Airport Parking
For Sale
$999,000
3950 N Mannheim Rd, Franklin Park, IL 60131
Commercial property near O’Hare provides traveler parking, shuttle transportation, and vehicle detailing services.
Property Size2,000 SF
Price / SF$499.50
Days on Market83
Property Features for 3950 N Mannheim Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business Opportunity
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
2
Amenities
shuttle service
24-hour access
on-site staff
security measures
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 983-1553
Source:
Amyboston.realtopiare
Added: Jul 26
Changed: Sep 21
Last Checked: Oct 7 at 5:22PM
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
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Investment Insights
Based on property information with market context.
This commercial parking facility at 3950 N Mannheim Road provides both short-term and long-term parking for O’Hare travelers. Operations include shuttle transportation to and from the airport, continuous 24/7 availability, on-site staff, and security measures. Booking options may also include luggage assistance.
The property is positioned at Mannheim Road and Seymour Avenue in Franklin Park, near O’Hare International Airport. Mannheim Road, also identified as Route 45, runs along the airport’s eastern edge. I-294, I-190, and I-90 provide access to the surrounding airport, transportation, retail, hospitality, restaurant, exhibition, logistics, and light industrial activity.
A two-bay service area supports car washing and detailing in addition to the parking operation. The property is zoned COMMR.
The property is positioned at Mannheim Road and Seymour Avenue in Franklin Park, near O’Hare International Airport. Mannheim Road, also identified as Route 45, runs along the airport’s eastern edge. I-294, I-190, and I-90 provide access to the surrounding airport, transportation, retail, hospitality, restaurant, exhibition, logistics, and light industrial activity.
A two-bay service area supports car washing and detailing in addition to the parking operation. The property is zoned COMMR.
Key Highlights
- Short- and long‑term airport parking with shuttle service to and from O’Hare
- 24/7 operation with staff on site and security measures
- Two‑bay service area for car washing and detailing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,480
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,600
$669.6K
Cap Rate 7%
$478,286
$478.3K
Cap Rate 9%
$372,000
$372.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$48.0K $24.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$44.6K $22.32/SF
− OpEx
−$11.2K −$5.58/SF
NOI
$33.5K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,600
Cap Rate 7%
$478,286
Cap Rate 9%
$372,000
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 4.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 45%
Shops & Services 39%
Dining 16%
7-Eleven
Shops & Services
10,206 visits/mo
0.2 miles
Hampton Inn Chicago-O'Hare International Airport
Hotels & Casinos
8,095 visits/mo
0.1 miles
Mobil
Shops & Services
8,003 visits/mo
0.2 miles
Four Points by Sheraton Chicago O'Hare Airport
Hotels & Casinos
6,916 visits/mo
0.4 miles
QUALITY INN-Chicago OHare Int'l
Hotels & Casinos
6,702 visits/mo
0.3 miles
Demographics for 60131, IL
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Penske Truck Rental — 3900 N 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
- Budget Truck Rental — 4000 Mannheim Rd, Franklin Park, IL 60131
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Commercial property near O’Hare provides traveler parking, shuttle transportation, and vehicle detailing services.
Where is this parking lot & garage located?
The property is located at 3950 N Mannheim Rd Franklin Park, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Short- and long‑term airport parking with shuttle service to and from O’Hare; 24/7 operation with staff on site and security measures; Two‑bay service area for car washing and detailing
