Multi-Unit Office
For Sale
$1,999,900
402 W Boughton Road, Bolingbrook, IL 60440
Commercial Sale, Bolingbrook, IL
Property Size14,560 SF
Lot Size3.58 Acres
Price / SF$137.36
Days on Market296
Property Features for 402 W Boughton Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Directions
West of 53 (1.2 miles west) to 402 W Boughton Rd (North side of Boughton)
Subdivision
Bolingbrook
Standard status
Active
APN
1202101000460000
Lot size
3.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
33937
Utilities
Cooling system
Central Air
Amenities
separate entrances
gas forced heating
central air
private restrooms
unfinished basement
Building Details
Year built
1974
Floors in Building
1
Number of units
12
Building materials
Brick, Concrete, Steel Siding, Cedar
Roof type
Composition
Listing Agency:
RE/MAX Professionals · RE/MAX International
Listed By:
Edward Lukasik
(630) 759-2850
Added: Dec 13, 2025
Changed: Aug 20
Last Checked: Oct 5 at 3:06PM
MLS# 12532457
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes two ranch-style buildings with 12 units and 12,400 rentable square feet within 14,560 total building square feet. Each suite has its own entrance, utilities, private restroom, gas-forced heating, and central air. The buildings use brick, cedar, concrete, and steel siding construction. Building 2 at 404 W Boughton Road includes an unfinished basement area that can provide storage space.
The property occupies a 1.8-acre site along Boughton Road, where the reported traffic count exceeds 30,000 vehicles per day. An expansive parking lot serves the buildings, and the parking surface was resurfaced in 2018. OFFIC zoning and the multi-suite configuration support use as an office complex, business headquarters, business center, or owner-user facility. The property was built in 1974.
The property occupies a 1.8-acre site along Boughton Road, where the reported traffic count exceeds 30,000 vehicles per day. An expansive parking lot serves the buildings, and the parking surface was resurfaced in 2018. OFFIC zoning and the multi-suite configuration support use as an office complex, business headquarters, business center, or owner-user facility. The property was built in 1974.
Key Highlights
- Two office buildings contain 12 units and 12,400 rentable SF
- 14,560 total building SF on a 1.8‑acre site
- Suites include separate entrances, utilities, private restrooms, gas‑forced heat, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,912
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,498,240
$3.5M
Cap Rate 7%
$2,498,743
$2.5M
Cap Rate 9%
$1,943,467
$1.9M
Market Conditions
NOI Build-Up for 14,560 SF
Gross rent
$328.5K $22.56/SF
− Vacancy
−$95.3K −$6.54/SF
EGI
$233.2K $16.02/SF
− OpEx
−$58.3K −$4.00/SF
NOI
$174.9K $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%
$3,498,240
Cap Rate 7%
$2,498,743
Cap Rate 9%
$1,943,467
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $174,912 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,155 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
650
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Ranch-style suites offer private entrances, restrooms, independent utilities, gas-forced heat, and central air.
Where is this office building located?
The property is located at 402 W Boughton Road Bolingbrook, IL.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Two office buildings contain 12 units and 12,400 rentable SF; 14,560 total building SF on a 1.8‑acre site; Suites include separate entrances, utilities, private restrooms, gas‑forced heat, and central air
