Property profile

0 Bartlett & Munger Rds Bartlett, IL 60103

OFF-MARKET
Land
2.83 ac lot
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Property summary

AI-generated overview

This exceptional 2.83-acre commercial land parcel is situated at the southeast corner of West Bartlett and Munger Roads in Bartlett, Illinois (Cook County, zip code 60103). The property, APN 06-33-301-029-0000, offers a unique opportunity for development, boasting a land value of $5.23 per square foot. Its strategic location is adjacent to Liberty Elementary School, ensuring high visibility and potential for various commercial uses. All essential utilities—sanitary sewer, water, gas, and electric—are readily available adjacent to the site. The Village of Bartlett acknowledges the need for rezoning, streamlining the development process. Importantly, no recapture is required on existing infrastructure, and an existing access road is already in place. Furthermore, off-site detention has been accounted for, maximizing the usable land area. This property presents a compelling investment opportunity due to its prime location, convenient access to utilities, and the village's supportive stance on rezoning. The asking price is $645,000.

Property profile

Verified
Property type Land
Lot 2.83 ac (123,275 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Bartlett & Munger Rds Bartlett, IL 60103
Bartlett metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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