Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Available in Bourbonnais, IL Title is generated by Realmo AI

    750 Almar Pkwy, Bourbonnais, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale at 750 Almar Pkwy, Bourbonnais, Illinois.

    Type:LAND
    Lot size:
    1.28 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    270
    Last Refresh:
    May 20 at 9:46 pm

    Property Features for 750 Almar Pkwy

    General Information

    Standard status
    Active
    Lot size
    1.28 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jay Tamblyn
    Jay Tamblyn

    Listing agent Jay Tamblyn License #475131086

    Listing office McColly Bennett Real Estate

    Listing date Aug 25, 2025

    Source Moodyscre

    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 McColly Bennett Real Estate

    HighLights

    • Land for sale
    • Address: 750 Almar Pkwy
    • Location: Bourbonnais, Illinois

    Overview

    Located in Bourbonnais, Illinois, this land parcel is available for sale. The property is located at 750 Almar Pkwy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tietjens Kiiri T ... Dental Office Talent Strategy Employment Agency Bob Meyers - Financial ... Financial Advisor Dr. James Adams Dental Office Michael Panozzo Medical Clinic

    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
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8896011
    Latitude
    41.1621051

    Nearby Similar for Sale

    • $2,650,000
      8,479 SF

      Free-Standing Retail Building in Bradley, IL

      8,479 SF retail building on 2.18-acre lot for sale.
      1604 N State Route 50, Bourbonnais, IL 60914
      View Details
    • $560,000
      4,900 SF

      Bourbonnais Commercial Property For Sale

      Commercial property with two buildings in high-traffic location.
      1321 N Arthur Burch Drive, Bourbonnais, IL 60914
      View Details
    • $4,500,000
      30,000 SF

      Functional Cross Dock Facility

      30,000 SF cross dock facility with trailer parking.
      106 Mooney Drive, Bourbonnais, IL 60914
      View Details
    • $1,600,000
      8,820 SF

      Bourbonnais Retail Property for Sale

      Retail property in Bourbonnais, Illinois, offering 8,820 square feet.
      233 Mooney Dr, Bourbonnais, IL
      View Details
    • $125,000

      Bourbonnais Commercial Land For Sale

      2 acres of commercial land in Plum Creek Plaza.
      lot briarcliff Lane, Bourbonnais, IL 60914
      View Details
    • $4,817,000
      7,300 SF

      Bourbonnais Retail Investment Opportunity

      Multi-tenant retail property for sale in Bourbonnais, Illinois.
      1601-1605 N State Route 50, Bourbonnais, IL
      View Details
    • $900,000

      Bourbonnais Commercial Property for Sale

      Commercial property available in Bourbonnais, Illinois.
      761 Main Street NW, Bourbonnais, IL 60914
      View Details
    • $950,000

      Land For Sale Bourbonnais, IL

      Land available for sale in Bourbonnais, Illinois.
      777 N Convent St, Bourbonnais, IL
      View Details
    • $649,000

      Land Near Bourbonnais Parkway Interchange

      Two-acre commercial land parcel near Bourbonnais Parkway interchange.
      770 E 6000 N Rd, Bourbonnais, IL
      View Details
    • $100,000

      Land For Sale Bourbonnais

      Land available for sale in Bourbonnais, Illinois.
      Heritage Dr, Bourbonnais, IL
      View Details
    • $150,000

      Land Available For Sale

      Land available for sale at 105 Mooney Dr, Bourbonnais, IL.
      105 Mooney Dr, Bourbonnais, IL
      View Details
    • $150,000

      Land For Sale Bourbonnais

      Land available for sale in Bourbonnais, Illinois.
      319 Gettysburg Drive, Bourbonnais, IL
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale at 750 Almar Pkwy, Bourbonnais, Illinois.
    Where is this land located?
    The property is located at 750 Almar Pkwy Bourbonnais, IL.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Land for sale; Address: 750 Almar Pkwy; Location: Bourbonnais, Illinois
    (815) 549-4301 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jay Tamblyn
    Jay Tamblyn
    Real Estate License ID: 475131086
    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
    750 Almar Pkwy, Bourbonnais, IL
    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!