Mixed-Use Neighborhood Shopping
1559 North Mannheim Road, Stone Park, IL 60165
For Sale
Contact for pricing
Fee-simple sale of a fully leased, unanchored center combining retail, client-facing office, and one residential unit.
Property Size17,110 SF
Price / SF$247.22
Days on Market145
Property Features for 1559 North Mannheim Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Additional Details
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Mid-America Real Estate Corporation
Listed By:
Emily Gadomski · License #475173675
Source:
Crexi
Added: Jun 18
Changed: Nov 3
Last Checked: Nov 8 at 9:11AM
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 Mid-America Real Estate Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New Town Plaza is a 100% leased, mixed-use, unanchored neighborhood shopping center offered for sale in 100% fee simple interest. The property’s tenant mix includes convenience, service, and food-oriented retail, along with client-facing office space and one residential unit. The center is designed to support everyday consumer needs and services within a compact retail and workplace setting.
The property is located at 1559 North Mannheim Road in Stone Park, Illinois, described as a dense and established Chicago suburb. As an unanchored center, it operates without a designated anchor tenant, relying instead on the combined draw of its convenience, service, dining, office, and residential components.
For tenants, this configuration provides shared retail and office adjacency within a fully leased environment that already includes both shopping and client-facing uses. For buyers, the offering is structured as a complete ownership interest in a stabilized, occupied mixed-use property with retail, office, and residential income under one roof.
The property is located at 1559 North Mannheim Road in Stone Park, Illinois, described as a dense and established Chicago suburb. As an unanchored center, it operates without a designated anchor tenant, relying instead on the combined draw of its convenience, service, dining, office, and residential components.
For tenants, this configuration provides shared retail and office adjacency within a fully leased environment that already includes both shopping and client-facing uses. For buyers, the offering is structured as a complete ownership interest in a stabilized, occupied mixed-use property with retail, office, and residential income under one roof.
Key Highlights
- 100% fee simple interest for sale: New Town Plaza
- 100% leased mixed‑use unanchored neighborhood shopping center
- Tenant mix includes convenience, service, and food‑oriented retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,920
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,878,400
$4.9M
Cap Rate 7%
$3,484,571
$3.5M
Cap Rate 9%
$2,710,222
$2.7M
Market Conditions
NOI Build-Up for 17,110 SF
Gross rent
$451.7K $26.40/SF
− Vacancy
−$126.5K −$7.39/SF
EGI
$325.2K $19.01/SF
− OpEx
−$81.3K −$4.75/SF
NOI
$243.9K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,878,400
Cap Rate 7%
$3,484,571
Cap Rate 9%
$2,710,222
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.07M
NOI $243,920 @ 7.0% cap · market cap 5.77%
Second Best
Retail
$3.44M
$3.01M – $4.01M
NOI $240,659 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$6.57M
$5.75M – $7.67M
NOI $459,917 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - Fee-simple sale of a fully leased, unanchored center combining retail, client-facing office, and one residential unit.
Where is this shopping center located?
The property is located at 1559 North Mannheim Road Stone Park, IL.
What is the asking price?
The asking price for this property is $4,230,000.
What are key features of this property?
This property features: 100% fee simple interest for sale: New Town Plaza; 100% leased mixed‑use unanchored neighborhood shopping center; Tenant mix includes convenience, service, and food‑oriented retail
