Salon Storefront with Styling
For Sale
$439,000
1544 N Mannheim Road, Stone Park, IL 60165
The salon layout includes styling stations, shampoo bowls, manicure and pedicure space, and a functional kitchen area.
Property Size2,000 SF
Price / SF$219.50
Days on Market204
Property Features for 1544 N Mannheim Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
COMMERCIAL
Additional Details
Frontage
22 ft
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$15,065
Building Details
Building Size
2,000 SF
Listing Agency:
REMAX Legends
(224) 310-7545
Listed By:
Ina Tore
Source:
Angelawalkerhomes
Added: Apr 9
Changed: Oct 28
Last Checked: Oct 26 at 3:21PM
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
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Investment Insights
Based on property information with market context.
This 2,000-square-foot storefront is configured as a salon, with 10 styling stations, 3 shampoo bowls, a manicure and pedicure area, two restrooms, and a kitchen space. Ceramic flooring and updated interior finishes are also in place. The property has approximately 22 feet of street frontage, with parking nearby.
The existing arrangement may suit salon or barbershop operations, as well as medical or professional services, wellness concepts, boutique fitness, and other service-based businesses, as described for the space.
The existing arrangement may suit salon or barbershop operations, as well as medical or professional services, wellness concepts, boutique fitness, and other service-based businesses, as described for the space.
Key Highlights
- 2,000‑square‑foot storefront
- 10 styling stations and 3 shampoo bowls
- Manicure and pedicure area, two restrooms, and kitchen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,760
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,200
$555.2K
Cap Rate 7%
$396,571
$396.6K
Cap Rate 9%
$308,444
$308.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$3.5K −$1.77/SF
EGI
$39.7K $19.83/SF
− OpEx
−$11.9K −$5.95/SF
NOI
$27.8K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,200
Cap Rate 7%
$396,571
Cap Rate 9%
$308,444
Alternative Uses
Best Use
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60165, IL
4,576
Population
1,364
Households
3.4
Avg Household Size
33
Median Age
8%
College-Educated
58%
High-School Grad
0.3 sq mi
ZIP Area
15,253
Density / Sq Mi
$75,165
Median Household Income
$34,744
Median Earnings
$1,222
Median Rent
$218,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - The salon layout includes styling stations, shampoo bowls, manicure and pedicure space, and a functional kitchen area.
Where is this storefront 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 $439,000.
What are key features of this property?
This property features: 2,000‑square‑foot storefront; 10 styling stations and 3 shampoo bowls; Manicure and pedicure area, two restrooms, and kitchen space
