Downtown Bartlett Mixed-Use Commercial
111 W Railroad Avenue Bartlett, IL 60103
111 W Railroad Avenue, Bartlett, IL, 60103
$420,000
For Sale
$420,000
Historic mixed-use building in downtown Bartlett with income potential.
Property Size2,300 SF
Lot Size0.12 Acres
Price / SF$182.61
Days on Market303
Property Features for 111 W Railroad Avenue
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1875
Listing agency
REMAX LEGENDS
(630) 216-8000
Listed by
KELLY DYSON · License #475114736
Source
Corcoran
Added: Sep 22, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX LEGENDS
Investment Insights
Based on property information with market context.
Located in the heart of downtown Bartlett, this mixed-use commercial building presents a rare opportunity for owner-users and investors. Constructed circa 1892, the well-maintained building offers approximately 2,300 square feet across three levels. The property includes a separately heated 1.5-car garage/workshop, five private parking spaces behind the garage, and front-reserved spaces. The main level, configured as a high-end office space, features four treatment rooms, a reception area, and a private workstation. It is finished with solid six-panel doors, 9-foot ceilings with recessed lighting, large windows, and wood-look floors. Custom oak trim, built-in shelving, and a wired sound system are included. The main level is fully handicap accessible, with a dedicated wheelchair lift. The lower level, an English basement with separate entrances, is ideal for medical offices, retail, and boutique service businesses. It is currently occupied by a long-term tenant and includes mechanicals such as a furnace, water heater, washer/dryer, and electric panel. The upper level is framed and primed for build-out, offering potential as a residential rental, Airbnb, or live-work space. The detached 1.5-car garage has upgraded electrical, a dedicated furnace, and ample space for storage, workshop, or rental. The property is located steps from the More Brewing Company and other local businesses, within the revitalized downtown district. It is directly across from the Metra station. The property is ideal for owner-occupants needing office space with supplemental rental income.
Key Highlights
- Prime location directly across from the Metra station in downtown Bartlett, offering high visibility and easy access.
- Mixed‑use zoning and layout providing flexible income streams.
- Handicap accessible main level office space with high‑end finishes.
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
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FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building in downtown Bartlett with income potential.
Where is this mixed-use property located?
The property is located at 111 W Railroad Avenue 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 access.; Mixed‑use zoning and layout providing flexible income streams.; Handicap accessible main level office space with high‑end finishes.
