Chicago-based commercial real estate brokerage firm Greenstone Partners announced the sale of a single-tenant property located in Chicago’s Irving Park neighborhood. The $2.05 million sale was brokered by Greenstone Partners’ Senior Director Brewster Hague, who represented the seller — a funeral home operator and procured the buyer.
“This was a rare, adaptive reuse opportunity located just down the road from the planned $150 million Northwestern Medicine Advanced Outpatient Care Center in Old Irving Park, which broke ground earlier this year,” said Hague. “The buyer, a funeral home operator, saw and took advantage of the chance to acquire a premier urban infill land site that will soon reap the transformational benefits Northwestern Medicine will have on the neighborhood.”
The 17,260-square-foot building is located at 3914-3920 W. Irving Park Road, conveniently adjacent to the beautiful Independence Park and nestled in a superior retail corner location. The multi-story building is situated on a sprawling 27,723-square-foot section of property and boasts 220 feet of prime frontage on Irving Park Road and 123 feet of frontage on Springfield Avenue.