230 Mannheim Rd Hillside, IL 60162-1835
Property profile & analytics
230 Mannheim Rd Hillside, IL 60162-1835
- Retail space
- 1.39 lot acres
Property ID
US28-0305408
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.
Location Intelligence
Current Use by Public Records
- Social Security Administration / Government Office / Social Security Office
Property Details for 230 Mannheim Rd
- Year built
- 1996
- Lot size
- 1.39 lot acres
- Property type
- Retail space
- APN
- 15-17-201-032
- APU
- 1517201032
Description
This 14,889 sq ft, single-story office building in Hillside, IL, is 100% occupied by the Social Security Administration under a 5-year gross lease (commencing November 1, 2024) with a corporate guarantee. Built in 1998, this fee-simple property boasts a strong 8.51% cap rate and a substantial NOI of $268,073. The building sits on a 1.38-acre lot with 56 parking spaces and enjoys a prime location on Mannheim Road (US Hwy 45), providing easy access to major thoroughfares and interstates. The property features a steel frame and masonry exterior, and the roof was replaced in 2018 with a remaining warranty. The tenant, the Social Security Administration, has occupied the building since 1998, demonstrating a long-term commitment to the location. The building's high-quality construction and excellent location ensure strong residual value, even in the unlikely event of tenant vacancy. The property is zoned M-1, Hillside. The sale includes a 100% occupancy rate and the lease is backed by the U.S. Federal Government (S&P: AA+). This presents a rare opportunity for investors seeking a secure, high-return investment with a long-term, creditworthy tenant. The property's history of consistent occupancy and the recent lease renewal underscore its stability and potential for continued growth. This is a truly exceptional investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,975,000
- ML approach
- $2,925,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hillside
- County
- Cook
- State
- Illinois
- Longitude
- -87.8839
- Latitude
- 41.8749
- 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
$158,230
$120,738
$280,356
$401,094
-
$482,952
$1,121,424
$1,604,376
