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1505 N Mannheim Rd 7,040 SF 100% Leased Retail Building Stone Park, IL 60165 $5,470,000 ($776.99/SF) 7% Cap Rate
Investment Highlights
- Fully leased neighborhood retail center with a diverse mix of food-and-beverage, office, and residential tenancy.
- Located in Stone Park, a densely populated suburb with convenient access to surrounding Chicago-area communities.
- Street-retail setting surrounded by complementary commercial uses that support daily consumer traffic.
- Positioned along Mannheim Road with direct exposure to one of the western Chicago area's major commercial corridors.
- Multi-tenant asset offering established occupancy and a broad tenant mix within a single property.
- Fee simple ownership opportunity with in-place tenancy and neighborhood retail fundamentals.
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Mannheim Plaza, a 100% leased unanchored neighborhood shopping center featuring a mix of food and beverage tenants, long-term office tenant, and apartment unit in the dense and affluent Chicago suburb of Stone Park.
Subject Offering can be purchased as two separate investment opportunities consisting of 1501-1505 N Mannheim Road and 1511 N Mannheim Road, respectively.
Subject Offering is also available as part of a portfolio with New Town Plaza (1559 N Mannheim Road, Stone Park, IL 60165). Contact Marketing Team for details.
Subject Offering can be purchased as two separate investment opportunities consisting of 1501-1505 N Mannheim Road and 1511 N Mannheim Road, respectively.
Subject Offering is also available as part of a portfolio with New Town Plaza (1559 N Mannheim Road, Stone Park, IL 60165). Contact Marketing Team for details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,040 SF
Building Class
C
Year Built
2017
Price
$5,470,000
Price Per SF
$776.99
Cap Rate
7%
NOI
$382,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.54 AC
Amenities
- Bus Line
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-04-300-029-0000 | Improvements Assessment | $40,607 |
| Land Assessment | $27,412 | Total Assessment | $68,019 |
Property Taxes
Parcel Number
15-04-300-029-0000
Land Assessment
$27,412
Improvements Assessment
$40,607
Total Assessment
$68,019
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1505 N Mannheim Rd
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