848 Bartlett Rd Bartlett, IL 60103
This exceptional 7,697 square foot Class B office condo, located at 848 West Bartlett Road in Bartlett, Illinois, presents a compelling investment opportunity. Built in 1979 and renovated in 1995, this single-story brick building boasts a 100% occupancy rate with ten long-term tenants, generating a substantial net operating income (NOI) of $40,431. The property features a well-appointed lobby, two common area restrooms, and convenient front and back entries with key fob access. The layout is versatile, easily accommodating a single user with 20 private offices, making it ideal for both owner-occupancy and investment. Ample parking is available, with a front lot for guests and a large rear lot for tenants. The property is part of a three-owner condo association, with a monthly fee of $1,632 covering landscaping, snow removal, waste removal, common area electricity and gas, and all exterior maintenance. A prominent monument sign offers excellent advertising potential. Situated on Bartlett Road, just east of Route 59 and approximately one mile from the Bartlett Metra station, this property enjoys a prime location, backing onto the Bartlett Hills Golf Club, providing a unique amenity for client entertainment. The asking price is $449,000, representing a price per square foot of $58.33 and an attractive 9% cap rate. The property's zoning is OR. The APN is 06-34-100-029-1001, 06-34-100-029-1004, 06-34-100-029-1005.
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Fine Circuits, Inc Industrial Manufacturer Production Facility
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Surevelox Inc. (Bike/Boat/Book/etc) Store Corporate Office
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Parade of Homes General Contractor
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Yellow Hat Remodeling Renovation Specialist General Contractor
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Chicago RE Investments Property Management Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.