Greenstone Partners sold 2954 N. Sheffield Avenue, a 13,000-square-foot retail and medical office mixed-use building located in Chicago’s prominent Lakeview neighborhood. The property is located less than one mile from Wrigley Field and is across from Advocate Illinois Masonic Medical Center. Greenstone represented the seller, a Chicago-based family office, and also procured the buyer.
Sold at approximately $400 per square foot, the California-based purchaser was drawn to the investment’s exceptional demographics featuring an average household income of $135,000 within a quarter mile and an average home value of over $645,000. The property is directly adjacent to the CTA’s Wellington “L”station that serves 930,000 passengers per year.
