2029 N Mannheim Rd — Lease in Melrose Park, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Melrose Park, IL 60160
Photos
Description
High profile shopping center located at North Ave and Mannheim Rd.
Market Context
This retail in Melrose Park, IL is listed for lease. Compare it against other retail listings for lease in Melrose Park, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Contact
- Jim Schutter · 1312446-7283 · james.schutter@nmrk.com
- Jim Schutter · 1312446-7283 · james.schutter@nmrk.com
- Nick Garlick · 1312224-3235 · nick.garlick@nmrk.com
- Larry Kling · 1312758-4908 · larry.kling@nmrk.com
Explore this market
Similar Retail Business for Lease in Melrose Park, IL
- Melrose Park - Menard's Outlot — Contact for price · Melrose Park, IL
- Mannheim Plaza — Contact for price · Melrose Park, IL