Tammy Saia Contact Info:
Phone: (630) 570-2226
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179
Email: tandrew@marcusmillichap.com
Westchester Office Center Redevelopment
CLOSED
LAND - 3.39 Acres
Westchester Office Center Redevelopment
Mannheim Road (Route 45) & Roosevelt Road (Route 38)
3.39 Acres of Develop-able Land Near Busy Signalized Corner
Excellent Visibility from Both Mannheim Road (Route 45) and Roosevelt Road (Route 38)
Excellent Traffic Counts of Over 66,000 Vehicles per Day
Half Mile from Interstate 290 / Mannheim Road Interchange
The Village of Westchester Welcomes New Development
Due to Size of Property, Potential Uses for Income Producing Development is Vast
1107 South Mannheim Road, Westchester, IL 60154
* Sale Price $1,800,000
* Sold at 72% of List
* 70 Days on Market
* Closed in 64 Days
Market Summary
Price $2,500,000
Price per SF $16.93
Lot Size (SF) 147,668
Lot Size 3.39 Acres
Investment Overview
Marcus & Millichap is pleased to present the opportunity to redevelop a 3.39-acre property located in Westchester, Illinois. Currently the property is comprised of three office buildings of various occupancy and condition. The highest and best use for the property will be for a new development of an alternate use. Due to the size of the parcel, traffic counts, frontage and the willingness of the city to redevelop the site, the opportunities are endless. The current owner has had discussions with the city regarding options for the site, paving the way for the new owner to move through the development process.The property has excellent visibility from both Mannheim Road (Route 45) and Roosevelt Road (Route 38) and although it does not include the corner there is approximately 414 feet along Mannheim Road and approximately 131 feet of frontage on Roosevelt Road. The all-important average daily traffic counts according to IDOT show over 66,000 combined cars passing through the intersection.