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Offering Memorandum 4.04 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK, IL 60440

Offering Memorandum - LoopNetimages3.loopnet.com/d2/JRJP25XEaPRg5jwCr-asRd-VMdEiR2HFYG91… · The site is currently zoned O - 1, limited office, with rezoning potential to a commercial

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Page 1: Offering Memorandum - LoopNetimages3.loopnet.com/d2/JRJP25XEaPRg5jwCr-asRd-VMdEiR2HFYG91… · The site is currently zoned O - 1, limited office, with rezoning potential to a commercial

Offering Memorandum

4.04 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK, IL 60440

Page 2: Offering Memorandum - LoopNetimages3.loopnet.com/d2/JRJP25XEaPRg5jwCr-asRd-VMdEiR2HFYG91… · The site is currently zoned O - 1, limited office, with rezoning potential to a commercial

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended tobe reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any otherperson or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared toprovide summary, unverified information to prospective purchasers, and to establish only a preliminary level ofinterest in the subject property. The information contained herein is not a substitute for a thorough due diligenceinvestigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements, the presence or absence of contaminatingsubstances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of theimprovements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans orintentions to continue its occupancy of the subject property. The information contained in this Marketing Brochurehas been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will notverify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measures to verify all of the information set forthherein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified inthis marketing package. The presence of any corporation's logo or name is not intended to indicate or implyaffiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates orsubsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included forthe purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK Bolingbrook, ILACT ID Y0670392

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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INVESTMENT

OVERVIEW

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OFFERING SUMMARY

Price $2,905,000

Down Payment 100% / $2,905,000

Lot Size (SF) 176,026

Price/SF $16.50

Lot Size (Acres) 4.04 acre(s)

Price/Acre $718,881

Number of Lots 1

Type of Ownership Fee Simple

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OFFERING SUMMARY

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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OFFERING SUMMARY

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

OFFERING SUMMARY

Excellent Road Frontage

Signalized Ingress and Egress

High Traffic Counts, 30,000+ VPD

Close to the Promenade Mall

Progressive Community

Utilities to the Site with Off-Site Detention

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present this 4.041 acre development opportunity located at the southwest corner of Boughton Road and Preston Drive, just west of Interstate 355, in Bolingbrook, IL.

The site is at a full signalized intersection, with turn lanes, and it is on the morning traffic side of Boughton Road. The intersection is the first signalized intersection west of the The Promenade Bolingbrook, a 750,000 square-foot, open-air shopping center. Additional access with a future right-in right-out onto Boughton Road will help the site to be subdivided into two or more lots.

The site offers a multitude of buyers/developers a shovel ready site in a proven retail market area. Added value is represented by a 100% buildable site with off-site detention already in place. Strong demographics support many of potential retail and serviceoriented businesses.

The site is currently zoned O-1, limited office, with rezoning potential to a commercial oriented zoning district.

Bolingbrook is known as a welcome place to open a business or develop in a diverse vibrant community with excellent accessible transportation.

INVESTMENT OVERVIEW

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LOCAL RETAIL MAP

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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TRAFFIC COUNTYEAR COUNT

2012 30,400

2012 30,100

2012 3,200

MARKETING PLAN

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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAME4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

PRICING AND VALUATION MATRIX

PROPERTY NAME4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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TRAFFIC COUNT

Source: © 2016 Experian

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REGIONAL MAP

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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LOCAL MAP

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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LOCAL AERIAL

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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AERIAL PHOTO

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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ZONING MAP

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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SURVEY MAP

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

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DEMOGRAPHICS

OVERVIEW

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4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

DEMOGRAPHICS

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PROPERTY NAME

MARKETING TEAM

4 ACRES, 609 E. BOUGHTON ROAD, BOLINGBROOK

DEMOGRAPHICS

Source: © 2016 Experian

Created October 2017

POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection

Total Population 13,059 80,024 216,098

2016 Estimate

Total Population 12,944 78,206 209,736

2010 Census

Total Population 12,862 77,301 206,828

2000 Census

Total Population 13,084 75,330 200,434

Daytime Population

2016 Estimate 10,883 63,563 186,377

HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2021 Projection

Total Households 4,628 27,860 78,945

2016 Estimate

Total Households 4,524 27,035 76,292

Average (Mean) Household Size 2.88 2.91 2.74

2010 Census

Total Households 4,493 26,653 74,914

2000 Census

Total Households 4,335 25,252 70,692

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2016 Estimate

$250,000 or More 2.65% 3.73% 5.10%

$200,000 - $249,999 1.70% 2.57% 3.93%

$150,000 - $199,999 6.73% 6.96% 8.86%

$125,000 - $149,999 6.30% 7.25% 8.20%

$100,000 - $124,999 15.01% 12.86% 12.70%

$75,000 - $99,999 18.91% 15.49% 14.99%

$50,000 - $74,999 15.09% 18.10% 16.77%

$35,000 - $49,999 11.28% 12.32% 10.92%

$25,000 - $34,999 7.40% 8.21% 6.63%

$15,000 - $24,999 7.24% 6.56% 6.05%

Under $15,000 7.69% 5.96% 5.87%

Average Household Income $89,801 $95,996 $108,259

Median Household Income $76,859 $73,214 $81,038

Per Capita Income $31,382 $33,233 $39,467

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POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population by Age

0 to 4 Years 6.26% 6.43% 5.48%

5 to 14 Years 12.92% 14.16% 13.31%

15 to 17 Years 4.64% 4.55% 4.50%

18 to 19 Years 2.69% 2.50% 2.64%

20 to 24 Years 7.02% 6.79% 6.26%

25 to 29 Years 6.47% 6.63% 6.00%

30 to 34 Years 6.57% 7.12% 6.22%

35 to 39 Years 6.25% 6.94% 6.19%

40 to 49 Years 12.43% 13.78% 13.98%

50 to 59 Years 14.38% 14.28% 16.05%

60 to 64 Years 7.02% 6.06% 6.63%

65 to 69 Years 5.76% 4.61% 5.05%

70 to 74 Years 3.23% 2.78% 3.21%

75 to 79 Years 1.85% 1.53% 1.85%

80 to 84 Years 1.32% 0.95% 1.25%

Age 85+ 1.19% 0.87% 1.38%

Median Age 37.73 36.29 39.53

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Rick GordonSenior AssociateDirector, National Land GroupChicago Oak Brook OfficeTel: (630) 570-2200Fax: (630) [email protected]: IL 471.014823

P R E S E N T E D B Y

www.MarcusMillichap.com