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Mannheim & Pratt Center

$10,000,000

2811 Mannheim Road, Des Plaines, IL 60018

Active
Last Updated: 04/16/2025

6.5

Cap Rate

651,803

NOI

Details:
Cap Rate:    6.5%
NOI:    $651,803
Building Size:    16,000 sqft
Occupancy:    100%
Year Built:    2023
Tenancy:    Multiple
Highlights:
  • STRONG LINEUP OF REGIONAL AND NATIONAL RESTAURANT & PERSONAL CARE TENANTS
  • DENSE & AFFLUENT DEMOGRAPHICS
  • MAJOR TRAFFIC DRIVERS
  • BRAND NEW CONSTRUCTION | 10.7 YEAR WALT
  • EXCELLENT VISIBILITY
Description:

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Mannheim & Pratt Center, a 100% leased brand new construction four-tenant building and freestanding Outback Steakhouse.

Map:
Documents:
Title
Mannheim___Pratt_Center_Flyer.pdf
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Mannheim___Pratt_Center_OM.pdf
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Today's Available Mortgage Rates

2811 Mannheim Road, Des Plaines, Illinois 60018

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
LifeLender #1712
5 Year Fixed
25 Year Amortization
Interest rate 5.84% 5 Year Fixed
Mo. Payment$38,073 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 60% LTV $0 Lender fees
Loan Amount $6,000,000 Loan Amount
Details
LifeLender #1712
7 Year Fixed
25 Year Amortization
Interest rate 6.03% 7 Year Fixed
Mo. Payment$38,768 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 60% LTV $0 Lender fees
Loan Amount $6,000,000 Loan Amount
Details
BankLender #1068
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$44,710 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 69% LTV $0 Lender fees
Loan Amount $6,900,000 Loan Amount
Details
Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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