Freestanding Storefront
New
For Sale
$850,000
2138 S Mannheim Rd, Westchester, IL 60154
Combines an owner-user component with an established restaurant tenancy generating income.
Property Size1,842 SF
Price / SF$461.45
Days on Market2
Property Features for 2138 S Mannheim Rd
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Retail
Building Details
Building Size
3,217 SF
Year Built
1979
Listing Agency:
Caton Commercial
(331) 305-4840
Listed By:
Zane McCartney · License #761095
Source:
Catoncommercial
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 5:25AM
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 Caton Commercial
Investment Insights
Based on property information with market context.
This freestanding storefront property includes approximately 1,842 SF intended for owner-user occupancy, together with an established restaurant tenant that generates income. The arrangement provides both an operating component and an existing commercial tenancy within the same property.
Constructed in 1979, the property is located at 2138 S Mannheim Rd in Westchester, Illinois. Its storefront configuration and combination of available space and restaurant occupancy support a flexible commercial ownership structure.
Constructed in 1979, the property is located at 2138 S Mannheim Rd in Westchester, Illinois. Its storefront configuration and combination of available space and restaurant occupancy support a flexible commercial ownership structure.
Key Highlights
- Approximately 1,842 SF available for owner‑user occupancy
- Established restaurant tenant generates income
- Freestanding storefront property
Financial Insights For Specialty 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 | $36.5k | $19.80 |
| − Vacancy | −$2.4k | −$1.29 |
| EGI | $34.1k | $18.51 |
| − OpEx | −$8.5k | −$4.63 |
| NOI | $25.6k | $13.88 |
1,842 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$365.4K
$319.7K – $426.3K
NOI $25,576 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$305.0K
$266.9K – $355.9K
NOI $21,352 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$452.2K
$395.7K – $527.6K
NOI $31,657 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Home Improvements & Furnishings 22%
BMO Harris Bank
Shops & Services
2,433 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
695 visits/mo
0.3 miles
Demographics for 60154, IL
16,895
Population
7,376
Households
2.3
Avg Household Size
48
Median Age
46%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,840
Density / Sq Mi
$103,561
Median Household Income
$60,967
Median Earnings
$1,767
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Combines an owner-user component with an established restaurant tenancy generating income.
Where is this storefront property located?
The property is located at 2138 S Mannheim Rd Westchester, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 1,842 SF available for owner‑user occupancy; Established restaurant tenant generates income; Freestanding storefront property
