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    1048-1054 Norwood Ln Bartlett, IL 60103

    For Sale
    $1,350,000

    Business - Bartlett, IL

    Type:Business
    Property size:
    5,239 SF
    Lot size:
    0.76 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 1048-1054 Norwood Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    OFFIC
    APN
    0104408010
    Size
    5,239 SF
    Lot size
    0.76 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Number of units
    2
    Roof type
    Composition
    Architectural style
    Other

    Keller Williams Inspire (630) 377-6200 [email protected]

    Listing agent Rudolph Johnson (630) 262-9500 License #475139695

    Listing date Oct 21, 2025

    MLS# 12494981 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Building For Sale

    This single-story building, constructed in 1996, offers an investor opportunity with long-term tenants, anchored by Advocate Medical. The building encompasses 5,239 square feet and has undergone recent capital improvements, including a new roof in 2023 and three new AC units. The property is located along the Route 59 corridor, benefiting from high traffic counts and strong financial demographics. It is currently at 100% occupancy with leases extended at a 3% escalation. The surrounding area features both commercial and residential growth. The property is zoned for office use and sits on a 0.76-acre lot.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bartlett Animal Hospital, The Whole Pet, Heartland Animal Hospital, P.C.

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Cook
    State
    Illinois
    Longitude
    -88.2054202
    Latitude
    41.9787181

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    FAQs

    What type of property is this?
    Medical office - Single-story medical office building with long-term tenants in Bartlett, IL.
    Where is this medical office located?
    The property is located at 1048-1054 Norwood Ln Bartlett, IL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - 100% Occupancy with Long Term Tenants Anchored by Advocate Medical; - Recent Capital Improvements: New Roof (2023) and 3 New AC Units; - Leases Extended with 3% Escalation
    (630) 262-9500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1048-1054 Norwood Ln Bartlett, IL 60103
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