2416 Mannheim Rd, Melrose Park, IL 60131
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.