Property profile

1020 Bartlett Rd Bartlett, IL 60103

OFF-MARKET
Land
6.29 ac lot
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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

Location

1020 Bartlett Rd Bartlett, IL 60103
Bartlett metro
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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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