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    700 6000N Rd Bourbonnais, IL 60914

    Sponsored
    For Sale
    $2,883,600

    32+ Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32.4-acre commercial land parcel presents a remarkable investment opportunity in Bourbonnais, Illinois. Strategically located on I-57 Exit 318, this property boasts over 32,000 average daily traffic counts, ensuring high visibility and accessibility. The flat topography and newly constructed heavy-duty road provide an ideal foundation for development. Situated within Bourbonnais city limits, this land benefits from its location in a Business Zone, Tax Increment Financing (TIF) District, and the Kankakee River Valley Enterprise Zone, offering significant advantages for developers. Less than an hour south of Chicago, this site is perfectly positioned between two thriving communities experiencing rapid growth. The area is specifically designated for commercial and industrial expansion, making this property exceptionally versatile for a wide range of development projects. Two prime parcels are available within this premium location, offering flexibility for various development scales. The asking price is $2,883,600. This is a truly exceptional opportunity to capitalize on the burgeoning growth in this dynamic area. Don't miss this chance to secure a prime piece of commercial real estate with unparalleled potential.

    Property Features for 700 6000N Rd

    General Information

    Property type
    Land
    Lot Size
    1,411,344 SF

    HighLights

    • $2,883,600 asking price for 32.4 acres of commercial land.
    • Located less than one hour south of Chicago.
    • High traffic count: over 32,000 average daily vehicles on I‑57.
    • Excellent development opportunity with easy I‑57 access.
    • Flat topography and new heavy‑duty road access.
    • Situated in a designated commercial/industrial growth zone, Bourbonnais Business Zone, and Kankakee River Valley Enterprise Zone, and a Tif District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Cafe & Coffee Shop Travel Agency Italian Restaurant Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.86272328
    Latitude
    41.20677006

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 32+ Acres, Prime Development Site
    Where is this land located?
    The property is located at 700 6000N Rd Bourbonnais, IL.
    What is the asking price?
    The asking price for this property is $2,883,600.
    What are key features of this property?
    This property features: $2,883,600 asking price for 32.4 acres of commercial land.; Located less than one hour south of Chicago.; High traffic count: over 32,000 average daily vehicles on I-57.
    Request Owner's contact information
    700 6000N Rd 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
    700 6000N Rd Bourbonnais, IL 60914
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