Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

232 NW Main St Bourbonnais, IL 60914

FOR SALE
Commercial land
Property ID
US28-3951290
0.43 ac lot
Last sale Jan 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Constructed in 2009, this 13,200-square-foot office building is arranged as six suites across two levels. The layout includes three medical-related suites and three additional ground-floor spaces, each with independent HVAC systems, and an elevator provides access to the second floor. The property sits on a 1.5-acre site at 232 NW Main Street in Bourbonnais, Illinois, positioned along Main Street near a busy intersection and approximately one block from Olivet Nazarene University. Parking is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$25k
Assessed land$25k
Effective rate8.26%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$31k
Operating expenses−$48k
NOI · 6.04% cap applied$145k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.04%
$145k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKANKAKEE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.3
Building Supply14.6
HVAC Service13.5

Location

232 NW Main St Bourbonnais, IL 60914
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Almar, Bourbonnais, IL 60914 $95,000 Jul 2025 No data
1600 State Rte 50, Bourbonnais, IL 60914-9307 $9,600,000 Feb 2025 No data
State Rte 50, Bourbonnais, IL 60914 $775,000 Oct 2024 No data
1001 Wn, Bourbonnais, IL 60914-1024 $1,220,000 Aug 2024 No data
1590 Convent, Bourbonnais, IL 60914-2184 $145,500 Oct 2023 No data
Rte 50, Bourbonnais, IL 60914 $190,000 Oct 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved
Reason not saved — we won't ask again