507 - 517 N Convert Street

Bourbonnais, IL

Retail for Sale - $2,185,000 - 9,782 Sq. Ft. on 0.87 acres


Agent Info

George Spirrison
Adelphia Properties

Property Info

CIMLS#1192618
Location
  507 - 517 N Convert Street
  Bourbonnais IL 60914
UpdatedJune 10th, 2026
TypeRetail
Price$2,185,000
Building9,782 Sq. Ft.
Land0.87 acres

Property Description

7.5% Cap | 100% Fully Leased Retail Center Opportunity | Bourbonnais (Chicago MSA)

• 9,782 SF Fully Leased Multi-Tenant Retail Center Opportunity

• 100% Occupied Retail Center w/ Three Long Term Established Tenants In Place, Eliminating Lease-Up Risk & Providing Stable Income from Day One

• 65% of the Retail Center is Leased to a National Corporate Backed Tenant

• Strong Tenant Mix | E-Commerce Resistant Tenant Mix

• All Tenants Operating on NNN Leases with Rental Increases

• Excellent Frontage, High Visibility, & Easy Multi-Access Site

• Situated on N Convent Street (US Rt 52) - One of the Primary Thoroughfares in Bourbonnais

• 174’ Linear Feet Frontage Along N Convert St | Offering 19,800 VPD at your Footsteps

• Nearby Pre-K through 12 Schools & Olivet Nazarene University Drives Consistent Daily Traffic & Brand Engagement

• Prime Positioned Site Near Heavily Travelled Stoplight Intersection of N Convert Street & E Armour Rd Offering Outstanding Frontage & High Visibility | Offering Combined 38,200 VPD

• There are 65,175 Residents Earning an Average Household Income of $88,581 within a 5-Mile Radius. The Subject Property Pulls from an Extended Trade Area Including Bradley, Kankakee, Momence, Manteno, and Otto

• Nearby Huge Traffic Generators: Kroger, Presence Health, Ace Hardware, Jewel Osco, Village Hall, Target, Walmart, Dick’s Sporting Goods, Menards, Lowes, Walgreens, Blair’s Farm & Fleet, & Northfield Square Mall

• Close Proximity to Multiple Residential Communities, Local Businesses, Schools, Bradley-Bourbonnais Community High School (1,914 Students/126 Faculty), & Olivet Nazarene University (ONU), a Liberal Arts University w/ Over 3,500 Students

• Ample Residential Rooftops Surround Site

• Minutes to I-57 Full Interchange

• Priced Below Replacement Cost @ $223.37

• Low Kankakee County Taxes - Allowing Purchasers to Invest in a Retail Asset w/ Lower Exposure to Real Estate Tax Expenses

• Priced at a 7.50% Cap Rate

For more detailed information, please contact Exclusive Listing Broker.


Financials



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