Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    335 Prospect Ave Bartlett, IL 60103
    Back to Search
    Property profile & analytics

    335 Prospect Ave Bartlett, IL 60103

    View on Map
    • Specialty properties
    • 2,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 335 Prospect Ave

    Year built
    1994
    Property size
    2,800 SF
    Property type
    Specialty properties
    Property subtype
    Car washes

    Description

    Prime Bartlett location, this vacant 2,800 sq ft car wash building presents a unique investment opportunity. Built in 1994, the single-story structure features two automatic and four self-serve bays, a freshly seal-coated parking lot, and updated landscaping. A new electric transformer ensures reliable power. While the computerized wash system and other mechanical equipment (water heaters, boiler, furnace) appear to be in good condition, utilities have been disconnected, and the seller makes no representation regarding their operability. The large parking lot with double entrances offers potential for additional revenue streams through added services. The property is zoned B-1, previously holding a special use permit. This high-traffic location is priced for a quick sale, making it ideal for cash or contingency-free offers. The asking price is $195,000, with a price per square foot of $69.64. The Cook County property (APN: 06-35-400-114-0000) is located at 335 S Prospect Ave, Bartlett, IL 60103. The property is vacant and ready for a new owner to bring their vision to this thriving area. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Cook
    State
    Illinois
    Longitude
    -88.1735
    Latitude
    41.9897

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      230 Crst Ave

      RESIDENTIAL PARKING GARAGE • 0.08 Acres
      230 Crst Ave, Bartlett, IL 60103-4108
      View Details
    • Value Estimation by Request
      0.90 Acres

      555 Lk St

      GAS STATION • 0.90 Acres
      555 Lk St, Bartlett, IL 60103-4054
      View Details
    • Value Estimation by Request
      0.23 Acres

      406 Taylor Ave

      RESIDENTIAL PARKING GARAGE • 0.23 Acres
      406 Taylor Ave, Bartlett, IL 60103-4153
      View Details
    • Value Estimation by Request
      0.18 Acres

      326 Wn Ave

      RESIDENTIAL PARKING GARAGE • 0.18 Acres
      326 Wn Ave, Bartlett, IL 60103
      View Details
    • Value Estimation by Request
      2.50 Acres

      1028 Devon Ave

      AUTO REPAIR, GARAGE • 2.50 Acres
      1028 Devon Ave, Bartlett, IL 60103-4742
      View Details
    • Value Estimation by Request
      0.85 Acres

      167 Ingalton Ave

      RESIDENTIAL PARKING GARAGE • 0.85 Acres
      167 Ingalton Ave, Elgin, IL 60103
      View Details

    Similar Nearby for Sale

    • $275,000
      0.72 Acres

      Bartlett Commercial Redevelopment Opportunity

      High-visibility commercial lot in Bartlett, ideal for redevelopment.
      335 S Prospect Ave, Bartlett, IL 60103
      View Details
    • $895,000

      Commercial Property in Main Street Plaza

      Commercial property for sale in Bartlett, Illinois.
      314 S Main St, Bartlett, IL 60103
      View Details
    • Contact for pricing
      4,860 SF

      Freestanding NNN Restaurant Investment Opportunity

      NNN leased freestanding Neehee’s Restaurant in Hanover Park, Illinois.
      1850 Army Trail Rd, Hanover Park, IL 60103
      View Details
    • $449,000

      Industrial Condo in Brewster Creek

      Spacious industrial condo ideal for business or car enthusiasts.
      1281 Humbracht Cir, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Prime Retail Outlot with Drive-Thru

      Build-to-suit outlot opportunity in dynamic Bartlett retail location.
      810-892 Rte 59, Bartlett, IL 60103
      View Details
    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for owner-users.
      111 W Railroad Ave, Bartlett, IL 60103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,537 SF

      Retail Spaces Available For Lease

      Retail spaces available in busy shopping center.
      799-891 S Illinois Rte 59, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Bartlett Retail Outlot Opportunities

      Outlots available for ground lease in busy Bartlett center.
      810 Illinois Rte 59, Bartlett, IL 60103
      View Details
    • Contact for pricing
      2,600 SF

      QSR End Cap with Drive-Thru

      First generation restaurant space with drive-thru, connected to Thorntons.
      823 W Lake St, Hanover Park, IL 60103
      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
    • 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
    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.
    335 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
    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

    Thank You for Inquiry
    335 Prospect Ave, Bartlett, IL, 60103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!