211 W Railroad Ave
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211 W Railroad Ave
6,700 SF 100% Leased Retail Building Bartlett, IL 60103 $1,095,000 ($163/SF) 7.30% Cap Rate
Executive Summary
Incredible Opportunity to Own The Prestigious The Shoppes of Banbury Fair in Downtown Bartlett Across The Street From The New MORE Brewery and The Train Station! Today, The Shoppes of Banbury Fair consist of 'Delicious Coffee Bar' and LeP'tit tapas and wine bar. Coupled with Banbury's core business of women's clothing, jewelry, baby shop, furniture, home decor and seasonal decorations. The Extra Outdoor Courtyard is a perfect venue for events and weddings. Banbury Fair courtyard has hosted over 20 weddings and receptions, concerts, anniversaries, fashions shows and festivals. Lots of outdoor seating as well for the coffee shop, restaurant and bar, plus a stage for live music! The second floor of the building is a 1500sqft 3 bed, 1 bath apartment with laundry. Large city parking lot adjoins building. Owner recently invested $300,000 in updates and improvements! Tons of opportunities: Keep as is and collect investment income or bring your ideas and dreams to this incredible property with spectacular location!!! PLEASE DO NOT DISTURB EMPLOYEES OR CUSTOMERS - CALL FOR SHOWING!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,700 SF
Building Class
B
Year Built
1882
Price
$1,095,000
Price Per SF
$163
Cap Rate
7.30%
NOI
$79,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Land Acres
0.53 AC
Zoning
B-1 - Currently Zoned Mixed Use
Parking
9 Spaces (1.34 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $32,171 | |
| Land Assessment | $11,584 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $20,587 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,584
Improvements Assessment
$20,587
Total Assessment
$32,171
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
-
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RE/MAX All Pro
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211 W Railroad Ave
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