Single-Story Multi-Tenant Office
For Sale
Contact for pricing
270 Remington Blvd, Bolingbrook, IL 60440
Fully leased, professionally managed single-story office with five tenants and an NNN leasing structure.
Property Size46,721 SF
Price / SF$139.02
Days on Market1112
Property Features for 270 Remington Blvd
General Information
Standard status
Active
Size
46,721 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Stories
1
Tenancy
Multi
Listing Agency:
Sperry Commercial | Chicago
(312) 402-3283
Listed By:
Michael Williamson · License ##475.161622
(847) 732-0504
Source:
Moodyscre
Added: Oct 11, 2023
Changed: Oct 25
Last Checked: Oct 24 at 7:25PM
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 Sperry Commercial | Chicago
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Investment Insights
Based on property information with market context.
270 Remington is a fully-leased, single-story, multi-tenant office investment property with five tenants totaling 46,721 square feet. The building is professionally managed and maintained and is described as being in impeccable condition. Remington is one of two buildings on a 9.7-acre property, and the offering is structured on an NNN leasing basis, with zero common area loss factor.
The property is located in Will County directly off I-55 and IL-53, with easy access to interstate arteries including I-355. The campus is positioned for straightforward access for current and incoming tenancy. The property also notes curb appeal and a signage opportunity.
Most recently, in January, Amazon purchased a site for a future development distribution center less than a mile from the subject property. Tenancy is described as having consistent historical velocity within the Chicagoland submarket.
The property is located in Will County directly off I-55 and IL-53, with easy access to interstate arteries including I-355. The campus is positioned for straightforward access for current and incoming tenancy. The property also notes curb appeal and a signage opportunity.
Most recently, in January, Amazon purchased a site for a future development distribution center less than a mile from the subject property. Tenancy is described as having consistent historical velocity within the Chicagoland submarket.
Key Highlights
- Fully leased, single‑story multi‑tenant office investment with 5 tenants totaling 46,721 SF.
- NNN leasing structure; property professionally managed and maintained, reported in excellent condition.
- 9.7‑acre site with two buildings; Remington is one of the two buildings on the campus.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$561,269
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,225,380
$11.2M
Cap Rate 7%
$8,018,129
$8.0M
Cap Rate 9%
$6,236,322
$6.2M
Market Conditions
NOI Build-Up for 46,721 SF
Gross rent
$1.05M $22.56/SF
− Vacancy
−$305.7K −$6.54/SF
EGI
$748.4K $16.02/SF
− OpEx
−$187.1K −$4.00/SF
NOI
$561.3K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,225,380
Cap Rate 7%
$8,018,129
Cap Rate 9%
$6,236,322
Alternative Uses
Best Use
Office B
$8.02M
$7.02M – $9.35M
NOI $561,269 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.60M
$9.27M – $12.36M
NOI $741,743 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased, professionally managed single-story office with five tenants and an NNN leasing structure.
Where is this office building located?
The property is located at 270 Remington Blvd Bolingbrook, IL.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Fully leased, single‑story multi‑tenant office investment with 5 tenants totaling 46,721 SF.; NNN leasing structure; property professionally managed and maintained, reported in excellent condition.; 9.7‑acre site with two buildings; Remington is one of the two buildings on the campus.
