Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 Bolingbrook Dr Bolingbrook, IL 60440

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Grocery-anchored retail space in Bolingbrook, IL

    Lot size:
    79,678 SF

    Property Features for 104 Bolingbrook Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    79,678 SF
    Total Rate
    92957.67

    Building Details

    Year Built/Renovated
    1987/2003
    Stories
    1

    Spaces For Lease

    at 104 Bolingbrook Dr, Bolingbrook, IL 60440 Contact us
    Unit Unit 116

    $25 /Mo

    Size
    1,707 SF
    Contact us
    Unit Unit 152

    $27 /Mo

    Size
    1,272 SF
    Contact us
    Unit Unit 150

    $23 /Mo

    Size
    1,898 SF
    Contact us
    Unit Unit 154

    $27 /Mo

    Size
    1,363 SF
    Contact us
    Unit Unit 192

    $14 /Mo

    Size
    1,292 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Carlo Rossi

    Listing Agency: Rossi Real Estate Listing Agent: Carlo Rossi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Briar Square, a 79,678 square foot retail center in the thriving Bolingbrook, IL submarket of Joliet/Central Will County, presents a unique investment opportunity. Built in 1987 and renovated in 2003, this single-story building features a diverse tenant mix within its two suites. Currently, five individual spaces ranging from 1,272 to 1,898 square feet are available for lease. The property boasts a prime location at the northeast corner of Bolingbrook Drive (Route 53) and Briarcliff Road, offering excellent visibility and accessibility near I-55. Its strategic position benefits from high traffic volume, with a daily vehicle count of 35,600 on Bolingbrook Drive and 10,000 on Briarcliff Road (based on 2010 Census data). The center's grocery anchor draws significant traffic from Will and DuPage counties, creating a strong customer base for all tenants. The B-2 Community Retail zoning allows for a variety of commercial uses. This well-managed center is situated near expansive residential neighborhoods and corporate clients, providing a robust market for both established and new businesses. The property offers an exceptional opportunity to capitalize on the strong demographics and convenient location within the second largest village in Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.0670444
    Latitude
    41.6989095

    Nearby Similar for Lease

    • New
      Contact for pricing
      59,677 SF

      Move-in Ready Bolingbrook Office Space

      Office space for lease in Riverwoods Professional Center.
      440 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • New
      Contact for pricing
      59,677 SF

      Move-in Ready Bolingbrook Office Space

      Professional office space for lease in Riverwoods Professional Center.
      440 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • New
      Contact for pricing
      59,677 SF

      Bolingbrook Office Space Available

      Move-in ready office space in high-traffic Bolingbrook location.
      440 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      108,029 SF

      Bolingbrook Warehouse with Office Space

      Warehouse condo with office, mezzanine, and truck-level loading dock.
      475 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Commercial Space For Lease

      Prime location, flexible space, ideal for medical or professional office.
      440 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      32,234 SF

      Bolingbrook Office/Tech Space Available

      Office/Tech space for rent in Bolingbrook, Illinois.
      305 W Briarcliff Rd, Bolingbrook, IL 60440
      View Details
    • $25 SF/Yr
      1,707 SF

      Retail Space in Bolingbrook

      Grocery-anchored retail space with high visibility and traffic counts.
      104-140 E Briarcliff Rd, Bolingbrook, IL 60440
      View Details
    • $17 SF/Yr
      1,160 SF

      Retail Space For Lease

      Recently renovated retail spaces with street-facing units available for lease.
      317-361 N Schmidt Rd, Bolingbrook, IL 60440
      View Details
    • $10 SF/Yr

      Retail Space in Bolingbrook

      Retail space with high visibility, abundant parking, and storefront windows.
      104 South Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • $23 SF/Yr
      1,375 SF

      Retail Space on Bolingbrook Drive

      Retail space for lease with high visibility and traffic counts.
      104-184 N Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • $13 SF/Yr
      2,147 SF

      Bolingbrook Office Condo For Lease

      2,147 SF Class A office condo available for lease.
      215 Remington Blvd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Office Space Available

      Move-in ready office space near I-55 and 355.
      2600 E 107Th St, Bolingbrook, IL 60440
      View Details

    FAQs

    What type of property is this?
    Restaurant - Grocery-anchored retail space in Bolingbrook, IL
    Where is this restaurant located?
    The property is located at 104 Bolingbrook Dr Bolingbrook, IL.
    What is the lease rate?
    The lease rate is $14-$27 SF/Yr.
    What are key features of this property?
    This property features: 79,678 SF retail building with two suites available.; Located in the Joliet/Central Will submarket, specifically Bolingbrook, Lisle, and Naperville cluster.; Grocery-anchored center with high traffic volume from major roadways and surrounding counties.
    (630) 669-9765 Call to check price and availability
    Request Owner's contact information
    104 Bolingbrook Dr Bolingbrook, IL 60440
    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.
    104 Bolingbrook Dr
    Bolingbrook, IL 60440
    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
    104 Bolingbrook Dr Bolingbrook, IL 60440
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carlo Rossi
    Real Estate License ID: 471011314
    (630) 669-9765 (630) 652-2999 (630) 424-8400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!