1880 N State Route 50
Bourbonnais, IL, 60914 $ 950,000
Bedrooms-- Baths-- Sq 14,257 Monthly Estimate*
$ 5,849
for $950,000. This 14,257 square foot building was built on a lot size of 5.
This prime 5-acre commercial parcel at 1880 N State Route 50 in Bourbonnais, IL, presents an outstanding investment opportunity in one of Kankakee County's most dynamic growth corridors. Situated along high-traffic Illinois Route 50, the property enjoys excellent visibility and easy access, directly neighboring major national retailers such as Target, Best Buy, Blain's Farm & Fleet, Kohl's, and Dick's Sporting Goods. The site currently features a versatile mix of income-producing assets, including 54 self-storage units, outdoor parking, multiple single-suite office spaces on the ground level suitable for professional services or small businesses, and two spacious 2-bedroom apartments on the second floor that provide additional rental income or potential on-site management living quarters. What truly elevates this property is its exceptional redevelopment potential. Positioned amid ongoing regional expansion-including recent infrastructure improvements like the Armour Road and Route 50 intersection upgrades and the major Bourbonnais Parkway/I-57 interchange enhancements-the area continues to attract significant commercial and logistical interest. The parcel sits adjacent to the newly opened Bradley 315 Sports Park, a 127-acre state-of-the-art facility with 16 turfed baseball and softball fields, soccer venues, and family amenities that already draws thousands of visitors for tournaments and events. Nearby, the highly anticipated Mattel Wonder Indoor Waterpark (now officially partnered with Mattel and targeting a late 2027 or early 2028 opening) promises to become one of Illinois' largest indoor water attractions, featuring extensive slides, lazy rivers, and themed play areas to boost year-round tourism. With neighboring properties actively being acquired for larger developments and a strong regional labor market, this location offers endless possibilities for retail expansion, mixed-use redevelopment, hospitality ventures, entertainment-focused uses, or intensified commercial builds. Whether you choose to maintain the current steady cash flow from storage, offices, and apartments or pursue a transformative redevelopment, this high-potential asset in a thriving market is ready for its next chapter. Serious inquiries are encouraged to explore the full scope of opportunities!
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FeaturesGeneralCooling Central Air Window Unit(s)
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Composition
Zoning COMMR
Construction Materials Brick Wood
Electric Other
Tenant Pays Other
Stories Count 2
Tax Year 2024
Business Type Other
County Kankakee
Operating Expense 9707
Property Type Business Opportunity Bus / Bus w/Real Est
Status New
Directions Turn left onto IL-50 N/N Kinzie Ave from I-57 S Exit 315. Continue onto IL 50. Destination will be on Rt.
City Bourbonnais
MLS Area Bourbonnais
Lot Size Square Feet 217800
Tax Annual Amount 13220.5
Additional Parcels Y/N N
Standard Status Active
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ExteriorBuilding Area Total 14257
Lot Dimensions 170.9X1275.3
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* Excluded FeaturesList Bydpkooy@gmail.com; dustin@kooyrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,849
- Monthly Property Taxes
- $1,102
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Bourbonnais, IL
Average List Price $2,331,250
Percent of Sale Price 145%
About Bourbonnais, IL 18,550 Population
16% Since 2002
$ 65,639 Median Income
33.49 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/28/2026 | $950,000 | | Listed Price |