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    Fully Leased Mixed-Use Retail and Apartment Title is generated by Realmo AI

    211-215 W Railroad Avenue, Bartlett, IL 60103

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    Claim this Listing
    For Sale
    $885,000

    COMMERCIAL - Bartlett, IL

    Property size:
    4,025 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $219/SF
    Added:
    Jun 10, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 25 at 8:06 am

    Property Features for 211-215 W Railroad Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    06344080220000
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10182

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    2

    We can help!

    Contact an agent
    Rudolph Johnson

    Listing agent Rudolph Johnson License #475139695

    Listing office Keller Williams Inspire 416 S 2nd St, Geneva, IL

    Listing date Jun 10, 2026

    MLS# 12674864

    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.

    HighLights

    • Fully leased mixed‑use property known as Banbury Fair, with retail, a restaurant space, and an apartment above.
    • Main mixed‑use building includes 4,025 SF of retail tenants such as a coffee shop, florist, and home design boutique.
    • Luxury 1,400 SF 3‑bedroom, 2‑bath apartment above the retail space for rental income or live‑work use.
    • Freestanding restaurant space offers 1,340 SF of fully operational dining/restaurant income.
    • Built in 1877 with renovations in the 1990s and a major renovation in 2006.
    • Central air included; full occupancy with all units currently rented.

    Overview

    This fully leased mixed-use property combines historic character with multiple income-producing components. The main mixed-use building totals 4,025 square feet and currently operates as a retail hub, including a coffee shop, a local florist, the Banbury Fair home design boutique, and additional boutique retail shops. A separate 1,400-square-foot luxury owner’s or rental apartment sits directly above the retail space, configured as a 3-bedroom, 2-bath residence suitable for either tenant rental or a live-work owner setup. The property also includes a 1,340-square-foot freestanding restaurant space that is described as fully operational and highly visible. Built in 1877, the property underwent extensive renovations in the 1990s, with a final major renovation completed in 2006.

    Located in the heart of downtown Bartlett, the property includes multiple addresses and is positioned within a short walk to the Metra train station, supporting a retail and dining mix designed for frequent local and commuter traffic. The property is offered under zoning designation COMMR.

    For tenants and buyers seeking a diversified, turnkey mixed-use arrangement, the building provides concurrent retail, restaurant, and residential income components with all units currently rented. The configuration also supports operator flexibility, including the possibility of owner-occupying the apartment while maintaining retail and restaurant operations.

    Local Financial Insights For Mixed Use

    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 $120.8k $30.00
    − Vacancy −$12.1k −$3.00
    EGI $108.7k $27.00
    − OpEx −$40.8k −$10.13
    NOI $67.9k $16.88
    4,025 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $970.3K
    $849.0K – $1.13M (±1% cap)
    NOI $67,922 @ 7.0% cap · market cap 7.67%
    Second Best
    Specialty Retail
    $962.6K
    $842.2K – $1.12M (±1% cap)
    NOI $67,379 @ 7.0% cap · market cap 7.61%
    Theoretical Best
    Office A
    $1.39M
    $1.22M – $1.62M (±1% cap)
    NOI $97,275 @ 7.0% cap · market cap 10.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Cook
    State
    Illinois
    Longitude
    -88.1866471
    Latitude
    41.9921341

    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use property with retail, a freestanding restaurant, and an apartment above, fully leased for immediate occupancy.
    Where is this mixed-use property located?
    The property is located at 211-215 W Railroad Avenue Bartlett, IL.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: Fully leased mixed‑use property known as Banbury Fair, with retail, a restaurant space, and an apartment above.; Main mixed‑use building includes 4,025 SF of retail tenants such as a coffee shop, florist, and home design boutique.; Luxury 1,400 SF 3‑bedroom, 2‑bath apartment above the retail space for rental income or live‑work use.
    More about this property
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