Historic Mixed-Use Commercial
111 W Railroad Avenue NW Bartlett, IL 60103
111 W Railroad Avenue NW, Bartlett, IL, 60103
$420,000
For Sale
$420,000
COMMERCIAL - Bartlett, IL
Property Size2,300 SF
Lot Size0.12 Acres
Price / SF$182.61
Days on Market211
Property Features for 111 W Railroad Avenue NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 06344090030000
- Size
- 2,300 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5698
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1875
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Vinyl Siding, Frame
- Roof type
- Composition
Listing Agency
REMAX Legends
(630) 216-8000
17W480 22nd St, Oakbrook Terrace, IL
Listed by
Kelly Dyson · License #475114736
(708) 655-5000
Added: Dec 18, 2025 Checked: Jul 17 at 7:06 am
MLS# 12534925
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built circa 1892, this historic mixed-use commercial building offers approximately 2,300 total square feet across three levels. The main level is configured as a professional office with four treatment rooms, a reception area, and a private workstation. Finishes include solid six-panel doors, 9' ceilings with recessed lighting, large windows in every room, and wood-look flooring throughout, along with custom oak trim, built-in shelving, and a wired sound system with individual room controls. The space is fully handicap accessible, including a dedicated wheelchair lift, and includes two oversized storage closets.
The lower level is an English basement with a separate entrance arrangement, providing public access from the front sidewalk and private access from the rear, and it is currently occupied by a long-term tenant. It includes mechanicals such as a furnace, water heater, washer/dryer, and electric panel, and the layout can suit medical offices, retail, or boutique service uses. The upper level is framed and primed for build-out, offering studio apartment potential.
A detached 1.5-car garage/workshop and private rear parking support on-site operations, with five rear parking spaces plus front-reserved spaces for client convenience. Located at the prominent intersection of Oak and Railroad Avenue, the building sits directly across from the Metra station for client access, and is steps from More Brewing Company and established downtown businesses. Zoning is listed as OFFIC, supporting a flexible owner-occupant or multi-use setup.
The lower level is an English basement with a separate entrance arrangement, providing public access from the front sidewalk and private access from the rear, and it is currently occupied by a long-term tenant. It includes mechanicals such as a furnace, water heater, washer/dryer, and electric panel, and the layout can suit medical offices, retail, or boutique service uses. The upper level is framed and primed for build-out, offering studio apartment potential.
A detached 1.5-car garage/workshop and private rear parking support on-site operations, with five rear parking spaces plus front-reserved spaces for client convenience. Located at the prominent intersection of Oak and Railroad Avenue, the building sits directly across from the Metra station for client access, and is steps from More Brewing Company and established downtown businesses. Zoning is listed as OFFIC, supporting a flexible owner-occupant or multi-use setup.
Key Highlights
- Prime location directly across from the Metra station in downtown Bartlett, offering high visibility and easy client access
- Mixed‑use zoning and layout providing flexible income streams from office space, basement tenant, and potential apartment
- Handicap accessible main level with high‑end office finishes, including treatment rooms, reception area, and premium materials
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $21.60 |
| − Vacancy | −$4.1k | −$1.77 |
| EGI | $45.6k | $19.83 |
| − OpEx | −$13.7k | −$5.95 |
| NOI | $31.9k | $13.88 |
2,300 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$554.5K
$485.2K – $646.9K
NOI $38,813 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$456.1K
$399.1K – $532.1K
NOI $31,924 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$794.1K
$694.8K – $926.4K
NOI $55,586 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
McClure Chiropractic and Acupuncture
Alternative Medicine Practice
Donald D. Mcclure, ...
Alternative Medicine Practice
Valcon Systems Inc.
Computer & Electronic Repair
Dr. Dipali Patel
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic building offering multi-level office with treatment rooms, separate-access lower level, and private parking/garage.
Where is this mixed-use property located?
The property is located at 111 W Railroad Avenue NW Bartlett, IL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Prime location directly across from the Metra station in downtown Bartlett, offering high visibility and easy client access; Mixed‑use zoning and layout providing flexible income streams from office space, basement tenant, and potential apartment; Handicap accessible main level with **high‑end office finishes**, including treatment rooms, reception area, and premium materials
