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840 W Bartlett Rd
Bartlett, IL 60103
Office Property For Sale
Investment Highlights
- 5,100 SF | Two identical floors of 2,550 SF each
- Prominent signage on W Bartlett Road
- Close proximity to IL Rt 59
- 3 suites, each with a dedicated entrance
- Private dedicated off-street parking lot
- Owner/user with income or investment
Executive Summary
Fully occupied, three-tenant professional office building just off IL Route 59 in Bartlett where first-floor tenants - a dental practice and a professional office user on fresh three year leases - generate $59,550 annually, more than covering the building's current operating expenses. The seller occupies the second floor and will leaseback at market rate for an investor or vacate for an owner-user who wants a professional home base with prominent Bartlett Road signage, dedicated suite entrances, and a private parking lot.
Located in the Far Northwest Submarket of Bartlett, Illinois, at 840 W Bartlett Rd. The property is situated in Cook County, offering convenient access to major transportation routes. It is a 20-minute walk to Bartlett Station and an 8-minute drive to Hanover Park Station, providing excellent commuter rail connectivity. Chicago O'Hare International Airport is a 35-minute drive, while Chicago Midway International Airport is 50 minutes away. The property features ample parking with surface and covered spaces available. Nearby traffic volume includes 41,866 vehicles on W Bartlett Rd (2023).
Located in the Far Northwest Submarket of Bartlett, Illinois, at 840 W Bartlett Rd. The property is situated in Cook County, offering convenient access to major transportation routes. It is a 20-minute walk to Bartlett Station and an 8-minute drive to Hanover Park Station, providing excellent commuter rail connectivity. Chicago O'Hare International Airport is a 35-minute drive, while Chicago Midway International Airport is 50 minutes away. The property features ample parking with surface and covered spaces available. Nearby traffic volume includes 41,866 vehicles on W Bartlett Rd (2023).
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
5,100 SF
Building Class
B
Year Built
1989
Price
$1,178,190 CAD
Price Per SF
$231.02 CAD
Cap Rate
7.54%
NOI
$88,878 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,550 SF
Building FAR
0.47
Lot Size
0.25 AC
Zoning
OR, Bartlett
Parking
20 Spaces (3.92 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 06-34-100-018-0000 | Improvements Assessment | $141,762 CAD |
| Land Assessment | $25,321 CAD | Total Assessment | $167,083 CAD |
Property Taxes
Parcel Number
06-34-100-018-0000
Land Assessment
$25,321 CAD
Improvements Assessment
$141,762 CAD
Total Assessment
$167,083 CAD
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