1559 N Mannheim Rd - Retail FOR SALE


Stone Park, IL 60165
$3,920,000 USD
630-261-6962
1559 N Mannheim Rd, Stone Park, IL for Sale
$3,920,000 USD
Retail - FOR SALE
1/10
null | 7.46% Cap Rate

1559 N Mannheim Rd
Stone Park, IL 60165


HIGHLIGHTS

  • 100% OCCUPIED ASSET WITH ANNUAL RENT GROWTH | MARK TO MARKET OPPORTUNITY
  • COMPLEMENTARY CROSS TRAFFIC TENANT LINE-UP
  • DENSE WESTERN CHICAGO SUBURB
  • RETAIL FOCUSED SHOPPING CENTER
  • RECENT RENOVATIONS AND CAPITAL PROJECTS | MINIMAL FUTURE CAPITAL EXPENDITURES

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,920,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Town Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C, Stone Park

APN/PARCEL ID

15-04-300-072-0000

ASK ABOUT THIS PROPERTY

Emily GadomskiMid-America Real Estate Corp.More Info
630-261-6962

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Emily GadomskiMid-America Real Estate Corp.More Info
630-261-6962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.