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    101 Royce Rd Bolingbrook, IL 60440

    For Lease
    $16 SF/Yr ($14,401 /Mo)

    Prime Office Suites, 450-996 sq ft

    Lot size:
    10,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional office property, located at 101 Royce Rd in Bolingbrook, IL, offers a variety of flexible spaces ideal for businesses of all sizes. The single-story, 10,801 square foot building boasts a convenient location at the well-lit intersection of Royce Road and Route 53, ensuring high visibility and easy access for clients and employees. The property features 10,801 total square feet, with 996 square feet currently available, divisible into units as small as 450 square feet. The building is a well-maintained, all-brick structure, built in 1979 and classified as Class B. Ample parking is provided with 75 spaces, many of which are covered, ensuring convenient parking for tenants and visitors. The property sits on 0.79 acres of land and is zoned for office use within Will County. Its strategic location provides easy access to major thoroughfares like IL-355 and IL-55, benefiting from heavy car traffic. 24-hour access is available, and prominent signage ensures high visibility. This is an excellent opportunity to secure office space in a highly accessible and well-maintained building. The minimum leasable space is 450 square feet, while larger spaces are also available. Contact us today to learn more about this exceptional opportunity.

    Property Features for 101 Royce Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,801 SF
    Class
    B
    Total Rate
    14401.33

    Building Details

    Year Built
    1979
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    996 SF
    Rate per SF
    $16
    Space
    Available Space 2
    Size
    450 SF
    Rate per SF
    $16

    HighLights

    • 10,801 SF office building in Bolingbrook, IL.
    • Multiple suites available, ranging from 450 SF to 996 SF.
    • 996 SF currently vacant.
    • Located at the highly visible intersection of Royce Road and Rt. 53 in Will County.
    • Class B building, built in 1979, single story with 75 parking spaces (mostly covered).
    • 0.79 acres of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.0693865
    Latitude
    41.7173453

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Suites, 450-996 sq ft
    Where is this office property / space located?
    The property is located at 101 Royce Rd Bolingbrook, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 10,801 SF office building in Bolingbrook, IL.; Multiple suites available, ranging from 450 SF to 996 SF.; 996 SF currently vacant.
    Request Owner's contact information
    101 Royce Rd Bolingbrook, IL 60440
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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
    101 Royce Rd Bolingbrook, IL 60440
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