Bolingbrook, Illinois, offers a diverse range of commercial real estate opportunities for investors. With its strategic location approximately 28 miles southwest of Downtown Chicago, Bolingbrook provides easy access to major highways like Interstate 55 and Interstate 355, making it an attractive location for businesses. Commercial real estate in Bolingbrook can represent a variety of investments, including office buildings, retail spaces, and industrial properties. The village's amenities, such as the Bolingbrook Park District and the Bolingbrook Recreation and Aquatic Complex, contribute to its appeal as a place to live and work. Additionally, the presence of major corporations like Ulta Beauty, WeatherTech, and ATI Physical Therapy demonstrates the area's economic vitality. With a population of around 70,000, Bolingbrook offers a significant customer base for businesses. The village's proximity to Chicago and its surrounding communities, including Woodridge, Romeoville, and Naperville, also makes it an attractive location for businesses looking to serve a broader market.
Currently, there are 24 commercial real estate listings available in Bolingbrook, offering a range of options for investors. The average price per square foot for commercial real estate in Bolingbrook is $283 USD, with an average size of 88,241 square feet. The largest commercial property available in Bolingbrook is 997,802 square feet. In addition to commercial real estate, Bolingbrook also offers industrial properties, with companies like Goya Foods and Wi-Tronix having a presence in the area. Apartment buildings are also available, providing opportunities for investors looking to capitalize on the village's growing population. Office properties, such as those found in the downtown area, offer a range of options for businesses looking for a professional setting. Hotels, like the ones found near the Interstate 55 and Interstate 355 interchange, cater to travelers and business visitors. Overall, Bolingbrook's commercial real estate market offers a diverse range of options for investors, with its strategic location, amenities, and economic vitality making it an attractive location for businesses.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Bolingbrook, Illinois, there are several alternatives to consider, including:
- SBA loans, which offer flexible terms and lower down payments, making them an attractive option for small business owners and entrepreneurs.
- Conventional loans, which provide competitive interest rates and terms, often requiring a higher down payment and stronger credit profile.
- Private money loans, which offer more flexible terms and faster approval processes, but often come with higher interest rates and fees.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Bolingbrook, Illinois, cap rates play a crucial role in determining the viability of an investment. With an average cap rate of 7.5%, investors can gauge the potential return on investment (ROI) of a property, taking into account factors such as property value, rental income, and operating expenses - to learn more about cap rates, check out our article on what is a cap rate.
In Bolingbrook, where there are currently 24 available listings of commercial real estate, understanding cap rates is essential for making informed investment decisions. By analyzing cap rates, investors can compare properties and identify opportunities that align with their investment goals, ensuring a more successful and profitable commercial real estate purchase.
What is considered a commercial property?
In Bolingbrook, Illinois, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and manufacturing facilities. With 24 available listings of commercial real estate in Bolingbrook, investors and business owners have a range of options to choose from, with average prices per square foot of $283 USD and average sizes of 88,241 square feet, and cap rates averaging 7.5%.
