1048 Norwood Lane Bartlett, IL 60103

Building Details

Year Built

1996

Listing office Keller Williams Inspire r***@kw.com Show Phone

Listing date Oct 3, 2025

Source Realnex

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Investment Insights

Based on property information with market context.

This single-story building, constructed in 1996, offers an investment opportunity with long-term tenants. The building is 5,239 square feet and is anchored by Advocate Medical. Recent capital improvements include a new roof in 2023 and the installation of 3 AC units. The property is located along the Route 59 corridor, benefiting from high traffic counts and strong financial demographics. The building is currently 100% occupied, with leases featuring a 3% escalation. Advocate Health and Hospitals, a long-standing tenant, has a lease extension until October 2028, and Hoffmeister Dental is leased through April 2031.

Key Highlights

• 100% Occupancy with Long Term Tenants: Anchored by Advocate Medical with leases extended at 3% escalation.
• Strong Tenant Profile: Includes Advocate Health and Hospitals (extension until October 2028) and Hoffmeister Dental (leased through April 2031).
• Recent Capital Improvements: New Roof installed in 2023, plus 3 AC Units.

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FAQs

What type of property is this?

Medical Office Space - Single-story building anchored by Advocate Medical with long-term tenants.

Where is this medical office space located?

The property is located at 1048 Norwood Lane 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 with leases extended at 3% escalation.; Strong Tenant Profile: Includes Advocate Health and Hospitals (extension until October 2028) and Hoffmeister Dental (leased through April 2031).; Recent Capital Improvements: New Roof installed in 2023, plus 3 AC Units.