Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Beverly III, a 20,392-square foot retail property located in Chicago, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,725,000.
Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Beverly III is located at 2307-2321 W 95th Street in Chicago, IL and sold in 31 days at 95 percent of its original list price. The property sits just east of the signalized intersection of West 95th Street and South Western Avenue in the heart of Beverly’s retail epicenter. GameStop, Chase and Chipotle sit across the street. Other major retailers nearby include Back to Bed, Potbelly’s, Citibank, Walmart Supercenter, Sam’s Club, Shoe Carnival, Standard Bank and Evergreen Plaza shopping mall amongst others. Just north of the 95th – Western intersection sits a new Meijer/Menards anchored development which was completed in 2013.