Multi-Tenant Office
402 W Boughton Road Bolingbrook, IL 60440
402 W Boughton Road, Bolingbrook, IL, 60440
$1,999,900
For Sale
$1,999,900
Two brick-and-cedar ranch office buildings offer 12 units, each with separate entrances, utilities, HVAC, and private restrooms.
Property Size12,400 SF
Lot Size1.80 Acres
Price / SF$161.28
Days on Market222
Property Features for 402 W Boughton Road
General Information
- Standard status
- Active
- Size
- 12,400 SF
- Lot size
- 1.80 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing agency
RE/MAX Professionals
(630) 759-2850
Listed by
Edward Lukasik · License #471020258
(630) 759-2850
Source
Birdrealtysells
Added: Dec 13, 2025 Updated: Jul 22 at 9:22PM Checked: Jul 22 at 9:22PM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
The property includes two well-maintained brick and cedar ranch-style office buildings comprising 12 units with an additional .88-acre lot. Each unit has separate entrances, separate utilities, gas forced heating, central air, and private restrooms. BRAND NEW ROOFS were just installed. Building 2 also includes an unfinished basement area suited for storage.
The buildings are located along the Boughton Rd corridor, with a traffic count that exceeds 30,000 cars per day. The site provides an expansive parking lot and is set on a 1.8-acre lot. Parking lot resurfacing was completed in 2018.
With multiple separately served units, the configuration supports an owner-occupant layout or continued tenancy within an office complex. Additional expansion possibilities are referenced in the offering.
The buildings are located along the Boughton Rd corridor, with a traffic count that exceeds 30,000 cars per day. The site provides an expansive parking lot and is set on a 1.8-acre lot. Parking lot resurfacing was completed in 2018.
With multiple separately served units, the configuration supports an owner-occupant layout or continued tenancy within an office complex. Additional expansion possibilities are referenced in the offering.
Key Highlights
- 1974‑built brick and cedar ranch office buildings with 12 units across 12,400 rentable SF (14,560 total SF)
- Each unit has separate entrances, utilities, gas forced heating, central air, and private restrooms
- Brand new roofs just installed; roofs were approximately 13 years old and parking lot resurfaced in 2018
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.7k | $22.56 |
| − Vacancy | −$81.1k | −$6.54 |
| EGI | $198.6k | $16.02 |
| − OpEx | −$49.7k | −$4.00 |
| NOI | $149.0k | $12.01 |
12,400 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $148,964 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,862 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two brick-and-cedar ranch office buildings offer 12 units, each with separate entrances, utilities, HVAC, and private restrooms.
Where is this office units 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: 1974‑built brick and cedar ranch office buildings with 12 units across 12,400 rentable SF (14,560 total SF); Each unit has separate entrances, utilities, gas forced heating, central air, and private restrooms; Brand new roofs just installed; roofs were approximately 13 years old and parking lot resurfaced in 2018
