Inland Real Estate Brokerage & Auctions Inc. has announced the closing of several properties in May.
“We have more than $50 million still under contract to close by the end of July,” said Paul Rogers, president of Inland Real Estate Brokerage & Auctions
Heather Devermann, executive broker associate, represented the seller in the sale of 1211 N. Bridge St. in Yorkville. The property is a well established 16 lane bowling alley and fully leased 3,600-square-foot strip center that sold for $1.3 million.
“Both seller and buyer were very pleased with the outcome,” Devermann said. “The property, adjacent to Walgreens and across from Yorkville Marketplace, was well suited for the buyer’s purpose.”
Weinfield Properties LLC, located at 1313 Sibley Blvd. in Dolton, sold their 13,300-square-foot property prior to its scheduled auction date. Richard Kehoe, senior vice president, and Robert Wall, senior broker, both with Inland Real Estate Brokerage & Auctions, represented the seller.
“The auction process was the direct result of this sale,” Kehoe said. “We were able to produce a purchaser prior to the schedule auction date that paid in excess of the property’s $175,000 minimum bid price.” The property was purchased by Akpevwe Olidge for $309,000.
Paul Rogers, president, and Kehoe represented the bank seller in the sale of Neltnor Plaza in West Chicago. The property, located on the West side of Route 59, is 9,500-square-foot retail/commercial strip with nine retail units and has 158 feet of frontage.