Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    W Bartlett & Munger Rds Bartlett, IL 60103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $645,000

    2.83 acres at Bartlett & Munger Roads, adjacent to school.

    Property size:
    2 SF
    Lot size:
    2.83 Acres

    Property Features for W Bartlett & Munger Rds

    General Information

    Size
    2 SF
    Lot size
    2.83 Acres

    We can help!

    Listing Contact
    Jace Murray
    Jace Murray
    Source: Murraycommercial

    Listing Agent: Jace Murray

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Corner Lot Near Elementary School

    This 2.83-acre commercial land parcel is situated at the southeast corner of West Bartlett and Munger Roads. The property is located adjacent to Liberty Elementary School. All utilities are adjacent to the site, including sanitary sewer, water, gas, and electric.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bartlett
    County
    Cook
    State
    Illinois
    Longitude
    -88.1848
    Latitude
    41.9753

    Nearby Similar for Sale

    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for investors.
      111 W Railroad Ave NW, Bartlett, IL 60103
      View Details
    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for owner-users.
      111 W Railroad Ave, Bartlett, IL 60103
      View Details
    • $1,350,000
      5,239 SF

      Bartlett, IL Commercial Opportunity

      Commercial building anchored by Advocate Medical, located on Rt 59.
      1048-1054 Norwood Ln, Bartlett, IL 60103
      View Details
    • $379,900

      Brentwood Townhome with Recent Updates

      Updated townhome with modern amenities and move-in ready condition.
      1433 Quincy Bridge Ct, Bartlett, IL 60103
      View Details
    • $319,900
      1,418 SF

      Fairfax Subdivision End-Unit Ranch

      Sun-filled, ground-floor ranch with a two-car garage and updates.
      407 Cromwell Cir, Bartlett, IL 60103
      View Details
    • Contact for pricing
      5,200 SF

      Prime Retail Outlot with Drive-Thru

      Build-to-suit outlot opportunity in dynamic Bartlett retail location.
      810-892 Rte, Bartlett, IL 60103
      View Details
    • $249,900
      1,100 SF

      Charming Bartlett Home with Upgrades

      Customized 3-bedroom home near downtown and Metra station.
      178 Stephanie Ct, Bartlett, IL 60103
      View Details
    • $400,000

      Herons Landing End-Unit Home

      Sun-filled 3-bedroom home with finished basement and modern amenities.
      151 Fountain Grass Cir, Bartlett, IL 60103
      View Details
    • Contact for pricing
      50,700 SF

      New Construction Industrial Facility

      Modern industrial facility in DuPage County, new construction.
      1250 Hardt Cir, Bartlett, IL 60133
      View Details
    • Contact for pricing
      95 SF

      92,000 SF Power Center

      Power center anchored by AMITA Health with Route 59 exposure.
      1003-1041 Stearns Rd, Bartlett, IL 60103
      View Details
    • $7,000,000
      30,227 SF

      Bartlett Automotive Repair Shop

      Automotive repair shop with six bays for sale.
      31W222 Bartlett Rd, Bartlett, IL 60103
      View Details
    • $1,450,000
      10,610 SF

      Bartlett, IL Industrial Condo

      10,610 SF Flex Space, $1.45M
      1251 Humbracht Cir, Bartlett, IL 60103
      View Details

    FAQs

    What type of property is this?
    Land - 2.83 acres at Bartlett & Munger Roads, adjacent to school.
    Where is this land located?
    The property is located at W Bartlett & Munger Rds Bartlett, IL.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: - 2.83 acres of land, offering ample space for development.; - Utilities adjacent to site including sanitary sewer, water, gas, and electric.; - Located at the southeast corner of West Bartlett & Munger Roads.
    (630) 513-0173
    Request Owner's contact information
    W Bartlett & Munger Rds Bartlett, IL 60103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    W Bartlett & Munger Rds
    Bartlett, IL 60103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    W Bartlett & Munger Rds Bartlett, IL 60103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jace Murray
    Jace Murray
    (630) 513-0173
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.