One of the leading commercial real estate investment services firm with offices throughout the United States and Canada, Marcus & Millichap, has sold 700-728 S. Milwaukee located in Wheeling, IL, according to John M. Przybyla, regional manager of the firm’s Chicago Downtown office. The asset sold for $950,000.
Stephen Lieberman and Stephen Rachman, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The property is a single story office building exposed on Milwaukee Avenue just south of Dundee Road. At the time of sale, the asset was 80 percent occupied by 9 tenants all on modified gross reimbursement structures.
