Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Marathon Gas Station | Owner-User Opportunity, a 2,496-square foot net-leased property located in Waukegan. The asset sold for $817,000.
Senior Managing Directors Austin Weisenbeck and Sean R. Sharko, and Senior Associate Timothy Nichols had the exclusive listing to market the property on behalf of the seller, a limited liability company.
After multiple offers, the deal went from contract-to-close in 60 days to a local buyer with a supply agreement. Marathon Gas Station was an owner-user opportunity, located at 901 W Glen Flora Ave in Waukegan, Illinois. Positioned at a hard-corner, stoplight intersection with a traffic flow of 14,500 vehicles daily, the location offers high visibility. Notably, the station saw impressive activity in 2022, with 204,154 gallons sold, $801,349 inside sales, and $901,640 in lottery sales.
