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848 W Bartlett Rd
7,697 SF Office Unit Offered at £357,086 in Bartlett, IL 60103
INVESTMENT HIGHLIGHTS
- PRICED TO SELL: Under $60 per square foot! 9% Cap Rate!
- Ten excellent long-term tenants. Attractive building. Ample Parking. Condo association covers many common expenses.
- Investor upside with 1,066sf common area not currently accounted for in rental rates.
- 9,350 Average Daily Traffic (IDOT: July 2024)
EXECUTIVE SUMMARY
Single-story attractive brick building. Well-manicured, nicely landscaped grounds. Ample parking with front lot for clients and large back lot for employees. Three-owner Condo Association $1,632/mo. Covers Landscaping, Scavenger, Insurance, Common Area Utilities, Property Taxes for Back Parking Lot/Grounds, Exterior Building/Roof Maintenance/Repairs, Backflow Maintenance/Repair, Snow Removal and Association Accounting. Monument sign in front of building provides excellent advertising for user/owner or potential income stream for investor.
PROPERTY FACTS Under Contract
| Price | £357,086 | Building Class | B |
| Unit Size | 7,697 SF | Number of Floors | 1 |
| No. Units | 1 | Typical Floor Size | 7,697 SF |
| Total Building Size | 7,697 SF | Year Built | 1979 |
| Property Type | Office (Unit) | Lot Size | 2.55 AC |
| Sale Type | Investment or Owner User | Parking Ratio | 10/1,000 SF |
| Price | £357,086 |
| Unit Size | 7,697 SF |
| No. Units | 1 |
| Total Building Size | 7,697 SF |
| Property Type | Office (Unit) |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Number of Floors | 1 |
| Typical Floor Size | 7,697 SF |
| Year Built | 1979 |
| Lot Size | 2.55 AC |
| Parking Ratio | 10/1,000 SF |
1 UNIT AVAILABLE
Unit 14E
| Unit Size | 7,697 SF | Sale Status | In Exchange |
| Price | £357,086 | Net Initial Yield | 9.02% |
| Price Per SF | £46.39 | NOI | £32,221.25 |
| Unit Use | Office | APN/Parcel ID | 06-34-100-029-1001, 06-34-100-029-1004, 06-34-100-029-1005 |
| Sale Type | Investment or Owner User |
| Unit Size | 7,697 SF |
| Price | £357,086 |
| Price Per SF | £46.39 |
| Unit Use | Office |
| Sale Type | Investment or Owner User |
| Sale Status | In Exchange |
| Net Initial Yield | 9.02% |
| NOI | £32,221.25 |
| APN/Parcel ID | 06-34-100-029-1001, 06-34-100-029-1004, 06-34-100-029-1005 |
DESCRIPTION
7,697sf Office Condo built in 1979 and remodeled in 1995. Features well-appointed lobby area, ten excellent long-term tenants, two common area restrooms, front and back condo entries with key fob access. Layout of entire condo could accommodate single-user with 20 private offices making the condo perfect for user/owner as well as investor!
SALE NOTES
Priced to sell: Under $60 per square foot. 9% cap rate!! Prime Bartlett Road location just 1,000 feet east of Route 59. Approx. one mile from Bartlett Metra Station. Backs to Bartlett Hills Golf Club - a perfect place to entertain clients. Property suitable for user/owner, as well as investor! Don't sleep on this one!
AMENITIES
- Signage
- Natural Light
- Monument Signage
ZONING
| Zoning Code | OR (Office/Research District) |
| OR (Office/Research District) |
Presented by
848 W Bartlett Rd
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