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

    250 S Weber Rd Bolingbrook, IL 60490

    • Commercial real estate
    • 6,393 SF
    • 1.75 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5536109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 250 S Weber Rd

    Year built
    2004
    Lot size
    1.75 lot acres
    Property size
    6,393 SF
    Property type
    Commercial real estate
    APN
    12-02-17-115-005
    APU
    120217115005

    Description

    This exceptional 6,393-square-foot retail or restaurant space is ideally situated at 250 S Weber Rd in Bolingbrook, Illinois, within Will County. Built in 2004, the entire building is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence. The property boasts a generous 1.75-acre lot, offering ample space for potential expansion or outdoor amenities. The C-2 zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses. The building's location within a thriving commercial area provides excellent visibility and accessibility, with nearby established businesses including Chipotle, Olive Garden, Jet Brite Car Wash, and Andy's Frozen Custard, ensuring high foot traffic and brand synergy. The property's size and location make it an attractive investment for businesses seeking a high-impact presence in a bustling Bolingbrook commercial corridor. The 60490 zip code offers convenient access to major transportation routes and a strong residential base. This is a turnkey opportunity for a business seeking immediate occupancy in a prime location. The property is ready for immediate development and customization to suit a new tenant's specific needs. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $866,000
      Market price range: $269k - $867k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.1225
    Latitude
    41.6922
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $70,050
    $331,939
    $390,201
    $722,140
    -
    $995,817
    $1,170,603
    $2,166,420

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      1130 Lily Cache Ln, Unit 211

      COMMERCIAL (GENERAL) • 2.90 Acres
      1130 Lily Cache Ln, Bolingbrook, IL 60490-3199
      View Details
    • Value Estimation by Request
      7.89 Acres

      115th St

      COMMERCIAL (GENERAL) • 7.89 Acres
      115th St, Bolingbrook, IL 60490
      View Details
    • Value Estimation
      $4,880,000
      1.86 Acres

      1295 Lily Cache Ln

      COMMERCIAL (GENERAL) • 1.86 Acres
      1295 Lily Cache Ln, Bolingbrook, IL 60490-4500
      View Details
    • Value Estimation
      $4,080,000
      1.37 Acres

      714 Weber Rd

      COMMERCIAL (GENERAL) • 1.37 Acres
      714 Weber Rd, Bolingbrook, IL 60490-5472
      View Details
    • Value Estimation
      $4,735,000
      8,112 SF

      186 Weber Rd

      COMMERCIAL (GENERAL) • 8,112 SF
      186 Weber Rd, Bolingbrook, IL 60490-1509
      View Details
    • Value Estimation by Request
      1,478 SF

      260 Weber Rd

      COMMERCIAL (GENERAL) • 1,478 SF
      260 Weber Rd, Bolingbrook, IL 60490-1549
      View Details

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      Bolingbrook Retail Space For Lease

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    250 S Weber Rd
    Bolingbrook, IL 60490
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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.

    More about this property
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