1321 N Arthur Burch Dr, Bourbonnais, IL 60914
Retail space
- Added:
- Sep 27, 2024
- Days on Market:
- 648
- Last Refresh:
- May 12 at 11:02 pm
Property Features for 1321 N Arthur Burch Dr
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Property subtype
- Retail
Listing office McColly Rosenboom Commercial Bourbonnais (815) 939-1255
Listing date Sep 27, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of McColly Rosenboom Commercial Bourbonnais
HighLights
- High traffic location with exposure to Rt 50.
- Proximity to I‑57.
- Two buildings: 4,940 sq ft and 1,200 sq ft.
- Set up for business locations.
- Includes office space.
- Includes display rooms.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.8k | $12.00 |
| − Vacancy | −$5.9k | −$1.20 |
| EGI | $52.9k | $10.80 |
| − OpEx | −$15.9k | −$3.24 |
| NOI | $37.0k | $7.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bourbonnais
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.851556
- Latitude
- 41.165582
