Property profile

355 S Prospect Ave Bartlett, IL 60103

FOR LEASE
Commercial real estate
Property ID
US28-2630200
0.72 ac lot Built 1994
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Devon Prospect Plaza, located at 355 S Prospect Ave, Bartlett, IL 60103, offers exceptional retail space in a high-traffic area of Cook County. This single-story, 20,500 square foot Class C building, constructed in 1988, features 12 suites with 6,000 square feet currently vacant. Individual suites range from a minimum of 900 square feet to a maximum contiguous space of 2,700 square feet, providing flexibility for various business needs. The property sits on 5.08 acres of land and boasts ample parking with 135 spaces. Its B-3 zoning provides diverse usage options. The building's strong tenancy history, with nearly 70% of current tenants operating for over a decade, and recent long-term lease renewals by major tenants like 7-Eleven and National Karate, highlight the desirability of this location. This Bartlett property benefits from excellent weekday and weekend traffic, making it an ideal investment opportunity in a densely populated Chicago suburb. The building has a floor area ratio (FAR) of 0.09. Cross street access is available via E Devon Ave.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Lot 0.72 ac (31,500 SF)
APN 06-35-400-114
UPID US28-2630200

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
  • (Bike/Boat/Book/etc) Store

Location

355 S Prospect Ave Bartlett, IL 60103
Bartlett metro Census 804505 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2024
Last sale
$170,000
7 recorded transactions
2024
$170,000
2024
Price N/A
2022
$120,000
2021
Price N/A
2021
$1.5M
2020
$1.4M
2001
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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