Property profile

778 Bartlett Rd Bartlett, IL 60103

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

This exceptional 2,396 square foot restaurant space in Bartlett, IL, is ideally situated near the highly trafficked IL-59, offering immediate access to a substantial customer base. The property boasts a complete build-out, including a newer hood vent, double walk-in cooler/freezer units, stylish shiplap and quartz finishes in the dining area, updated lighting and fans, and a wired surround sound system. Two fully decorated bathrooms are also included. The space is zoned PD and features high-quality, heavy-duty commercial tile flooring. While the previous tenant operated a poker gaming establishment, the landlord is not willing to make any lease contingent upon village gaming approvals. The asking rent is $20 per square foot annually, plus a CAM and tax charge of $7.85 per square foot, totaling $27.85 per square foot annually. Potential tenants should be prepared to provide their own commercial cooking equipment, POS systems, and obtain any necessary permits and certifications. The landlord is highly motivated to secure a tenant quickly and is open to discussions with prospective businesses looking to establish themselves in this prime location. The property's attractive design and convenient location make it an excellent opportunity for a quick start-up. Serious inquiries are encouraged.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

778 Bartlett Rd Bartlett, IL 60103
Bartlett metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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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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