Renovated Commercial Building on
837 Mannheim Road Bellwood, IL 60104
837 Mannheim Road, Bellwood, IL, 60104
$175,000
For Sale
$175,000
Turn-key industrial/commercial property with showroom, workshop, and drive-in access.
Property Size1,730 SF
Price / SF$101.16
Days on Market109
Property Features for 837 Mannheim Road
General Information
- Standard status
- Active
- Size
- 1,730 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1955
Listing Agency
Coldwell Banker Real Estate Group
(708) 217-5004
Listed by
Frank Paganis · License #475161105
(708) 217-5004
Source
Cbcworldwide
Added: Apr 2 Checked: Jul 16 at 8:39 am
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
Located on Mannheim Road in Bellwood, this 1,730 SF industrial/commercial property is suitable for contractors, trades, or service-based businesses. The building features a potential showroom or office space in the front and a functional workshop/storage area in the rear with drive-in door access. The property has been renovated, including full tuckpointing and reconstruction of the front parapet wall. The roof has new plywood along the front parapet, secured flashing, sealed joints, and a fresh silver coating. Interior improvements include new flooring in the front area, a professionally finished shop floor, full interior repaint, and updated plumbing fixtures, including new sinks, toilets, and hot water heaters. The rear overhead door has also been replaced. All required repairs outlined in the village pre-inspection report, including electrical, plumbing, masonry, signage, and fire safety systems, have been completed with proper permits and licenses, and the property has received full municipal sign-off for occupancy. Additional features include central air, existing heating units in good condition, and a multi-camera security system. The property has immediate access to I-290 and I-294, providing connectivity throughout the western suburbs and greater Chicagoland area.
Key Highlights
- Fully renovated and code‑compliant, turn‑key condition, ready for immediate occupancy.
- High‑visibility location on Mannheim Road with immediate access to I‑290 and I‑294.
- Versatile 1,730 SF building suitable for various industrial/commercial uses (contractors, trades, service‑based businesses).
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 | $11.2k | $6.48 |
| − Vacancy | −$572 | −$0.33 |
| EGI | $10.6k | $6.15 |
| − OpEx | −$1.6k | −$0.92 |
| NOI | $9.0k | $5.23 |
1,730 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$260.2K
$227.7K – $303.6K
NOI $18,217 @ 7.0% cap · market cap 10.41%
Second Best
Warehouse
$129.2K
$113.0K – $150.7K
NOI $9,043 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$597.3K
$522.6K – $696.8K
NOI $41,810 @ 7.0% cap · market cap 23.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kieh CO
Laboratory
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FAQs
What type of property is this?
Flex space - Turn-key industrial/commercial property with showroom, workshop, and drive-in access.
Where is this flex space located?
The property is located at 837 Mannheim Road Bellwood, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Fully renovated and code‑compliant, turn‑key condition, ready for immediate occupancy.; High‑visibility location on Mannheim Road with immediate access to I‑290 and I‑294.; Versatile 1,730 SF building suitable for various industrial/commercial uses (contractors, trades, service‑based businesses).
