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    777 Convent St Bourbonnais, IL 60914

    Sponsored
    For Sale
    $950,000

    High-yield, 3-house, tree service property.

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property in Bourbonnais, Illinois, presents a compelling investment opportunity. Located at 777 N Convent St, this 0.82-acre lot features a 900 square foot commercial building currently operating as a tree service shop, situated behind two of the three residential homes included in the sale. All three homes are currently rented, generating consistent income. The property boasts a prime location on one of Bourbonnais' busiest streets, providing excellent visibility and accessibility. Built in 1949 and renovated in 2000, the property offers a blend of established infrastructure and updated features. The single-story structures are situated on a sizable lot, offering potential for future development or expansion. The asking price is $950,000, translating to $1,055.56 per square foot. The property's APN is 17-09-18-401-012, and its proximity to numerous businesses, shopping centers, and restaurants ensures high traffic and potential for strong rental income. This is a rare chance to acquire a well-established, income-producing property in a thriving Illinois community. The property's strategic location and diverse income streams make it an attractive investment for both seasoned and emerging investors.

    Property Features for 777 Convent St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    900 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built/Renovated
    1949/2000
    Stories
    1

    HighLights

    • $950,000 asking price for this mixed‑use property.
    • 900 square foot building on a 0.82‑acre lot.
    • Located at 777 N Convent St, Bourbonnais, IL 60914.
    • Built in 1949, renovated in 2000, single‑story building.
    • Includes three rental houses and a large shop/warehouse currently used as a tree service business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Four Seasons Tree ... Tree Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8757842
    Latitude
    41.1668108

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield, 3-house, tree service property.
    Where is this mixed-use property located?
    The property is located at 777 Convent St Bourbonnais, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price for this mixed-use property.; 900 square foot building on a 0.82-acre lot.; Located at 777 N Convent St, Bourbonnais, IL 60914.
    (815) 929-9381
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    777 Convent St Bourbonnais, IL 60914
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    Realmo Value Estimation

    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.

    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.

    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
    777 Convent St Bourbonnais, IL 60914
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