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    OFF-MARKET
    Retail properties & Spaces

    2416 Mannheim Rd, Melrose Park, IL 60131

    22,500 SF Built 1978
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1978
    Total area 22,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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