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

    355 Prospect Ave Bartlett, IL 60103

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Bartlett storefront, multiple suites available.

    Lot size:
    20,500 SF

    Property Features for 355 Prospect Ave

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,500 SF
    Class
    C
    Total Rate
    17083.33

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 355 Prospect Ave, Bartlett, IL 60103 Contact us
    Unit Unit 395

    $10 /Mo

    Size
    1,500 SF
    Contact us
    Unit Unit 365

    $10 /Mo

    Size
    2,700 SF
    Contact us

    We can help!

    Listing Contact
    Carlo Santucci
    Carlo Santucci

    Listing Agency: Avalon Realty Associates, LLC Listing Agent: Carlo Santucci

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

    Learn more

    Property Insight Report

    Overview

    Devon Prospect Plaza, located at 355 S Prospect Ave, Bartlett, IL 60103, offers exceptional retail space in a high-traffic area of Cook County. This single-story, 20,500 square foot Class C building, constructed in 1988, features 12 suites with 6,000 square feet currently vacant. Individual suites range from a minimum of 900 square feet to a maximum contiguous space of 2,700 square feet, providing flexibility for various business needs. The property sits on 5.08 acres of land and boasts ample parking with 135 spaces. Its B-3 zoning provides diverse usage options. The building's strong tenancy history, with nearly 70% of current tenants operating for over a decade, and recent long-term lease renewals by major tenants like 7-Eleven and National Karate, highlight the desirability of this location. This Bartlett property benefits from excellent weekday and weekend traffic, making it an ideal investment opportunity in a densely populated Chicago suburb. The building has a floor area ratio (FAR) of 0.09. Cross street access is available via E Devon Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L & M Christmas ... (Bike/Boat/Book/etc) Store

    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
    -88.1734807
    Latitude
    41.989698

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Downtown Bartlett

      Versatile retail space in high-traffic area, flexible lease terms.
      338 Main St, Bartlett, IL 60103
      View Details
    • $16 SF/Yr
      1,200 SF

      Restaurant Space Near Metra Station

      Remodeled restaurant space in downtown Bartlett near Metra station.
      233 S Main St, Bartlett, IL 60103
      View Details
    • $20 SF/Yr
      1,650 SF

      Office Space Near Elementary School

      Office space for rent, convenient location near school.
      260 E Army Trail Rd, Bartlett, IL 60103
      View Details
    • $20 SF/Yr
      5,000 SF

      Retail Center at Key Intersection

      Retail space available in a prominent, well-tenanted shopping center.
      810-892 Illinois Rte, Bartlett, IL
      View Details
    • Contact for pricing
      900 SF

      92,000 SF Power Center

      Power center with exposure on Route 59 in Bartlett, IL.
      1005 Stearns Rd, Bartlett, IL 60103
      View Details
    • Contact for pricing
      5,200 SF

      Prime Retail Space in Bartlett

      Retail/restaurant space available in a busy Bartlett center.
      850-892 Illinois Rte, Bartlett, IL
      View Details
    • Contact for pricing
      2,537 SF

      Retail Spaces Available For Lease

      Retail spaces available in busy shopping center.
      799-891 S Illinois Rte, Bartlett, IL 60103
      View Details
    • Contact for pricing
      155,400 SF

      Bartlett Warehouse Space Available

      155,400 SF warehouse with 36' clear height for lease.
      1350 Munger Rd, Bartlett, IL 60103
      View Details
    • Contact for pricing
      12,000 SF

      Warehouse/Distribution Space For Lease

      Warehouse/distribution space for lease in new construction precast building.
      315 Miles Pkwy, Bartlett, IL
      View Details
    • Contact for pricing
      1,831 SF

      Retail Space in Power Center

      92,000 SF power center with high visibility on Route 59.
      1001 W Stearns Rd, Bartlett, IL 60103
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space on Lake Street

      Retail space available in Oakfield Center on Lake Street.
      125 E Lake St, Bartlett, IL 60108
      View Details
    • Contact for pricing
      166,573 SF

      New Industrial Building in Bartlett

      166,573 SF industrial building divisible to 50,000 SF.
      2305-2325 Kenyon Rd, Bartlett, IL 60103
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime Bartlett storefront, multiple suites available.
    Where is this retail space located?
    The property is located at 355 Prospect Ave Bartlett, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Up to 2,700 square feet available for lease.; High daytime traffic counts.; Suitable for retail, office, or quick-service restaurant uses.
    (847) 506-1000 Call to check price and availability
    Request Owner's contact information
    355 Prospect Ave 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.
    355 Prospect Ave
    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
    355 Prospect Ave 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Carlo Santucci
    Carlo Santucci
    Real Estate License ID: 471017723
    (847) 506-1000 (847) 293-2547
    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!