1048-1054 Norwood Lane — Sale in Bartlett, IL

  • Price: $1.4M
  • Listing type: For sale
  • Asset type: Office
  • Location: Bartlett, IL 60103
  • Size: 5,239 SF
  • Year built: 1996

Photos

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Investment Figures

Cap rate
6.00%
Price per square foot
$258
Price per unit
$675,000 across 2 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Investor Opportunity. Long term Tenants anchored by Advocate Medical, 5,239 sq ft Single Story Building. Built in 1996 with recent Capital Improvements of New Roof 2023, and 3 AC Units. Located along Rt 59 Corridor with high traffic counts and Strong Financial Demographics. 100% Occupancy with Leases extended at 3% escalation. Investor Opportunity. Long term Tenants anchored by Advocate Medical, 5,239 sq ft Single Story Building. Built in 1996 with recent Capital Improvements of New Roof 2023, and 3 AC Units. Located along Rt 59 Corridor with high traffic counts and Strong Financial Demographics. 100% Occupancy with Leases exoended at 3% escalation. Long Standing Tenant Advocate Health and Hospitals with an extension until October 2028 and Hoffmeister Dental leased through April 2031. Building SF: 5239 | Land Size: 0.76 Ac | Year Built: 1996 | Listing Type: FOR SALE

Market Context

This office in Bartlett, IL is listed for sale at $1,350,000 across 5,239 SF ($258/SF). It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1996. Compare it against other office listings for sale in Bartlett, IL — view the full market.

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Questions to ask the broker

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  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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