848 Bartlett Rd Bartlett, IL 60103

Property Details for 848 Bartlett Rd

Year built

1979

Property size

7,697 SF

Property type

Office Properties & Spaces

Description

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.

Location Insight

City

Bartlett

County

Cook

State

Illinois

Longitude

-88.2025

Latitude

41.9946