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    455 Main St Bourbonnais, IL 60914

    Sponsored
    For Sale
    Contact for pricing

    Prime 1.635-acre retail land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.635-acre commercial land parcel presents a remarkable opportunity for development within the thriving Bourbonnais Towne Center in Bourbonnais, Illinois. Located at 455 Main St NW, this property boasts a highly desirable location within a bustling retail center anchored by Jewel-Osco and Goodwill. The site is zoned for commercial use and offers various site plan options, including the potential for a drive-thru. The existing center houses a diverse mix of national and local tenants, including Merle Norman, Ivy Rehab, Pizza Hut, Sherwin Williams, and more, ensuring high visibility and foot traffic. This property is perfect for a variety of uses, such as fast food, medical, dental, automotive, or other retail and service businesses. Its strategic location along a prime retail corridor, near the intersection of a signalized intersection, and close proximity to Interstate-57 provides unparalleled accessibility. The area benefits from a strong residential base of over 20,000 residents and the presence of Olivet Nazarene University just two blocks away, with its substantial student population of over 4,300. The property's potential is further enhanced by the recent approval of nearby residential construction. This is a rare opportunity to acquire a well-positioned parcel in a thriving community with significant growth potential. The property is subject to association approval. Parcel numbers are 17-09-19-100-167 and -168.

    Property Features for 455 Main St

    General Information

    Property type
    Land
    Lot Size
    71,221 SF

    HighLights

    • ±0.46 to 1.635‑acre retail outlots available for sale.
    • Jewel‑Osco and Goodwill‑anchored retail plaza.
    • 91% occupied, signalized intersection, excellent I‑57 access.
    • Development‑ready, subject to association approval.
    • Prime retail corridor location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goodwill Store & Donation ... Thrift Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.88544912661
    Latitude
    41.158761438507

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    FAQs

    What type of property is this?
    Land - Prime 1.635-acre retail land, ideal for development.
    Where is this land located?
    The property is located at 455 Main St Bourbonnais, IL.
    What are key features of this property?
    This property features: ±0.46 to 1.635-acre retail outlots available for sale.; Jewel-Osco and Goodwill-anchored retail plaza.; 91% occupied, signalized intersection, excellent I-57 access.
    (312) 770-0119
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    455 Main St 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
    455 Main St Bourbonnais, IL 60914
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