1601-1605 N State Route 50 - Storefront FOR SALE


Bourbonnais, IL 60914
$4,817,000 USD
248-688-0630
1601-1605 N State Route 50, Bourbonnais, IL for Sale
$4,817,000 USD
Storefront - FOR SALE
1/5
null | 6% Cap Rate

1601-1605 N State Route 50
Bourbonnais, IL 60914


HIGHLIGHTS

  • 100% leased to Chipotle and Mattress Firm, two nationally recognized tenants with established customer bases.
  • Built in 2016, offering modern construction and quality finishes for long-term operational stability.
  • Excellent visibility with approximately 215 feet of frontage along N State Route 50.
  • Positioned on a 0.81-acre parcel within Bourbonnais’ growing retail corridor, near major shopping and dining destinations.
  • Ample surface parking with 52 spaces and pylon signage enhancing tenant exposure.
  • High accessibility in a densely developed retail node with strong vehicular traffic patterns.

OVERVIEW

This fully leased, two-tenant retail property offers a strong investment opportunity in Bourbonnais, Illinois, featuring nationally recognized tenants Chipotle and Mattress Firm. Built in 2016 and maintained to contemporary standards, the 7,300-square-foot building is situated on a 0.81-acre lot with excellent visibility and frontage along N State Route 50, one of the area’s main commercial corridors. With a 100% leased occupancy and a reported 6% cap rate, the asset provides investors with reliable cash flow supported by stable lease agreements from established, creditworthy brands. The property benefits from a strategic location near other major retailers, ensuring steady consumer traffic and strong market fundamentals. Positioned within the B-2 General Business District, the site enjoys convenient access from major thoroughfares and offers generous on-site parking with 52 spaces. The combination of durable construction, strong franchise tenancy, and exposure along a corridor with high traffic counts makes this an attractive, low-maintenance investment for both regional and institutional buyers seeking long-term income security and minimal management responsibility.

FOR SALE DETAILS

PRICE

$4,817,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Mattress Firm

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B-2

APN/PARCEL ID

17-09-16-102-004

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.