848 w bartlett rd

KW COMMERCIAL45 S. Park, Suite 300Glen Ellyn, IL 60137 CJ MCCANN

Broker0: 630.984.4701C: [email protected]

SUSANNE GUTHRIEBrokerO: 630.545.9860C: [email protected]

848 W Bartlett Rd

OFFERING MEMORANDUM

PRESENTED BY:

BARTLETT, IL

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

45 S. Park, Suite 300

Glen Ellyn, IL 60137

Confidentiality & Disclaimer

CJ MCCANNBroker0: 630.984.4701C: [email protected]

SUSANNE GUTHRIEBrokerO: 630.545.9860C: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Glen Ellyn, IL in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

BARTLETT, IL

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DETAILS

RENT ROLL

FLOOR PLAN

INTERIOR

1PROPERTY INFORMATION848 W BARTLETT RD

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $499,000

NUMBER OF UNITS: 1

2019 TAXES: $81,711

LOT SIZE: 2.55 Acres

BUILDING SIZE: 7,697 SF

ZONING: OR

MARKET: Chicago

SUBMARKET: Far Northwest

TRAFFIC COUNT: 9,352

PRICE / SF: $64.83

PROPERTY OVERVIEWOffice building remodeled in 1995 featuring plenty of parking space for tenants andvisitors, an inviting reception area to meet your clients, and private offices withflexibility for creating open space if desired. Excellent long term tenants andavailability of several spaces for new tenants. Perfect for the owner user orinvestor. Conveniently located one mile from the Bartlett Metra Station and backsto Bartlett Hills Golf Club--a perfect place to entertain clients. NOTE: The most recent tax bill /assessed value is being appealed and currently atthe County Board of Review level. The owner of 848 and the owners of the othertwo condos in the building appeal the taxes annually with the assistance of a taxattorney and have consistently had success in getting reductions. The marketvalue is significantly higher than the current asking price, so once there is a sale,the new price should be taken into consideration.

PROPERTY HIGHLIGHTS

Easy access to Expressways & Metra

7,600 Office condo

Owner/user or investment

Executive Summary

848 W BARTLETT RD 1 | PROPERTY INFORMATION


SALE PRICE $499,000

LOCATION INFORMATION

Street Address 848 W Bartlett Rd

City, State, Zip Bartlett, IL 60103

County/Township Cook

Market Chicago

Submarket Far Northwest

Cross Streets 59 / W Bartlett Rd

Side Of Street North

Road Type Paved

Market Type Medium

Nearest Highway 59

Nearest Airport O'Hare International Airport

BUILDING INFORMATION

Building Size 7,697 SF

Price / SF $64.83

Year Built 1991

Building Class B

Number Of Floors 1

Average Floor Size 7,600 SF

Load Factor Yes

Construction Status Existing

PROPERTY DETAILS

Property Type Condo

Property Subtype Office Building

Zoning OR

Lot Size 2.55 Acres

APN# 06-34-100-029-1001, 06-34-100-029-

1004, 06-34-100-029-1005

Submarket Far Northwest

Traffic Count 9,352

Traffic Count Street Bartlett / Regency

PARKING & TRANSPORTATION

Parking Type Surface

Parking Ratio 4.0

Property Details



TENANT

NAME

UNIT

NUMBER

UNIT

SIZE (SF)

LEASE

START

LEASE

END

MARKET

RENT

MONTHLY

RENT

% OF

BUILDING

Fine Circuits 6E,7E, Hall 1,180 4/1/20 3/31/21 $1,500 $1,500 15.33

Liberty Roofing 12A / 13E 710 8/1/20 7/31/21 $1,200 $1,200 9.22

VACANT 14E 698 $1,100 $0 9.07

VACANT 100E 244 $395 $0 3.17

VACANT 11E 2,055 $3,070 $0 26.7

Media Group 10E 487 3/1/20 2/28/21 $575 $575 6.33

HKS 9E 225 3/1/20 2/28/22 $287 $287 2.92

Chicago RE Investments 1E 1,451 $1,545 $1,545 18.85

Kurt Hurtgen Mail 1 0 $100 $0 0.0

Parade of Homes Mail 2 0 2/28/22 $250 $0 0.0

EAI Mail 3 0 $50 $0 0.0

Totals/Averages 7,050 $10,073 $5,107

Rent Roll



Floor Plan



Interior


LOCATION INFORMATION

2 | LOCATION INFORMATION

LOCATION MAPS

RETAILER MAP

2LOCATION INFORMATION848 W BARTLETT RD

OFFERING MEMORANDUM


Location Maps

848 W BARTLETT RD 2 | LOCATION INFORMATION


Retailer Map

848 W BARTLETT RD 2 | LOCATION INFORMATION

SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

3SALE COMPARABLES848 W BARTLETT RD

OFFERING MEMORANDUM


Subject Property

848 W Bartlett Rd | Bartlett, IL 60103

$499,000Sale Price: 2.55 AcresLot Size:

1991Year Built: 7,697 SFBuilding SF:

$64.83Price PSF:

Office building remodeled in 1995 featuring plenty of parking space for tenants and visitors, an inviting reception area to meet your clients, and private offices with flexibility for creating open space if desired. Excellentlong term tenants and availability of several spaces for new tenants. Perfect for the owner user or investor. Conveniently located one mile from the Bartlett Metra Station and backs to Bartlett Hills Golf Club--a perfectplace to entertain clients

2 Star Office

1

1989 E Devon AveHanover Park, IL 60133



$75.59Price PSF: 01/08/2021Closed:

1

2 Star Office

2

1210 Hunter DrElgin, IL 60120

$325,000Sale Price: 2 AcresLot Size:



2

2 Star Office

3

1060 Lake StHanover Park, IL 60133




3

Sale Comps

848 W BARTLETT RD 3 | SALE COMPARABLES


3 Star Office Condo

4

200 W River DrSaint Charles, IL 60174




4

3 Star Office

5

846 Dundee AveElgin, IL 60120




5

2 Star Office

6

736-738 Dundee AveElgin, IL 60120


2,426 SFBuilding SF: $65.95Price PSF:

10/30/2018Closed:

6

Sale Comps



1

2

3

4

5

6

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF

848 W Bartlett Rd Bartlett, IL 60103

$499,000 7,697 SF $64.83

SALE COMPS PRICE BLDG SF PRICE/SF CLOSE

1989 E Devon Ave Hanover Park, IL 60133

$315,000 4,167 SF $75.59 01/08/2021

1210 Hunter Dr Elgin, IL 60120

$325,000 4,462 SF $72.84 12/21/2020

1060 Lake St Hanover Park, IL 60133

$800,000 13,768 SF $58.11 12/14/2018

200 W River Dr Saint Charles, IL 60174

$440,000 6,953 SF $63.28 05/26/2021

846 Dundee Ave Elgin, IL 60120

$300,000 3,650 SF $82.19 12/20/2019

736-738 Dundee Ave Elgin, IL 60120

$160,000 2,426 SF $65.95 10/30/2018

PRICE BLDG SF PRICE/SF CLOSE

Totals/Averages $390,000 5,904 SF $66.06

Sale Comps Summary



848 W Bartlett Rd | Bartlett, IL 60103SUBJECT PROPERTY

1Hanover Park, IL60133

1989 E DEVON AVE 2Elgin, IL60120

1210 HUNTER DR

3Hanover Park, IL60133

1060 LAKE ST 4Saint Charles, IL60174

200 W RIVER DR

5Elgin, IL60120

846 DUNDEE AVE 6Elgin, IL60120

736-738 DUNDEE AVE

Sale Comps Map


DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS848 W BARTLETT RD

OFFERING MEMORANDUM


POPULATION 1 MILE 3 MILES 5 MILES

Total population 7,250 69,433 206,416

Median age 37.2 35.1 34.3

Median age (male) 36.5 34.2 33.6

Median age (Female) 37.6 35.9 35.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,536 23,549 68,862

# of persons per HH 2.9 2.9 3.0

Average HH income $101,924 $88,931 $85,077

Average house value $349,882 $319,084 $289,017

* Demographic data derived from 2010 US Census

Demographics Map

848 W BARTLETT RD 4 | DEMOGRAPHICS

848 w bartlett rd

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