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    OFF-MARKET
    Residential income homes

    211 Railroad Ave, Bartlett, IL 60103-4427

    2,213 SF 0.26 ac lot Built 1874
    Individually Owned 19-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-1009490
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Therapeutic Touch Alternative Medicine Practice Spa & Massage Center
    • New to U at Banbury Fair Discount Store (Bike/Boat/Book/etc) Store
    • The Basement Cleanup Company Hardware & Home Improvement Construction Company
    • d^licious Coffee Bar Cafe & Coffee Shop
    • Banbury Fair Home Decor Store Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    R SUFFERN
    R SUFFERN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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