About the Listing 94291 - 940698

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!

Listing Highlights