1901-1925 S Mannheim Rd - Storefront FOR SALE


Westchester, IL 60154
$4,999,000 USD
312-269-0220
1901-1925 S Mannheim Rd, Westchester, IL for Sale
$4,999,000 USD
Storefront - FOR SALE
1/24
null | 7.75% Cap Rate

1901-1925 S Mannheim Rd
Westchester, IL 60154


OVERVIEW

Significant Annual Increases All tenants at the property have 5% annual increases throughout the lease term and renewal options, providing an excellent hedge against inflation Highly Visible Location Excellent visibility along Mannheim Road with over 250 feet of frontage and more than 29,363 VPD Exceptional Demographics Positioned in a high-density affluent urban pocket of the Chicago MSA, that offers immediate access to 120,093 residents and an average household income of $119,600 within a 3-mile radius Diverse Tenant Mix The property is tenanted by a diverse array of businesses that demonstrate strong resilience to e-commerce trends, including a convenience store, barbershop, as well as nail and hair salons Tenant Heavy Investment All tenants at the property have funded 100% of their own build outs Neighboring National Tenants Surrounded by national tenants such as; Jewel-Osco, The Home Depot, Target, Michaels, LA Fitness, Walgreens, McDonald’s, Giordano’s, and more

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C

APN/PARCEL ID

15-21-313-052-0000

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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