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$740,000
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Property Description
Calling all investors for this OUTSTANDING OPPORTUNITY! Mixed use strip mall with a residential condo above one of the five retail units. All units are rented and bring in a CAP RATE of above 9%! The brick building is approx. 7000sq. ft. and divided into 5 retail spaces that have sprinklers and separate electric meters. This strip mall is on the east side of Manheim Road just north of Cermak. The owners live in the 2 bedroom, 2 bath condo and will stay renting if the new owners will rent to her.
Full Property Details
Full Property Details for 1939 S Mannheim Rd
General
- Sold For: $740,000
- Taxes: $1,339 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12100285
- Added to Site: 597 day(s) ago
Interior
- Interior Features: Multi-Tenant
- Flooring: Concrete
Additional Information
- Security/Safety: Ansul System, Sprinklers
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: Westchester
- County: Cook
- Driving Directions: Manheim rd North of Cermak on the east side of Manheim. State Farm office
- Location Details: Southwest Suburban, Central Business District, Corner, Mixed-Use Area, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air
Utilities
- Onsite: Electricity to Site, Gas to Site
Structural Information
- Construction: Brick, Concrete, Block
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Loading: None, Drive-In Doors, Service Entrance
- Sub-Flooring: Concrete
- Stories/Levels: 2
- Square Feet: 6,500
- # of Stores: 5
- Year Built: 1954
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 12,000
- Lot Dimensions: 115 x 105
- Frontage: City Street, Public Road
- Zoning: OTHER
Financial Considerations
- Lease Price: $1
- Security Deposit: Ansul System, Sprinklers
- Assessment Year: 1954
- Tax Amount: $1,339.17
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Insurance, Scavenger
Disclosures and Reports
- Property ID: 15213130150000
Listed by Exit Real Estate Partners
Sold by USA Realty Group Inc
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Schools
Schools serving 1939 S Mannheim Rd
School Districts:Westchester School District 92-5, Proviso Township High School District 209
| Name | Grades | Distance |
|---|---|---|
Westchester Primary School 2400 Downing Avenue, Westchester, IL 60154 | PK-2 | 0.6 mi |
Westchester Intermediate School, Westchester, IL 10900 Canterbury Street, Westchester, IL 60154 | 3-5 | 0.7 mi |
Westchester Middle School 1620 Norfolk Avenue, Westchester, IL 60154 | 6-8 | 0.6 mi |
Proviso West High School 4701 Harrison Street, Hillside, IL 60162 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1939 S Mannheim Rd
Date
Details
Price
Change
Source
9/27/2024
Sold
$740,000
-1.33%
MLS
7/03/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1939 S Mannheim Road, Westchester, IL 60154 (MLS# 12100285) is a Commercial property that was sold at $740,000 on September 27, 2024. Want to learn more about 1939 S Mannheim Road? Do you have questions about finding other Commercial real estate for sale in Westchester? You can browse all Westchester real estate or contact a Coldwell Banker agent to request more information.

