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    291 Bolingbrook Dr Bolingbrook, IL 60440
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    Property profile & analytics

    291 Bolingbrook Dr Bolingbrook, IL 60440

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    • Retail properties & Spaces
    • 18,667 SF
    • 1.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 291 Bolingbrook Dr

    Year built
    2007
    Lot size
    1.72 lot acres
    Property size
    18,667 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Stonebrook Place, located at 291 N Bolingbrook Dr, Bolingbrook, IL 60440, presents a compelling investment opportunity in a thriving commercial area. This single-story, 18,667 square foot building, constructed in 2007, features seven suites ideal for traditional or medical office use. The property sits on 1.72 acres of land and is zoned B-3 | Highway Commercial, offering excellent visibility and accessibility. Three spaces are currently available, ranging from 1,679 to 4,468 square feet, providing flexibility for various business needs. The center boasts contemporary design, ample parking, and mature landscaping. Its strategic location directly across from Menards and near other major retailers like Fiesta Market and Walmart Supercenter ensures high traffic volume. With an average daily traffic count of 34,250 vehicles on Bolingbrook Dr (Route 53), Stonebrook Place benefits from exceptional drive-by exposure and convenient access to major highway systems. Existing tenants include Wingstop, 311 Dental, and PT Solutions, demonstrating the center's appeal to a diverse range of businesses. This property offers a unique blend of prime location, modern amenities, and strong tenant occupancy, making it an attractive investment prospect within the Bolingbrook, Romeoville, Lemont, Plainfield, Lisle, and Naperville submarket cluster in Will County, Illinois.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.0686
    Latitude
    41.7056

    Comparable in this City

    • Value Estimation by Request
      28,000 SF

      550 Boughton Rd

      Medical Office Space • 28,000 SF
      550 Boughton Rd, Bolingbrook, IL 60440
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    • Value Estimation by Request
      10,000 SF

      305 Briarcliff Rd

      Medical Office Space • 10,000 SF
      305 Briarcliff Rd, Bolingbrook, IL 60440
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    • Value Estimation by Request
      15,000 SF

      550 Boughton Rd

      Medical space • 15,000 SF
      550 Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Value Estimation by Request
      22,940 SF

      210 Bolingbrook Dr

      Automotive properties • 22,940 SF
      210 Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Value Estimation by Request
      79,678 SF

      104 Bolingbrook Dr

      Restaurants • 79,678 SF
      104 Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Value Estimation by Request
      10,047 SF

      689 Boughton Rd

      Retail properties & Spaces • 10,047 SF
      689 Boughton Rd, Bolingbrook, IL 60440
      View Details

    Similar Nearby for Sale

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    • New
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      Bolingbrook Commercial Investment Opportunity

      Well-maintained commercial property on Boughton Rd with high traffic.
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    • Contact for pricing
      6,300 SF

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    • $1,500,000
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      Bolingbrook Commercial Redevelopment Opportunity

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    Similar Nearby for Lease

    • $21 SF/Yr

      Retail/Medical/Office Space Available

      Street-facing inline space ideal for retail, medical, or professional use.
      222 N Bolingbrook Dr, Bolingbrook, IL 60440
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    • $25 SF/Yr

      Bolingbrook Retail/Office Space Available

      Street-facing space ideal for professional or retail uses.
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    • $17 SF/Yr

      Retail or Professional Space Available

      In-line, street-facing units ideal for retail or professional uses.
      333 N Schmidt Rd, Bolingbrook, IL 60440
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    • Contact for pricing
      1,286 SF

      Bolingbrook Retail Space For Lease

      Prime Bolingbrook retail space available.
      0 Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      125,000 SF

      Bolingbrook Office Space Opportunity

      125,000 SF office space available for build-to-suit in Bolingbrook.
      500 Territorial Dr, Bolingbrook, IL 60440
      View Details
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    Bolingbrook, IL 60440
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    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.

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