Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2072 Il-50 Bourbonnais, IL 60914

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2072 Il-50 Bourbonnais, IL 60914

    View on Map
    • Retail properties & Spaces
    • 1.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2072 Il-50

    Lot size
    1.42 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1.42-acre commercial land parcel presents a unique investment opportunity in the thriving Bourbonnais, Illinois market. Located at 2072 N State Route 50, this property boasts a prime location, ideal for a variety of uses. Currently vacant, this land offers significant potential for redevelopment. The zoning allows for a diverse range of commercial ventures, including bar, quick-service restaurant (QSR), or full-service restaurant establishments. The property's size and visibility make it an attractive option for businesses seeking high foot traffic and easy access. Situated in Kankakee County, Illinois, with a 60914 zip code, this location benefits from strong local demographics and convenient access to major transportation routes. The asking price for this exceptional land parcel is $1,200,000. This represents a compelling investment opportunity for developers and entrepreneurs seeking a high-impact commercial property in a rapidly growing area. The property is classified as Land, Mixed Use, and Retail. Its strategic location near a Walmart outlot further enhances its appeal and potential for success. Don't miss this chance to acquire a highly desirable commercial property in a prime location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bourbonnais
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8498
    Latitude
    41.1892

    Comparable in this City

    • Value Estimation by Request
      8,479 SF

      1604 Il-50

      Restaurants • 8,479 SF
      1604 Il-50, Bourbonnais, IL 60914
      View Details
    • Value Estimation by Request

      379 Main St

      Land
      379 Main St, Bourbonnais, IL 60914
      View Details
    • Value Estimation by Request
      9.81 Acres

      Rte 50 & St. George Rd

      Land • 9.81 Acres
      0 Rte 50 & St. George Rd, Bourbonnais, IL 60914
      View Details
    • Value Estimation by Request
      900 SF

      777 Convent St

      Mixed-use properties • 900 SF
      777 Convent St, Bourbonnais, IL 60914
      View Details
    • Value Estimation by Request
      527,186 SF

      1600 Il-50

      Shopping malls • 527,186 SF
      1600 Il-50, Bourbonnais, IL 60914
      View Details
    • Value Estimation by Request
      4.85 Acres

      @ Exeter Turn William Latham Dr

      Multifamily properties • 4.85 Acres
      @ Exeter Turn William Latham Dr, Bourbonnais, IL 60914
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bourbonnais Retail Outlots For Sale

      Retail outlots in Bourbonnais Towne Centre, prime retail corridor.
      455 Main St NW, Bourbonnais, IL 60914
      View Details
    • Contact for pricing
      8,820 SF

      Bourbonnais Retail Property for Sale

      Retail property in Bourbonnais, Illinois, offering 8,820 square feet.
      233 Mooney Dr, Bourbonnais, IL 60914
      View Details
    • $2,650,000

      Free-Standing Retail Building in Bradley, IL

      8,479 SF retail building on 2.18-acre lot for sale.
      1604 N State Route 50, Bourbonnais, IL 60914
      View Details
    • $150,000

      Land Available For Sale

      Land available for sale at 105 Mooney Dr, Bourbonnais, IL.
      105 Mooney Dr, Bourbonnais, IL 60914
      View Details
    • $950,000

      Land For Sale Bourbonnais, IL

      Land available for sale in Bourbonnais, Illinois.
      777 N Convent St, Bourbonnais, IL 60914
      View Details
    • Contact for pricing

      Bourbonnais Land For Sale

      Land available in Bourbonnais, Illinois.
      2800 E 4000N Rd N, Bourbonnais, IL 60914
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bourbonnais Towne Centre Retail Space

      Prime leasing opportunity in Bourbonnais Towne Centre.
      455 Main St NW, Bourbonnais, IL 60914
      View Details
    • Contact for pricing
      4,000 SF

      Bourbonnais Retail Space Available

      4,000 SF retail space for lease in Bourbonnais, Illinois.
      2082 N State Route 50, Bourbonnais, IL 60914
      View Details
    • Contact for pricing

      Retail Space in Bradley, IL

      Retail property available for lease at IL-Route 50 & Larry Power Road.
      Larry Power Rd, Bradley, IL 60914
      View Details
    • Contact for pricing

      Bradley Commons Retail Center Space

      Regional shopping center with national retail anchors for lease.
      2024 Il-50, Bradley, IL 60914
      View Details
    • $25 SF/Yr

      Retail Space in Bradley Commons

      Retail space available in a busy Bourbonnais shopping center.
      2086-2090 N State Route 50, Bourbonnais, IL 60914
      View Details
    • Contact for pricing

      Versatile Retail/Commercial Leasing Opportunity

      Retail/commercial space with high visibility and ample parking.
      375 Main St NW, Bourbonnais, IL 60914
      View Details
    Request Owner's contact information
    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.
    2072 Il-50
    Bourbonnais, IL 60914
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!