Mannheim Plaza — Lease in Melrose Park, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Melrose Park, IL 60160
Photos
Description
For Lease - 6,100 SF to 16,000 SF GREAT CO-TENANTS + Join TJ Maxx, Tony’s Fresh Market & Burlington HIGH TRAFFIC + 40,800 VPD on Mannheim DENSE POPULATION + 136,819 within 3 miles CONVENIENT PARKING + Head in spaces PYLON SIGNAGE + Panel available on Mannheim SPACE AVAILABLE + 10,000 SF In-Line Retail & 6,100 SF Storage Space + Easy Access Traffic Light + High Traffic 40,800 VPD + Good Signage - Pylon on Mannheim
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
- Sean McCourt · 312 297 7688 · sean.mccourt@cbre.com
- Alex Corno · 312 935 1050 · alex.corno@cbre.com
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