Freestanding Storefront
For Sale
$850,000
2138 S Mannheim Rd, Westchester, IL 60154
Combines an owner-user component with an established restaurant tenancy generating income.
Property Size3,217 SF
Price / SF$461.45
Days on Market93
Property Features for 2138 S Mannheim Rd
General Information
Standard status
Active
Size
3,217 SF
Property subtype
Retail
Building Details
Building Size
3,217 SF
Year Built
1979
Listing Agency:
Caton Commercial
Listed By:
Zane McCartney · License #761095
(331) 305-4840
Source:
Catoncommercial
Added: Aug 1
Changed: Oct 30
Last Checked: Oct 30 at 12:46PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$25,576
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,520
$511.5K
Cap Rate 7%
$365,371
$365.4K
Cap Rate 9%
$284,178
$284.2K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$36.5K $19.80/SF
− Vacancy
−$2.4K −$1.29/SF
EGI
$34.1K $18.51/SF
− OpEx
−$8.5K −$4.63/SF
NOI
$25.6K $13.88/SF
Area
Springfield, IL
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,520
Cap Rate 7%
$365,371
Cap Rate 9%
$284,178
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
620
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
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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
