Property profile

211 Railroad Ave Bartlett, IL 60103

OFF-MARKET
Residential income homes
Property ID
US28-1009490
2,213 SF 0.26 ac lot Built 1874
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,900 square foot mixed-use property at 211 W Railroad Avenue in Bartlett, IL presents a unique investment opportunity. Located in the prestigious Banbury Fair, directly across from the new MORE Brewery and the train station, this building boasts a prime downtown location. Currently housing a thriving mix of businesses including a coffee bar, tapas and wine bar, women's clothing boutique, jewelry store, baby shop, furniture store, home dГ©cor shop, and seasonal decorations retailer, the property generates significant rental income. The building also features a spacious outdoor courtyard, a popular venue for weddings, receptions, concerts, and other events, with ample outdoor seating for the existing businesses and a stage for live performances. Adding to the income potential, a 1,500 square foot, three-bedroom, one-bathroom apartment with laundry facilities occupies the second floor. A large city parking lot is conveniently adjacent to the building. The owner has recently completed $300,000 in updates and improvements. This property offers significant upside potential for investors seeking a strong return on investment, owner-users looking for a unique business location, or developers seeking a redevelopment opportunity in a high-demand area. The motivated seller is ready to act. Serious inquiries only. Please schedule a showing to explore this remarkable property.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1874
Construction FRAME
Total area 2,213 SF
Lot 0.26 ac (11,168 SF)
APN 06-34-408-022
UPID US28-1009490

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
  • Alternative Medicine Practice Spa & Massage Center
  • Discount Store (Bike/Boat/Book/etc) Store
  • Hardware & Home Improvement Construction Company
  • Cafe & Coffee Shop
  • Home Decor Store Furniture & Home Goods

Location

211 Railroad Ave Bartlett, IL 60103-4427
Bartlett metro Census 804505 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

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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