Marcus & Millichap announced the sale of Menards Outlot – Two Tenant Retail Center, a 4,800-square foot retail property located in Tinley Park, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $1,025,000.
Austin Weisenbeck and Sean R. Sharko, 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.
Menards Outlot – Two Tenant Retail Center is located at 6905 West 159th Street in Tinley Park, IL and sold at 96 percent of its original list price. The subject property is in a prime location in Tinley Park, located just east of Harlem Avenue. Surrounded by national and local retailers, this trade area is ideal for the consumer convenience. Some of the well-known tenants at this intersection include Burlington Coat Factory, Meijer, Hobby Lobby, Home Depot, Chipotle, Starbucks, Staples and TJ Maxx.