2129 N Mannheim Rd, Melrose Park, IL
Industrial property in strong O'Hare submarket with redevelopment potential.
- Added:
- Sep 26, 2024
- Days on Market:
- 631
- Last Refresh:
- May 20 at 8:09 pm
Property Features for 2129 N Mannheim Rd
General Information
- Standard status
- Active
- Size
- 65,000 SF
- Lot size
- 4.49 Acres
- Property subtype
- INDUSTRIAL
Listing agent Shamus Conneely License #471007958 (773) 814-3378
Listing office John Greene Commercial (773) 814-3378
Listing date Sep 26, 2024
Source Moodyscre
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 John Greene Commercial
HighLights
- Strong credit tenant in place.
- Proximity to interstates, airport and rail for ease of access.
- Redevelopment opportunity for future growth.
- Releasing upside potential.
- Located in the strong O'Hare submarket.
- Situated in a well‑maintained industrial park setting.
Overview
Local Financial Insights For Warehouse
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 | $421.2k | $6.48 |
| − Vacancy | −$21.5k | −$0.33 |
| EGI | $399.7k | $6.15 |
| − OpEx | −$60.0k | −$0.92 |
| NOI | $339.8k | $5.23 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- VG Division Storage — 3000 Division St, Melrose Park, IL 60160
- Melrose Self Storage — 3717 W Lake St, Melrose Park, IL 60160
- Self-Storage at U-Haul — 435 Mannheim Rd, Bellwood, IL 60104
- Diversified Entities, LLC — 5000 West Proviso Dr Unit #2, Melrose Park, IL 60163
Location Insight
- Map
- Local Demand
- City
- Melrose Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8837
- Latitude
- 41.9164
