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Shopping Strip

West Plaza | 32,000+ Daily Traffic Counts | Service Tenants

1901 S Mannheim Rd, Westchester, IL 60154

Listing Price: $3,550,000

Cap Rate
8.21%
Gross SF
17,871
Rentable SF
17,871
Price/Gross SF
$198.65
Lot Size
0.84 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present West Plaza located in Westchester, Illinois. This multi-tenant shopping center leased to a diverse mix of tenants. All tenants are either food or service based. All interior tenant spaces have been fully remodeled. Long term growth in rent with all tenants have annual rental increases between three and five percent. Six tenants have at least one option period remaining. Located on heavily traveled Mannheim Road with excellent visibility and 32,250 vehicles passing per day. One block from the heavily traveled intersection of Mannheim Road and Cermak Road with 63,250 total vehicles passing per day. High visibility property with almost 300 feet of frontage along Mannheim Road. Centrally located two miles from Interstates 88, 290 and 294 with full ingress/egress off of Mannheim Road. Ideally situated amongst schools and national retailers. Five schools located within one mile of subject property. Notable major retailers in the area include Jewel-Osco, Giordano’s, PNC Bank, US Bank, BMO Harris Bank, Century 21 and more. Included in the Chicago metropolitan statistical area, 16 miles west of downtown Chicago. Three airports are within 40 minutes. Situated in a densely populated infill location. 135,887 people work within three miles of subject property. 362,257 people live within five miles of subject property with an average household income of $119,391.

Investment Highlights

  • Multi-Tenant Shopping Center Leased to a Diverse Mix of Tenants
  • Long Term Growth in Rent
  • Located on Heavily Traveled Mannheim Road with Excellent Visibility | 32,250 Vehicles Passing per Day
  • Ideally Situated Amongst Schools and National Retailers
  • Included in the Chicago Metropolitan Statistical Area
  • Densely Populated Infill Location

Exclusively Listed By

Shopping Strip

West Plaza | 32,000+ Daily Traffic Counts | Service Tenants

Listing Price: $3,550,000

Cap Rate
8.21%
Gross SF
17,871
Rentable SF
17,871
Price/Gross SF
$198.65
Lot Size
0.84 acres
Year Built
1982

Investment Highlights

  • Multi-Tenant Shopping Center Leased to a Diverse Mix of Tenants
  • Long Term Growth in Rent
  • Located on Heavily Traveled Mannheim Road with Excellent Visibility | 32,250 Vehicles Passing per Day
  • Ideally Situated Amongst Schools and National Retailers
  • Included in the Chicago Metropolitan Statistical Area
  • Densely Populated Infill Location

Investment Overview

Marcus & Millichap is pleased to present West Plaza located in Westchester, Illinois. This multi-tenant shopping center leased to a diverse mix of tenants. All tenants are either food or service based. All interior tenant spaces have been fully remodeled. Long term growth in rent with all tenants have annual rental increases between three and five percent. Six tenants have at least one option period remaining. Located on heavily traveled Mannheim Road with excellent visibility and 32,250 vehicles passing per day. One block from the heavily traveled intersection of Mannheim Road and Cermak Road with 63,250 total vehicles passing per day. High visibility property with almost 300 feet of frontage along Mannheim Road. Centrally located two miles from Interstates 88, 290 and 294 with full ingress/egress off of Mannheim Road. Ideally situated amongst schools and national retailers. Five schools located within one mile of subject property. Notable major retailers in the area include Jewel-Osco, Giordano’s, PNC Bank, US Bank, BMO Harris Bank, Century 21 and more. Included in the Chicago metropolitan statistical area, 16 miles west of downtown Chicago. Three airports are within 40 minutes. Situated in a densely populated infill location. 135,887 people work within three miles of subject property. 362,257 people live within five miles of subject property with an average household income of $119,391.

Exclusively Listed By

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