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    161 N Will Rd Braidwood, IL 60408

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    For Sale
    $399,000

    All-brick building with expansion potential near expressway.

    Property Features for 161 N Will Rd

    General Information

    Interior features
    Interior Feature 1, : "Natural Gas"

    Source: Village Realty Agent Sheila Strutz

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

    Overview

    Braidwood Multifamily Investment Opportunity

    This all-brick building in Braidwood presents an investment opportunity. It features two currently rented units with long-term tenants and space for two additional units. One area already has framing in place for a future build-out. The fourth structure, currently a pool room, offers potential to be converted into another apartment, creating a full 4-unit income property. The property includes a 4-car garage, ample parking, and a spacious backyard with added privacy. Its location is near the expressway, making it ideal for both tenants and commuters. This property offers upside and multiple revenue possibilities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Storage Facility Convenience Store Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Braidwood
    County
    Will
    State
    Illinois
    Longitude
    -88.2458285
    Latitude
    41.2658167

    Nearby Similar for Sale

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      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 60408
      View Details
    • $160,000
      2,000 SF

      Braidwood Main Street Commercial Building

      High-visibility Braidwood commercial space. Excellent location, high foot traffic.
      146 Main St, Braidwood, IL 60408
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    FAQs

    What type of property is this?
    Multifamily property - All-brick building with expansion potential near expressway.
    Where is this multifamily property located?
    The property is located at 161 N Will Rd Braidwood, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Income Property Potential: Two rented units with space to create two more, offering significant revenue upside.; - Durable all-brick building is low-maintenance.; - Convenient location: Seconds from the expressway, ideal for commuters.
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    Braidwood, IL 60408
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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
    161 N Will Rd Braidwood, IL 60408
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