Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2138 Mannheim Rd Westchester, IL 60154

    • Retail space
    • 0.06 lot acres
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1170080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2138 Mannheim Rd

    Year built
    1969
    Lot size
    0.06 lot acres
    Property type
    Retail space
    APN
    15-20-418-081
    APU
    1520418081

    Description

    This exceptional investment opportunity presents two adjacent, fully operational storefronts totaling 4,500 square feet in the thriving commercial heart of Westchester, Illinois. Ideally situated next to a Jewel-Osco and Giordano's, this property benefits from an exceptionally high volume of daily traffic exceeding 28,000 vehicles. The buildings, constructed of brick and meticulously maintained, share a convenient doorway connecting the two spaces. Currently occupied by a full-service cleaner and a Thai restaurant, both businesses are available for sale with the property, offering a turnkey operation for an astute investor. Alternatively, the property can be delivered vacant, providing a blank canvas for a new owner's vision. The expansive, landscaped parking lot provides ample space for customers, boasting over 242 parking spots. This is a rare chance to acquire a well-established, high-traffic commercial property in a prime Westchester location. The property's excellent visibility and convenient access make it an ideal investment for a variety of businesses. Don't miss this opportunity to own a piece of Westchester's vibrant commercial landscape. The asking price is $1,000,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $215,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $180,000
      Mixed-Use
      $220,000
      Hospitality
      $205,000
      Educational
      $225,000
      Residential Income
      $205,000
      Energy
      $205,000
      Income-Based Land
      $200,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Westchester
    County
    Cook
    State
    Illinois
    Longitude
    -87.8821
    Latitude
    41.8492
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,940
    $9,625
    $9,844
    $19,469
    -
    $38,500
    $39,376
    $77,876

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      9842 Roosevelt Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      9842 Roosevelt Rd, Westchester, IL 60154-2759
      View Details
    • Value Estimation by Request
      0.22 Acres

      10353 Roosevelt Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      10353 Roosevelt Rd, Westchester, IL 60154
      View Details
    • Value Estimation by Request
      0.14 Acres

      10001 Roosevelt Rd

      STORE, RETAIL OUTLET • 0.14 Acres
      10001 Roosevelt Rd, Westchester, IL 60154-2664
      View Details
    • Value Estimation by Request
      0.08 Acres

      2207 Belleview Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      2207 Belleview Ave, Westchester, IL 60154-5207
      View Details
    • Value Estimation by Request
      0.07 Acres

      10425 Cermak Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      10425 Cermak Rd, Westchester, IL 60154-5211
      View Details
    • Value Estimation by Request
      1,156 SF

      10344 Pelham St

      RETAIL STORES (PERSONAL SERVICES) • 1,156 SF
      10344 Pelham St, Westchester, IL 60154
      View Details

    Similar Nearby for Sale

    • $420,000
      0.27 Acres

      Westchester Commercial Building For Sale

      2400 sq ft corner building with ample parking spaces.
      1551 Westchester Blvd, Westchester, IL 60154
      View Details
    • $750,000
      12,000 SF

      Westchester Retail Building - $750K

      12,000 SF Retail Space, High Visibility
      9999 Roosevelt Rd, Westchester, IL 60154
      View Details
    • $1,200,000

      Westchester Retail Building Investment

      Prime Retail Space, High Traffic Area
      10001 Derby Ln, Westchester, IL 60154
      View Details
    • Contact for pricing
      27,405 SF

      Westchester Commercial Development Land

      Prime 27,405 SF Redevelopment Site
      10245 Roosevelt Rd, Westchester, IL 60154
      View Details
    • $1,500,000
      0.23 Acres

      Westchester Commercial Investment Opportunity

      Large office and restaurant space in Westchester, Illinois.
      2150 S Mannheim Rd, Westchester, IL 60154
      View Details
    • $179,000
      2,000 SF

      9870 Derby Ln, Westchester, IL 60154

      Commercial real estate • 2,000 SF
      9870 Derby Ln, Westchester, IL 60154
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      142,631 SF

      Westchester Medical Office Space

      Prime Medical Office Suites in Westchester, IL
      3001-3075 Wolf Rd, Westchester, IL 60154
      View Details
    • $12 SF/Yr
      12,000 SF

      Westchester Multi-Use Commercial Space

      12,000 SF, 3 Suites Available, West Suburbs
      9909 Roosevelt Rd, Westchester, IL 60154
      View Details
    • $6 SF/Yr
      50,703 SF

      Westchester Office Space Available

      Versatile office space, multiple suites.
      10001 Roosevelt Rd, Westchester, IL 60154
      View Details
    • $20 SF/Yr

      Professional Building on Cermak Road

      Professional building with flexible office space for rent.
      10439 W Cermak Rd, Westchester, IL 60154
      View Details
    • $19 SF/Yr
      21,000 SF

      Westchester Office Space Available

      Prime West Suburban Office Suites, 1,700-4,569 SF
      2205-2255 Enterprise Dr, Westchester, IL 60154
      View Details
    • Contact for pricing
      27,405 SF

      Westchester Commercial Land Opportunity

      Prime 27,405 SF Vacant Land Plot
      10245 Roosevelt Rd, Westchester, IL 60154
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2138 Mannheim Rd
    Westchester, IL 60154
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.