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    2301 Mannheim Rd Melrose Park, IL 60164

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    22,505 SF Commercial Lot, Ideal Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22,505 square foot commercial land parcel is strategically located at 2301 N Mannheim Rd in Melrose Park, Illinois, zip code 60164, within Cook County. Its prime location offers unparalleled exposure to high traffic counts on Mannheim Road, ensuring maximum visibility for any development. The property benefits from exceptional access to major transportation arteries, boasting close proximity to both I-290 and I-294, facilitating seamless connectivity throughout the region. This advantageous position is further enhanced by its proximity to a substantial workforce

    Property Features for 2301 Mannheim Rd

    General Information

    Property type
    Land

    HighLights

    • 22,505 SF commercial land parcel in Melrose Park, IL.
    • High‑traffic location on Mannheim Rd, offering excellent visibility.
    • Easy access to I‑290 and I‑294.
    • Close proximity to a large workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rebbeca & Boustead Law ... Medical Lawyer O And K Services Chimney Sweep

    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
    -87.884137312257
    Latitude
    41.919290231094

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    FAQs

    What type of property is this?
    Land - 22,505 SF Commercial Lot, Ideal Location
    Where is this land located?
    The property is located at 2301 Mannheim Rd Melrose Park, IL.
    What are key features of this property?
    This property features: 22,505 SF commercial land parcel in Melrose Park, IL.; High-traffic location on Mannheim Rd, offering excellent visibility.; Easy access to I-290 and I-294.
    (614) 537-2403
    Request Owner's contact information
    2301 Mannheim Rd Melrose Park, IL 60164
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    Melrose Park, IL 60164
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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
    2301 Mannheim Rd Melrose Park, IL 60164
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