Mixed-Use Neighborhood Shopping
1559 North Mannheim Road, Stone Park, IL 60165
Fee-simple sale of a fully leased, unanchored center combining retail, client-facing office, and one residential unit.
Type:Retail, Mixed Use, Office
Property size:
17,110 SFPrice / SF:
$229/SF- Added:
- Jun 18, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 4:49 am
Property Features for 1559 North Mannheim Road
General Information
- Standard status
- Active
- Size
- 17,110 SF
- Property subtype
- Retail, Mixed Use, Office
Building Details
- Year Built
- 1960
Listing office Mid-America Real Estate Corporation
Listing date Jun 18, 2026
Source Crexi
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
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
- Includes client‑facing office space and one residential unit
- Property year built: 1960
Overview
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.
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 | $369.6k | $21.60 |
| − Vacancy | −$30.3k | −$1.77 |
| EGI | $339.3k | $19.83 |
| − OpEx | −$101.8k | −$5.95 |
| NOI | $237.5k | $13.88 |
17,110 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.39M
$2.97M – $3.96M
NOI $237,490 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$3.37M
$2.95M – $3.93M
NOI $235,919 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$5.91M
$5.17M – $6.89M
NOI $413,511 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Metro by T-Mobile
Mobile Phone Store
Farmers Insurance - Nori ...
Insurance Agency
Law Office of Franco ...
Law Firm
Super Bubble Laundromat
(Bike/Boat/Book/etc) Store
Toro Taxes- Casa ...
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- Stone Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8831977
- Latitude
- 41.8994746
Nearby Similar for Sale
FAQs
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 $3,920,000.
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
