Airport Parking and Car Wash
3950 N Mannheim Road Franklin Park, IL 60131
For Sale
$1,000,000
For-sale airport parking and 2-bay service facility offering 24/7 operation and car washing and detailing.
Days on Market182
Property Features for 3950 N Mannheim Road
General Information
Standard status
Active
Property subtype
Business Opportunity
Listing Agency:
Century 21 Circle
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(773) 465-4200
Source:
Birdrealtysells
Added: Jan 29
Changed: Jul 28
Last Checked: Jul 29 at 1:32PM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
Pride Airport Parking and Car Detailing Facility is a for-sale automotive and parking property that has been in long-term operation. The facility provides both long-term and short-term airport parking, with shuttle service to and from O’Hare. The property is open 24/7 and includes staff on site and security measures. An additional 2-bay service area supports on-site car washing and detailing, with luggage assistance noted as available depending on booking options.
Located on Mannheim Road at Seymour Avenue in Franklin Park, the facility is positioned very close to O’Hare International Airport. The area is described as primarily commercial and transportation-oriented, with surrounding businesses geared toward travelers, as well as major expressway access nearby.
The site’s existing configuration supports day-and-night parking operations alongside on-site vehicle services through its 2-bay setup, serving travelers using O’Hare.
Located on Mannheim Road at Seymour Avenue in Franklin Park, the facility is positioned very close to O’Hare International Airport. The area is described as primarily commercial and transportation-oriented, with surrounding businesses geared toward travelers, as well as major expressway access nearby.
The site’s existing configuration supports day-and-night parking operations alongside on-site vehicle services through its 2-bay setup, serving travelers using O’Hare.
Key Highlights
- Airport parking and car detailing facility offering long‑term and short‑term parking options
- 24/7 operation with staff on site and security measures
- Shuttle service to/from O'Hare International Airport for airport parking guests
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 | $48.0k | $24.00 |
| − Vacancy | −$3.4k | −$1.68 |
| EGI | $44.6k | $22.32 |
| − OpEx | −$11.2k | −$5.58 |
| NOI | $33.5k | $16.74 |
2,000 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$478.3K
$418.5K – $558.0K
NOI $33,480 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Penske Truck Rental — 3900 N Mannheim Rd, Franklin Park, IL 60131
- Budget Truck Rental — 4000 Mannheim Rd, Franklin Park, IL 60131
- Firefly Car Rental — 3901 Mannheim Rd, Schiller Park, IL 60176
- Car rental Chicago O'hare Airport — 3901 mannheim rd, schiller park, il 60176
- Routes Car Rental — O'Hare International Airport, 3901 Mannheim Rd, Schiller Park, IL 60176
Frequently Asked Questions
What type of property is this?
Parking lot & garage - For-sale airport parking and 2-bay service facility offering 24/7 operation and car washing and detailing.
Where is this parking lot & garage located?
The property is located at 3950 N Mannheim Road Franklin Park, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Airport parking and car detailing facility offering long‑term and short‑term parking options; 24/7 operation with staff on site and security measures; Shuttle service to/from O'Hare International Airport for airport parking guests
