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Listing provided courtesy of Keller Williams InspireMREDas Distributed by MLSGrid- MLS# 12494981MLS Provider

1048-1054 Norwood LaneBartlett, IL 60103

Commercial · 5,239 Sq. ft. | 0.76 Acres
$1,285,000 Active

1048-1054 Norwood Lane Overview

Time on Site:
259 days
Visits:
14

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. Full occupancy with Leases extended at 3 per escalation. Surrounded by commercial and residential growth.

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1048-1054 Norwood Lane Facts & Features

  • Type Commercial
  • Sq. ft. 5,239
  • Price/Sq.ft. $245
  • Lot 0.76 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 148680
  • Gross Scheduled Income: 148680
  • Net Operating Income: 105969
  • Operating Expense: 42711

Building Information

  • Year Built: 1996

Business Information

  • Current Use: Commercial,Medical/Dental

Location/Region

  • County Or Parish: DuPage
  • MLS Area Major: Bartlett
  • Township: Wayne

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $23,611.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0104408010
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Zoning: OFFIC

Interior

Building Interior

  • Building Area Total: 5239

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Leasable Area: 5239
  • Stories: 1

Unit Information

  • Unit SqFt.: 5239

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.76
  • Lot Size Dimensions: 180 x 186
  • Lot Size Square Feet: 33300

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

General Information

  • Number Of Units Total: 2

1048-1054 Norwood Lane Neighborhood

Community

60103 (BARTLETT) Demographics

41
Median Age
2,143
Population Density (per sq. mile)
53%
College Educated
$110,955
Estimated Median Income
11,738
Estimated Total Home Owners
2,065
Estimated Total Renters
85% / 15%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1048-1054 Norwood Lane Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1048-1054 Norwood Lane Market Data

Based on the last 30 days in this zip code

$476,665
Average List Price
$232
Average Price per Square Foot
62
Properties Sold
54
Average Days on Market
138
Properties for Sale
Calculations provided by Reliance Network

1048-1054 Norwood Lane History

Date Event Value Agent
2/8/2026Source: MRED Status Change
Active
2/3/2026Source: MRED Price Reduction
$1,285,000 -4.8%
2/3/2026Source: MRED Status Change
Price Change
10/18/2025Source: MRED Status Change
Active
10/13/2025Source: MRED Added to Database
October 13, 2025