?
    The property is located at 146 E Main Street Braidwood, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Prime location on busy Main Street with high visibility and foot traffic.; 1,600 sq. ft. commercial building suitable for retail or office space.; Flexible space customization thanks to no interior load‑bearing walls.
    (815) 518-2300
    We can help!
    Listing Contact
    Lori Bonarek
    Real Estate License ID: 471022278
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    146 E Main Street, Braidwood, IL 60408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!