1901-1925 S Mannheim Rd - Storefront FOR SALE


Westchester, IL 60154
$4,460,000 USD
630-570-2238
1901-1925 S Mannheim Rd, Westchester, IL for Sale
$4,460,000 USD
Storefront - FOR SALE
1/10
null | 8.75% Cap Rate

1901-1925 S Mannheim Rd
Westchester, IL 60154


HIGHLIGHTS

  • 100% occupied multi-tenant shopping center | Strong mix of food and service tenants
  • All tenants have scheduled 5% rental increases and renewal options in-place
  • Two-miles from Interstates 88, 290 and 294
  • 0.2 miles from Jewel-Osco (906.5K annual visitors) and 1.1 miles from Hillside Town Center which ranks in the top 9% of shopping centers nationwide
  • 121,436 people live and 152,181 people work within a three-mile radius
  • Average household income of $128,705 within a five-mile radius

OVERVIEW

This 100% occupied multi-tenant shopping center features a diverse mix of food and service-based tenants, all with scheduled 5% rental increases and renewal options in place. The property has undergone several renovations over the past 5 years, with all of the interior units being completely remodeled. The site offers nearly 300 feet of frontage on Mannheim Road, which sees 23,700 vehicles per day, and is located just one block from the Mannheim Road and Cermak Road intersection with 50,800 vehicles per day. Surrounding demand drivers include multiple nearby schools, a Jewel-Osco attracting over 900,000 annual visitors, and Hillside Town Center, which ranks in the top 9% of shopping centers nationwide by visits. The trade area is exceptionally dense, with over 121,000 residents and 152,000 employees within a three-mile radius, and an average household income of $128,705 within five miles.

FOR SALE DETAILS

PRICE

$4,460,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

8.75%

% 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

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C

APN/PARCEL ID

15-21-313-051-0000,15-21-313-052-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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