848 Bartlett RdBartlett, IL 60103

Property Details for 848 Bartlett Rd

Year built

1979

Property size (Sq ft)

7,697 SF

Property type

Office properties

Description

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.

Location Insight

City

Bartlett

County

Cook

State

Illinois

Latitude

41.9946

Longitude

-88.2025

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