Add Listing
    For Lease
    • 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

    810 Illinois Rte 59 Bartlett, IL 60103

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Outlots available for ground lease in busy Bartlett center.

    Type:Retail
    Added:
    Aug 1, 2018
    Days on Market:
    2819
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 810 Illinois Rte 59

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1991

    Spaces For Lease

    at 810 Illinois Rte 59 Contact us

    We can help!

    Listing Contact
    Joel Miller

    Listing agent Joel Miller License #IL 475152032

    Listing office SVN Landmark Commercial Real Estate

    Listing date Aug 1, 2018

    Source Crexi

    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 SVN Landmark Commercial Real Estate

    Overview

    Bartlett Retail Outlot Opportunities

    Outlot opportunities are available for ground lease at a high-traffic center in Bartlett. The location offers potential for build-to-suit options for credit tenants. The center features a mix of retail, medical, restaurant, and daily needs service businesses. Current tenants include Northwestern Medicine Convenient Care, Dollar Tree, DuPage Medical Group, Anytime Fitness, and Smokin' Pit BBQ. The location is suited for grocery, medical, retail, and restaurant uses. The center provides full access to both Route 59 and Stearns Road.
    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 Lease

    • Contact for pricing

      Retail Space in Downtown Bartlett

      Versatile retail space in high-traffic area, flexible lease terms.
      338 Main Street, Bartlett, IL 60103
      View Details
    • $20/mo

      Office Space Near Elementary School

      Office space for rent, convenient location near school.
      260 E Army Trl Rd, Bartlett, IL
      View Details
    • $17/mo

      Turn-Key Ready Retail/Office Space

      Street-level retail/office space near Metra station in densely populated area.
      227 S Main Street, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces for rent, ranging from 250 to 300 SqFt.
      850 W Bartlett Rd, Bartlett, IL 60103
      View Details
    • $10/mo

      Bartlett Industrial Space Available

      10,375 SF industrial suite in Bartlett, Illinois.
      1271 Humbracht Cir, Bartlett, IL
      View Details
    • $16/mo

      Restaurant Space Near Metra Station

      Remodeled restaurant space in downtown Bartlett near Metra station.
      233 S Main St, Bartlett, IL
      View Details
    • Contact for pricing

      Retail Space on Lake Street

      Retail space available in Oakfield Center on Lake Street.
      125 E Lake St, Bartlett, IL
      View Details
    • Contact for pricing

      Bartlett Warehouse Space Available

      155,400 SF warehouse with 36' clear height for lease.
      1350 Munger Rd, Bartlett, IL
      View Details
    • Contact for pricing

      Bartlett Retail and Office Spaces

      Prime retail and office spaces in Bartlett, Illinois.
      314 S Main St, Bartlett, IL 60103
      View Details
    • Contact for pricing

      92,000 SF Power Center

      Power center with exposure on Route 59 in Bartlett, IL.
      1005 Stearns Rd, Bartlett, IL
      View Details
    • Contact for pricing

      Retail Space in Power Center

      92,000 SF power center with high visibility on Route 59.
      1001 W Stearns Rd, Bartlett, IL
      View Details
    • Contact for pricing

      Bartlett Retail Space For Rent

      Retail property in a high-traffic Chicago suburb.
      355 S Prospect Ave, Bartlett, IL 60103
      View Details

    FAQs

    What type of property is this?
    Commercial land - Outlots available for ground lease in busy Bartlett center.
    Where is this commercial land located?
    The property is located at 810 Illinois Rte 59 Bartlett, IL.
    What are key features of this property?
    This property features: Located in the busiest center in Bartlett with excellent co‑tenancy.; Anchored by Northwestern Medicine Convenient Care, Dollar Tree, DuPage Medical Group, Anytime Fitness, and Smokin' Pit BBQ.; Full access to both Rt 59 and Stearns Rd.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joel Miller
    Real Estate License ID: IL 475152032
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!