New Construction Residential Income
For Sale
$398,900
451 BUILDING 9 RIDGE Lane, Bolingbrook, IL 60440
Ranch-style townhomes are situated near expressways, shopping, golf courses, and restaurants.
Property Size1,468 SF
Price / SF$271.73
Days on Market148
Property Features for 451 BUILDING 9 RIDGE Lane
General Information
Standard status
Active
Size
1,468 SF
Property subtype
Townhouse-Ranch
Additional Details
Highway Access
Yes
Building Details
Building Size
1,468 SF
Year Built
2026
Construction
ranch
Listing Agency:
Olsick Realty, Inc.
(630) 947-6854
Listed By:
Timothy Olsick · License #471013075
(630) 257-7100
Source:
Thegloverteam
Added: Jun 7
Changed: Nov 1
Last Checked: Nov 1 at 1:46AM
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 Olsick Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this residential income property consists of ranch-style townhomes. Its recorded property size is 1,468.
The property is near major expressways, shopping, golf courses, and restaurants.
The property is near major expressways, shopping, golf courses, and restaurants.
Key Highlights
- Ranch‑style townhomes
- Year built: 2026
- Recorded property size: 1468
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,030
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
$340.6K
Cap Rate 7%
$243,286
$243.3K
Cap Rate 9%
$189,222
$189.2K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$33.3K $22.68/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$31.0K $21.09/SF
− OpEx
−$13.9K −$9.49/SF
NOI
$17.0K $11.60/SF
Area
Will County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,600
Cap Rate 7%
$243,286
Cap Rate 9%
$189,222
Alternative Uses
Best Use
Apartment 5plus
$243.3K
$212.9K – $283.8K
NOI $17,030 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,306 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
858
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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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch-style townhomes are situated near expressways, shopping, golf courses, and restaurants.
Where is this residential income property located?
The property is located at 451 BUILDING 9 RIDGE Lane Bolingbrook, IL.
What is the asking price?
The asking price for this property is $398,900.
What are key features of this property?
This property features: Ranch‑style townhomes; Year built: 2026; Recorded property size: 1468
