Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bolingbrook Commercial Redevelopment Opportunity Title is generated by Realmo AI

    450 LILY CACHE Lane, Bolingbrook, IL 60440

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    LAND - Bolingbrook, IL

    Lot size:
    3.81 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    111
    Last Refresh:
    May 18 at 10:06 pm

    Property Features for 450 LILY CACHE Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    1202151060250000
    Lot size
    3.81 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    15393

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Saieshwar Chikoti

    Listing agent Saieshwar Chikoti

    Listing office RE/MAX Top Performers 124 N Waukegan Road, Lake Bluff, IL

    Listing date Jan 27, 2026

    MLS# 12548988 Listing URL

    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.

    HighLights

    • High‑visibility location at a signalized intersection with approximately 22,000 vehicles per day.
    • Directly across from Bolingbrook High School (approx. 3,548 students and staff) ensuring consistent daily traffic.
    • Versatile site suitable for fast‑food, retail, or other commercial uses.
    • Flexible development options: partially improved with an existing car wash and vacant land.
    • Convenient access from both Lily Cache and Schmidt Road.
    • Opportunity to purchase the entire site or either portion separately.

    Overview

    This commercial redevelopment opportunity is located at a highly visible, signalized intersection with traffic exposure of approximately 22,000 vehicles per day. The site offers potential for fast-food, retail, or other commercial uses and features access from both Lily Cache and Schmidt Road. Positioned directly across from Bolingbrook High School, serving approximately 3,548 students and staff, the property benefits from consistent daily traffic and consumer visibility. The parcel, located in Bolingbrook, Illinois, is partially improved, featuring an existing car wash on one portion, while the remaining portion is vacant land, offering development options. The lot size is 3.81 acres. Buyers may purchase the entire site or acquire either portion separately, making this an opportunity for owner-users, investors, or developers seeking a location with strong fundamentals. The zoning is COMMR.
    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 Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.0859842
    Latitude
    41.6913273

    Nearby Similar for Sale

    • $1,999,900
      14,560 SF

      Bolingbrook Commercial Investment Opportunity

      Well-maintained commercial property on Boughton Rd with high traffic.
      402 W Boughton Road, Bolingbrook, IL 60440
      View Details
    • $500,000

      Bolingbrook Commercial Property for Sale

      Unique property in Bolingbrook suitable for residential or community use.
      308 W Robinhood Way, Bolingbrook, IL 60440
      View Details
    • $449,900

      Bolingbrook Commercial Land For Sale

      0.88 acre commercial land available in Bolingbrook, Illinois.
      402 W Boughton Road, Bolingbrook, IL 60440
      View Details
    • $13
      35,010 SF

      Bolingbrook Office Space Available

      Office space for lease in Bolingbrook, Illinois.
      440 Quadrangle Dr, Bolingbrook, IL 60440-3454
      View Details
    • $2,650,000
      7,656 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with long-term tenancy and abundant parking.
      270 N Bolingbrook Dr, Bolingbrook, IL
      View Details
    • $2,975,000
      7 SF

      Bolingbrook Land Tract For Sale

      7.59-acre land tract at I-355 and Boughton Road corridor.
      620-640 E Boughton Road, Bolingbrook, IL 60440
      View Details
    • $4,734,000

      Bolingbrook Retail Property For Sale

      Retail property available for purchase in Bolingbrook, Illinois.
      1281 115th Street, Bolingbrook, IL 60490
      View Details
    • $2,058,000
      6,300 SF

      Retail Space Near Regional Mall

      Retail space with a new 10-year lease and rental increases.
      704 Janes Ave, Bolingbrook, IL 60440
      View Details
    • $4,734,000
      10,000 SF

      Bolingbrook Retail Space For Sale

      10,000 SqFt retail space with 6.80% CAP rate.
      1281 115th Street, Bolingbrook, IL 60490
      View Details
    • Contact for pricing
      55,000 SF

      Bolingbrook Industrial/Flex Building For Sale

      55,000 SF industrial/flex building in Bolingbrook, Illinois.
      6 Territorial Ct, Bolingbrook, IL
      View Details
    • Contact for pricing
      74,047 SF

      Senior Housing LIHTC Property

      105-unit senior housing property with LIHTC and HAP agreements.
      265 Lakeshore Drive, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      10 SF

      Bolingbrook Land with B2 Zoning

      Prime commercial land near I-355 and Promenade Bolingbrook.
      E Boughton, Bolingbrook, IL 60440
      View Details

    FAQs

    What type of property is this?
    Car wash - Prime commercial land with redevelopment potential in Bolingbrook, Illinois.
    Where is this car wash located?
    The property is located at 450 LILY CACHE Lane Bolingbrook, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High‑visibility location at a signalized intersection with approximately 22,000 vehicles per day.; Directly across from Bolingbrook High School (approx. 3,548 students and staff) ensuring consistent daily traffic.; Versatile site suitable for fast‑food, retail, or other commercial uses.
    (847) 295-0800
    We can help!
    Listing Contact
    Saieshwar Chikoti
    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
    450 LILY CACHE Lane, Bolingbrook, IL 60440
    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!