1901-1925 Mannheim Rd Westchester, IL 60154

Property Details for 1901-1925 Mannheim Rd

Year built

1951

Lot size

0.84 lot acres

Property size

17,871 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This fee-simple, 17,871 square foot shopping center in Westchester, Illinois, presents a compelling investment opportunity. Located at 1901-1925 S Mannheim Rd, this single-story, 10-unit property boasts a strong 8.03% cap rate and a substantial net operating income (NOI) of $361,069. Built in 1951 on a 0.84-acre lot, the center enjoys 100% occupancy with a diverse mix of e-commerce-resistant tenants, including a convenience store, dance studio, barbershop, hair salon, nail salon, and martial arts school. Unit sizes range from 952 to 3,650 square feet, catering to a variety of businesses. The property benefits from excellent visibility and frontage on a high-traffic stretch of South Mannheim Road (US Route 45), with two points of access and ample parking. Its strategic location near major roadways (Interstates 290, 294, and 88), public transportation (Pace Bus 330), and prominent retailers like Jewel-Osco and the Target-anchored Hillside Town Center, ensures consistent traffic and strong tenant demand. All leases include attractive 5% annual rent bumps, providing a hedge against inflation. The surrounding area features affluent neighborhoods with high household incomes, further bolstering the property's investment potential. The property's strong demographics, with over 118,900 people within a 3-mile radius and over 28,400 vehicles passing daily, contribute to its exceptional performance. This is a rare opportunity to acquire a well-positioned, high-performing retail center with significant upside potential. The asking price is $4,495,000.

Location Insight

City

Westchester

County

Cook

State

Illinois

Longitude

-87.8814

Latitude

41.852