Turnkey Salon Retail
1544 N Mannheim Road Stone Park, IL 60165
1544 N Mannheim Road, Stone Park, IL, 60165
Contact for pricing
For Sale
Contact for pricing
Updated salon space includes styling stations, shampoo bowls, and dedicated manicure and pedicure areas.
Property Size2,000 SF
Price / SF$224.50
Days on Market105
Property Features for 1544 N Mannheim Road
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Business for Sale, Retail
Listing agency
Remax Legends
(708) 267-0971
Listed by
Lydia Memeti · License #IL 076330085
Source
Crexi
Added: Apr 8 Updated: Jul 21 at 6:45PM Checked: Jul 21 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Legends
Investment Insights
Based on property information with market context.
This well-established commercial space is currently operating as a modern salon and has been extensively updated and maintained. The interior features a clean, contemporary buildout with ceramic flooring and updated finishes, designed to support daily client flow. The layout includes 10 styling stations, 3 shampoo bowls, a designated manicure and pedicure area, two restrooms, and a functional kitchen space.
The property is positioned along a high-traffic corridor with approximately 22 feet of street frontage, and convenient parking is available nearby.
With its turnkey, service-oriented configuration, the space is well-suited for salon or barbershop use and may also be adapted for medical or professional services, wellness concepts, boutique fitness, or other service-driven businesses.
The property is positioned along a high-traffic corridor with approximately 22 feet of street frontage, and convenient parking is available nearby.
With its turnkey, service-oriented configuration, the space is well-suited for salon or barbershop use and may also be adapted for medical or professional services, wellness concepts, boutique fitness, or other service-driven businesses.
Key Highlights
- Approximately 2,000 SF commercial space operating as a salon with an updated, contemporary interior.
- Features 10 styling stations and 3 shampoo bowls for client services.
- Dedicated manicure and pedicure area plus ceramic flooring and updated finishes.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $21.60 |
| − Vacancy | −$3.5k | −$1.77 |
| EGI | $39.7k | $19.83 |
| − OpEx | −$11.9k | −$5.95 |
| NOI | $27.8k | $13.88 |
2,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bery & Lorent Studio ...
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Spa & wellness property - Updated salon space includes styling stations, shampoo bowls, and dedicated manicure and pedicure areas.
Where is this spa & wellness property located?
The property is located at 1544 N Mannheim Road Stone Park, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 2,000 SF commercial space operating as a salon with an updated, contemporary interior.; Features 10 styling stations and 3 shampoo bowls for client services.; Dedicated manicure and pedicure area plus ceramic flooring and updated finishes.
