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

    550 Boughton Rd Bolingbrook, IL 60440

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

    1,457 SF Available in Class B Building

    Lot size:
    28,000 SF

    Property Features for 550 Boughton Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF
    Class
    B
    Total Rate
    46666.67

    Building Details

    Year Built
    1986
    Stories
    2

    Spaces For Lease

    at 550 Boughton Rd, Bolingbrook, IL 60440 Contact us
    Unit Suite 150

    $20 /Mo

    Size
    1,457 SF
    Contact us

    We can help!

    Listing Contact
    Jason Shibata
    Jason Shibata

    Listing Agency: JBS Commercial Real Estate Listing Agent: Jason Shibata

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

    Learn more

    Overview

    This exceptional 28,000 square foot, two-story Class B medical office building, located at 550 E Boughton Road in Bolingbrook, Illinois, presents a fantastic opportunity. Built in 1986, the property boasts a single suite currently offering 1,457 square feet of vacant space, ideal for small to mid-sized medical practices. The building is situated in Will County, zip code 60440, and enjoys convenient access to local amenities. The ample parking provides a 4.0 per 1,000 square feet ratio, ensuring convenient parking for patients and staff. The building's multiple tenancy structure offers a diverse and established environment. This property is perfect for a medical practice seeking a well-maintained space in a prime location. The available space provides immediate occupancy potential, allowing for a quick and efficient transition. The building's location in Bolingbrook, Illinois offers easy access to major transportation routes and a thriving community. This is a rare opportunity to secure a well-positioned medical office space in a desirable area. The 1,457 square foot suite is ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -88.0470827
    Latitude
    41.7200809

    Nearby Similar for Lease

    • 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
    • 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
    • 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?
    Medical office - 1,457 SF Available in Class B Building
    Where is this medical office located?
    The property is located at 550 Boughton Rd Bolingbrook, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Monument signage available.; 3.7 miles to Adventist Bolingbrook Hospital.; Minutes from Promenade Bolingbrook.
    (312) 462-1022 Call to check price and availability
    Request Owner's contact information
    550 Boughton Rd 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.
    550 Boughton Rd
    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
    550 Boughton Rd 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 Jason Shibata
    Jason Shibata
    Real Estate License ID: 471011705
    (312) 462-1022 (312) 462-1020
    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!