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    OFF-MARKET
    Land

    1020 Bartlett Rd, Bartlett, IL 60103

    6.29 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.29-acre commercial development site in Bartlett, Illinois, presents a unique investment opportunity. Located at 1020 W Bartlett Rd, 60103, this fee-simple property boasts a prime location with excellent visibility and access. Recently subdivided from a larger parcel, it benefits from a Planned Unit Development (PUD) already in place, permitting B3 commercial uses. The site is annexed and ready for development, with sewer and water readily available. Proposed access points include full access to West Bartlett Road and a right-in-right-out onto Route 59, a high-traffic artery with over 37,000 vehicles per day. West Bartlett Road also sees approximately 15,000 vehicles daily, ensuring significant exposure for future tenants. The property's strategic location is further enhanced by the construction of 346 residential units on an adjacent lot by DR Horton, creating a built-in customer base. This site is perfectly suited for a variety of retail uses, including restaurants (QSR), grocery stores, and multi-tenant commercial buildings. The seller is open to subdividing the land to accommodate the right development plan. The asking price is $2,055,000, with a land value of $7.50 per square foot. Cook County APN is to be determined.

    Property profile
    Verified
    Property type Land
    Lot 6.29 ac (273,992 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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