Melrose Park Industrial
For Sale
$5,500,000
2000 N Mannheim, Melrose Park, IL 60160
65,000 SF industrial building with office space for sale.
Property Size65,000 SF
Price / SF$84.62
Days on Market194
Property Features for 2000 N Mannheim
General Information
Standard status
Active
Size
65,000 SF
Property subtype
Industrial
Building Details
Building Size
65,000 SF
Listing Agency:
John Greene Commercial
Listed By:
Shamus Conneely · License #471007958
(773) 814-3378
Source:
Johngreenerealestate
Added: Mar 26
Changed: Sep 10
Last Checked: Oct 4 at 8:36AM
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 John Greene Commercial
Investment Insights
Based on property information with market context.
The property is a 65,000 square foot industrial building, which includes approximately 3,000 square feet of office space. It features nine exterior docks and two drive-in doors. The property is situated in an industrial park in Melrose Park, providing convenient access to interstates, O'Hare International Airport, and rail lines.
Key Highlights
- 65,000± SF industrial building
- Convenient access to interstates, O'Hare International Airport, and rail lines
- Features nine exterior docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$339,761
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,795,220
$6.8M
Cap Rate 7%
$4,853,729
$4.9M
Cap Rate 9%
$3,775,122
$3.8M
Market Conditions
NOI Build-Up for 65,000 SF
Gross rent
$421.2K $6.48/SF
− Vacancy
−$21.5K −$0.33/SF
EGI
$399.7K $6.15/SF
− OpEx
−$60.0K −$0.92/SF
NOI
$339.8K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,795,220
Cap Rate 7%
$4,853,729
Cap Rate 9%
$3,775,122
Alternative Uses
Best Use
Office B
$12.80M
$11.20M – $14.94M
NOI $896,243 @ 7.0% cap · market cap 16.30%
Second Best
Warehouse
$4.85M
$4.25M – $5.66M
NOI $339,761 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$22.44M
$19.64M – $26.18M
NOI $1,570,908 @ 7.0% cap · market cap 28.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60160, IL
24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- VG Division Storage — 3000 Division St, Melrose Park, IL 60160
- U-Stor-It Self Storage - Melrose Park — 4501 W North Ave, Melrose Park, IL 60160
- Joyce Bros Storage & Van Co — 1915 Janice Ave, Melrose Park, IL 60160
Frequently Asked Questions
What type of property is this?
Warehouse - 65,000 SF industrial building with office space for sale.
Where is this warehouse located?
The property is located at 2000 N Mannheim Melrose Park, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 65,000± SF industrial building; Convenient access to interstates, O'Hare International Airport, and rail lines; Features nine exterior docks
