Retail Properties in Bolingbrook, Illinois offer a unique investment opportunity for those looking to capitalize on the village's growing economy. With a diverse range of industries, including retail, manufacturing, technology, and food production, Bolingbrook provides a stable foundation for businesses to thrive. Retail Properties in Bolingbrook can represent a variety of investments, from small storefronts to large shopping centers, each offering a unique set of benefits and opportunities. The village's amenities, such as the Adventist Bolingbrook Hospital and the Bolingbrook Park District, make it an attractive location for businesses and residents alike. Additionally, Bolingbrook's location near major highways, including Interstate 55 and Interstate 355, provides easy access to Chicago and other surrounding communities. The village's growing arts scene, with various annual events and institutions, also adds to its appeal. With a population of approximately 70,000, Bolingbrook offers a significant customer base for businesses, making it an excellent location for Retail Properties.
Bolingbrook's Retail Properties are situated in a prime location, with nearby shopping centers, restaurants, office properties, and hotels. The village is also home to several major corporations, including Ulta Beauty and WeatherTech, which contribute to the local economy. Shopping centers in Bolingbrook offer a range of retail options, from small boutiques to large department stores. Restaurants in the area provide a diverse selection of dining options, from casual eateries to fine dining establishments. Office properties in Bolingbrook are home to a variety of businesses, including technology and manufacturing companies. Hotels in the area cater to visitors and business travelers, providing convenient access to the village's amenities. With 3 Retail Properties available for sale, investors have a range of options to choose from, each with its own unique characteristics and benefits. The average price per square foot for Retail Properties in Bolingbrook is $329 USD, with an average size of 14,488 square feet. The largest Retail Property available for sale is 29,209 square feet, offering ample space for businesses to grow and expand.
What is the average cap rate for retail properties in Bolingbrook?
For investors seeking retail properties in Bolingbrook, it's essential to understand the average cap rate, which currently stands at 7.76%. To better comprehend this metric, it's helpful to read our article on what is a cap rate, which provides a detailed explanation of this critical investment concept.
How do location and foot traffic affect retail property values?
In Bolingbrook, Illinois, location and foot traffic play a significant role in determining retail property values. Properties situated near major highways like Interstate 55, Interstate 355, and Illinois Route 53, which provide easy access to Chicago and surrounding communities, tend to have higher values due to increased visibility and exposure to potential customers, with an average price per square foot of $329 USD and an average size of 14,488 square feet.
