Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    398 Mannheim Rd Bellwood, IL 60104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding retail building, excellent visibility.

    Property size:
    1,713 SF

    Property Features for 398 Mannheim Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,713 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Brad Belden
    Brad Belden

    Listing Agency: Colliers - Rosemont, Illinois Listing Agent: Brad Belden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This vacant, freestanding retail building in Bellwood, Illinois, offers 5,139 square feet of space, divisible to 1,713 square feet, and is ideally situated on Mannheim Road, a major retail corridor. Boasting a prominent location with high visibility, the property benefits from a drive-thru, 11 designated parking spaces, and a two-way pylon sign. The 0.19-acre lot is zoned B-1 and enjoys exceptional access to major transportation arteries, including multiple Union Pacific Railroad stations, Gottlieb Memorial Hospital, the Edward Hines Jr. VA Hospital, and Chicago O'Hare International Airport. The property is within a 5-mile radius of a population exceeding 367,000, with a median household income of nearly $80,000. Mannheim Road sees over 41,000 vehicles per day, ensuring high traffic volume and exposure for potential tenants. Built in 2009, this property presents a compelling investment opportunity in a thriving commercial area. The asking price is $975,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.883292378049
    Latitude
    41.884815347316

    Nearby Similar for Sale

    • $365,000
      Pending

      Well-Maintained Two-Unit with Finished Basement

      Updated two-unit property with finished basement and fenced yard.
      3513 Jackson St, Bellwood, IL 60104
      View Details
    • Contact for pricing

      Four-Unit Residential Investment Opportunity

      Residential quadplex on a double lot near Senior Suites of Bellwood.
      407 25Th Ave, Bellwood, IL 60104
      View Details
    • $300,000
      0.17 Acres

      Bellwood Four-Unit Investment Opportunity

      Four-unit property in Bellwood, Illinois, ideal for investors.
      915 Bellwood Ave, Bellwood, IL 60104
      View Details
    • Contact for pricing

      Bellwood Brick Duplex For Sale

      Well-maintained duplex in Bellwood with immediate rental income potential.
      2420 Randolph St, Bellwood, IL 60104
      View Details
    • $365,000
      6,400 SF

      Bellwood Industrial Building - Huge Potential

      6400 sq ft, prime Mannheim Rd location.
      419 Mannheim Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Prime Bellwood Office Building

      13,500 SF Office, 0.77 Acres
      4212 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $395,000

      Bellwood 7-Unit Multifamily Investment

      Seven-unit building, strong cash flow, Bellwood, IL.
      535 24Th Ave, Bellwood, IL 60104
      View Details
    • $275,000
      5,160 SF

      Bellwood Retail Space - Huge Potential

      Former banquet hall, now adaptable space. Great location, ample parking.
      2817 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Bellwood Office Building - $850K

      13,500 SF Office/Retail Space - Vacant
      4212 St Charles Rd, Bellwood, IL 60104
      View Details
    • $975,000
      8,000 SF

      Bellwood Warehouse: $975,000

      8,000 SF Warehouse, Multi-Tenant
      2209 Railroad Ave, Bellwood, IL 60104
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Freestanding retail building, excellent visibility.
    Where is this individual retail property located?
    The property is located at 398 Mannheim Rd Bellwood, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Drive-Thru Available; Freestanding retail building with excellent visibility; 5,139 SF available, divisible to 1,713 SF
    (847) 698-8232 Call to check price and availability
    Request Owner's contact information
    398 Mannheim Rd Bellwood, IL 60104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    398 Mannheim Rd
    Bellwood, IL 60104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    398 Mannheim Rd Bellwood, IL 60104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Belden
    Brad Belden
    Real Estate License ID: 471018723
    (847) 698-8232 (773) 531-6886 (847) 698-8444
    Learn more
    Google sign-in failed. Please try again or use another login method.