Log In/Sign Up
Your email has been sent.
New Town Plaza 1559 N Mannheim Rd 17,110 SF 100% Leased Retail Building Stone Park, IL 60165 $3,920,000 ($229.11/SF) 7.46% Cap Rate
Investment Highlights
- 100% OCCUPIED ASSET WITH ANNUAL RENT GROWTH | MARK TO MARKET OPPORTUNITY
- DENSE WESTERN CHICAGO SUBURB
- RECENT RENOVATIONS AND CAPITAL PROJECTS | MINIMAL FUTURE CAPITAL EXPENDITURES
- COMPLEMENTARY CROSS TRAFFIC TENANT LINE-UP
- RETAIL FOCUSED SHOPPING CENTER
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in New Town Plaza, a 100% leased mixed-use unanchored neighborhood shopping center featuring a mix of convenience, service, and food-oriented retail, client-facing office, and one residential unit in the dense and established Chicago suburb of Stone Park.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
17,110 SF
Building Class
C
Year Built
1960
Price
$3,920,000
Price Per SF
$229.11
Cap Rate
7.46%
NOI
$292,360
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.54 AC
Zoning
C, Stone Park
Parking
20 Spaces (1.17 Spaces per 1,000 SF Leased)
Frontage
125’ on Mannheim Rd.
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-04-300-072-0000 | Improvements Assessment | $306,742 |
| Land Assessment | $82,814 | Total Assessment | $389,556 |
Property Taxes
Parcel Number
15-04-300-072-0000
Land Assessment
$82,814
Improvements Assessment
$306,742
Total Assessment
$389,556
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
