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848 W Bartlett Rd
Bartlett, IL 60103

$449,000 USD

Office Condo For Sale  •  7,697 SF

Property Details

  • Property Type Office
  • Total Building Size 7,697 SF
  • Lot Size 2.55 AC
  • Building Class B
  • Year Built 1979
  • Cap Rate 9.02 %
  • Tenancy Multiple
  • Zoning OR
0 Transit Score
37 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 14E Office 7,697 SF $449,000 USD
  • Unit Size: 7,697 SF
  • Condo Use: Office
  • Price: $449,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $58.33 USD
Description
7,697sf Office Condo built in 1979 and remodeled in 1995. Features well-appointed lobby area, ten excellent long-term tenants, two common area restrooms, front and back condo entries with key fob access. Layout of entire condo could accommodate single-user with 20 private offices making the condo perfect for user/owner as well as investor!

Sale Notes
Priced to sell: Under $60 per square foot.  9% cap rate!!  Prime Bartlett Road location just 1,000 feet east of Route 59.   Approx. one mile from Bartlett Metra Station. Backs to Bartlett Hills Golf Club - a perfect place to entertain clients.  Property suitable for user/owner, as well as investor! Don't sleep on this one!

Description 

Single-story attractive brick building.  Well-manicured, nicely landscaped grounds. Ample parking with front lot for clients and large back lot for employees.  Three-owner Condo Association $1,632/mo.  Covers Landscaping, Scavenger, Insurance, Common Area Utilities, Property Taxes for Back Parking Lot/Grounds, Exterior Building/Roof Maintenance/Repairs, Backflow Maintenance/Repair, Snow Removal and Association Accounting.  Monument sign in front of building provides excellent advertising for user/owner or potential income stream for investor.

Highlights

PRICED TO SELL: Under $60 per square foot! 9% Cap Rate!
Investor upside with 1,066sf common area not currently accounted for in rental rates.
Ten excellent long-term tenants. Attractive building. Ample Parking. Condo association covers many common expenses.
9,350 Average Daily Traffic (IDOT: July 2024)

Property Flyers

Financial Summary

Cap Rate: 9.02 %
Total Expenses: $9 USD

Amenities

  • Signage
  • Natural Light
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Bartlett Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 20 min 0.9 mi
Hanover Park Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 4.4 mi
AirportDriveWalkDistance
Chicago O'Hare International 35 min - 26.0 mi
Chicago Midway International 50 min - 35.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 105
Type: Surface
Included in Rent: Yes
Rhonda Foster 847-397-8900 DK Realty Partners
Rhonda Foster 847-397-8900 DK Realty Partners