Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1281 Humbracht Cir, Unit M Bartlett, IL 60103

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $449,000

    Spacious industrial condo ideal for business or car enthusiasts.

    Lot size:
    1.76 Acres

    Property Features for 1281 Humbracht Cir

    General Information

    Standard status
    Active
    Lot size
    1.76 Acres

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Dean Tubekis
    Dean Tubekis
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Dean Tubekis

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

    Learn more

    Overview

    Industrial Condo in Brewster Creek

    This industrial condo is located in Brewster Creek Industrial Park in Bartlett, at the corner of Sterns Road and Route 59. Situated at the end of the building, the unit offers reduced traffic and increased privacy. Previously owned by a car collector as a personal garage, this property presents an opportunity for a business owner or car enthusiast to create a car condo. The layout includes a reception area, a private office, and a full bathroom. Drive-in doors are located on each side of the building, facilitating easy access for RVs or trailers. A floor drain is included. Refer to the floor plan in the photos for estimated square footage.
    Location Intelligence

    Current Use by Public Records

    LH Block Electric ... Electrical Service Jac Printing Graphics Textile Manufacturer Paramount Decorating Co Painting Pursanova - Chicago Corporate Office Cymbal Communications Electronics & Wireless Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Cook
    State
    Illinois
    Longitude
    -88.2207219
    Latitude
    41.9771864

    Nearby Similar for Sale

    • $1,285,000
      5,239 SF

      Bartlett Commercial Building For Sale

      Single-story building anchored by Advocate Medical with long-term tenants.
      1048-1054 Norwood Ln, 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
    • New
      $895,000

      Remodeled Mixed-Use Strip Center

      Mixed-use strip center in downtown Bartlett, remodeled in 2023.
      314 S Main St, 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
    • $1,525,600

      Well-Maintained Office Building Investment

      20-unit office building with modern design and ample parking.
      850 W Bartlett Rd, 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
    • 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
    • $420,000

      Downtown Bartlett Mixed-Use Commercial Building

      Historic mixed-use building in downtown Bartlett with income potential.
      111 W Railroad Ave, Bartlett, IL 60103
      View Details
    • $675,000
      6,140 SF

      Bartlett Office Building - $675K

      Multi-tenant office, 6,140 SF, 100% occupied.
      301 Railroad Ave, Bartlett, IL 60103
      View Details
    • $420,000
      2,300 SF

      Bartlett Mixed-Use Commercial Building

      Historic mixed-use commercial building in downtown Bartlett, across from Metra.
      111 W Railroad Ave NW, 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

    FAQs

    What type of property is this?
    Flex space - Spacious industrial condo ideal for business or car enthusiasts.
    Where is this flex space located?
    The property is located at 1281 Humbracht Cir, Unit M Bartlett, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Drive-in doors on each side for easy RV/trailer access.; - Located at the end of the building, offering less traffic and more privacy.; - Includes a reception area, private office, and full bathroom.
    (847) 541-5000
    Request Owner's contact information
    1281 Humbracht Cir, Unit M 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.
    1281 Humbracht Cir, Unit M
    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
    1281 Humbracht Cir, Unit M 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
    Dean Tubekis
    Dean Tubekis
    Real Estate License ID: 475137834
    (847) 541-5000 (847) 382-3600 (847) 809-8070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!