Melrose Park Industrial
For Sale
Contact for pricing
Pending
2000 Mannheim Rd, Melrose Park, IL 60160
65,000 SF industrial building with office space for sale.
Property Size65,000 SF
Days on Market1403
Property Features for 2000 Mannheim Rd
General Information
Standard status
Pending
Size
65,000 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
john greene Real Estate
(630) 229-2290
Listed By:
Shamus Conneely · License #IL 471007958
Source:
Crexi
Added: Oct 19, 2022
Changed: Aug 8
Last Checked: Jul 24 at 5:52AM
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 Real Estate
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$339,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Stor-It Self Storage - Melrose Park — 4501 W North Ave, Melrose Park, IL 60160
- VG Division Storage — 3000 Division St, 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 Mannheim Rd 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
