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    2416 Mannheim Rd Melrose Park, IL 60131

    Sponsored
    For Sale
    $959,000

    Prime Retail Location, High Visibility

    Property size:
    22,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22,500 square foot commercial property at 2416 Mannheim Road in Franklin Park, Illinois, presents a compelling investment opportunity. The single-story, 1,400 square foot free-standing building, constructed in 1978 and renovated in 2015, boasts excellent road presence and visibility on a busy retail corridor of Mannheim Road/US 45, situated between Grand Avenue and Fullerton Avenue. Its location at a signalized intersection offers multiple access points and drive-thru capability. The property is ideally suited for redevelopment or occupancy by a variety of businesses, including restaurants, professional offices, and franchises. Its strategic location within a thriving retail district, surrounded by major retailers and densely populated residential and commercial areas, ensures high traffic and customer visibility. The property's NNN lease type provides a straightforward ownership structure. Furthermore, its proximity to O'Hare Airport, downtown Chicago, public transportation, major roads, and interstates enhances its appeal and accessibility. This is a rare opportunity to acquire a well-positioned commercial property in a high-demand area of Cook County, Illinois, with a zip code of 60131. The asking price is $959,000.

    Property Features for 2416 Mannheim Rd

    General Information

    Property type
    Retail properties
    Square Feet
    22,500 SF

    Building Details

    Year Built/Renovated
    1978/2015
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Excellent O'Hare Airport proximity.
    • Short commute to Chicago's central business district.
    • Convenient access to public transportation.
    • Strategic location near major roadways and interstates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.884769560947
    Latitude
    41.922860721815

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, High Visibility
    Where is this retail property located?
    The property is located at 2416 Mannheim Rd Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $959,000.
    What are key features of this property?
    This property features: Excellent O'Hare Airport proximity.; Short commute to Chicago's central business district.; Convenient access to public transportation.
    Request Owner's contact information
    2416 Mannheim Rd Melrose Park, IL 60131
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    Realmo Value Estimation

    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.

    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.

    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
    2416 Mannheim Rd Melrose Park, IL 60131
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