For Sale
$449,000

848 Bartlett Rd Bartlett, IL 60103

Prime Bartlett location, 9% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 7,697 square foot Class B office condo, located at 848 West Bartlett Road in Bartlett, Illinois, presents a compelling investment opportunity. Built in 1979 and renovated in 1995, this single-story brick building boasts a 100% occupancy rate with ten long-term tenants, generating a substantial net operating income (NOI) of $40,431. The property features a well-appointed lobby, two common area restrooms, and convenient front and back entries with key fob access. The layout is versatile, easily accommodating a single user with 20 private offices, making it ideal for both owner-occupancy and investment. Ample parking is available, with a front lot for guests and a large rear lot for tenants. The property is part of a three-owner condo association, with a monthly fee of $1,632 covering landscaping, snow removal, waste removal, common area electricity and gas, and all exterior maintenance. A prominent monument sign offers excellent advertising potential. Situated on Bartlett Road, just east of Route 59 and approximately one mile from the Bartlett Metra station, this property enjoys a prime location, backing onto the Bartlett Hills Golf Club, providing a unique amenity for client entertainment. The asking price is $449,000, representing a price per square foot of $58.33 and an attractive 9% cap rate. The property's zoning is OR. The APN is 06-34-100-029-1001, 06-34-100-029-1004, 06-34-100-029-1005.

Highlights

  • 7,697 SF Class B office condo in Bartlett, IL, with 100% occupancy and a strong NOI of $40,431.
  • Single-story brick building, built in 1979, renovated in 1995, featuring a versatile layout with 20 private offices.
  • Ample parking, key fob access, and a prominent monument sign.
  • Prime location on Bartlett Road, near Route 59 and the Metra station, backing onto Bartlett Hills Golf Club.
  • Asking price: $449,000 ($58.33/SF), 9% cap rate; Monthly condo fee: $1,632.

Property Details for 848 Bartlett Rd

Property type
Office properties
Square Feet
7,697 SF
Class
B
Year Built/Renovated
1979/1995
Buildings
1
Stories
1
Units
10

Location Insight

City
Bartlett
County
Cook
State
Illinois
Latitude
41.994613296353
Longitude
-88.202498020283

FAQs

What type of property is this?
Office property - Prime Bartlett location, 9% cap rate.
Where is the office property located?
The property is located at 848 Bartlett Rd Bartlett, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 7,697 SF Class B office condo in Bartlett, IL, with 100% occupancy and a strong NOI of $40,431.; Single-story brick building, built in 1979, renovated in 1995, featuring a versatile layout with 20 private offices.; Ample parking, key fob access, and a prominent monument sign.
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848 Bartlett Rd
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