355 Prospect AveBartlett, IL 60103

  • Commercial real estate
  • 0.72 AC
For Lease
$10/SF/YR View listing

Property Details for 355 Prospect Ave

Year built
1994
Lot size
0.72 AC
Property type
Commercial real estate
APN
06-35-400-114
APU
635400114

Description

Devon Prospect Plaza, located at 355 S Prospect Ave, Bartlett, IL 60103, offers exceptional retail space in a high-traffic area of Cook County. This single-story, 20,500 square foot Class C building, constructed in 1988, features 12 suites with 6,000 square feet currently vacant. Individual suites range from a minimum of 900 square feet to a maximum contiguous space of 2,700 square feet, providing flexibility for various business needs. The property sits on 5.08 acres of land and boasts ample parking with 135 spaces. Its B-3 zoning provides diverse usage options. The building's strong tenancy history, with nearly 70% of current tenants operating for over a decade, and recent long-term lease renewals by major tenants like 7-Eleven and National Karate, highlight the desirability of this location. This Bartlett property benefits from excellent weekday and weekend traffic, making it an ideal investment opportunity in a densely populated Chicago suburb. The building has a floor area ratio (FAR) of 0.09. Cross street access is available via E Devon Ave.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,510,228
    Hospitality
    $5,963,334
    Educational
    $4,961,424
    Medical
    $5,132,054
    Retail
    $7,717,770

Location Insight

City
Bartlett
County
Cook
State
Illinois
Latitude
41.9896
Longitude
-88.1736
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,362
$47,250
$29,134
$76,384
-
$189,000
$116,536
$305,536

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