This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
848 W Bartlett Rd
7,697 SF Office Condo Unit Offered at $449,000 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 | $449,000 | Building Class | B |
| Unit Size | 7,697 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 7,697 SF |
| Total Building Size | 7,697 SF | Year Built | 1979 |
| Property Type | Office (Condo) | Lot Size | 2.55 AC |
| Sale Type | Investment or Owner User | Parking Ratio | 10/1,000 SF |
| Price | $449,000 |
| Unit Size | 7,697 SF |
| No. Units | 1 |
| Total Building Size | 7,697 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment or Owner User |
| Building Class | B |
| 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 | Under Contract |
| Price | $449,000 | Cap Rate | 9.02% |
| Price Per SF | $58.33 | NOI | $40,515 |
| Condo 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 | $449,000 |
| Price Per SF | $58.33 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Cap Rate | 9.02% |
| NOI | $40,515 |
| 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
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.