Land•Other•For Sale

LAND - REDEVELOPMENT - 3.39 Acres - Westchester Office Center Redevelopment Opportunity - Westchester, IL

1107 South Mannheim Road, Westchester, Illinois 60154

Sale Price $2,500,000
Class B
Year Built 1971
Year Renovated 1994
Gross Bldg 165,528 SqFt
Land Area 3.39 Acres
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. 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.
  • •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

2 Attachments

Sale pdf


12/7/2018 11:53:56 PM 12/8/2018 1:05:20 AM
Tammy A. Saia, CCIM
First Vice President Investments
Marcus & Millichap

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