Marcus & Millichap announced the sale of a multi-tenant, 8,400-square-foot retail property located in Pekin, Illinois, according to Steven D. Weinstock, first vice president and regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,196,491.
Dominic Sulo and Chad Lieber, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured and represented by Sulo and Lieber.
The property is located at 3552-3564 Court Street in Pekin. The property is 100 percent leased retail with a mix of national and local tenants. It is a strong retail location within East Court Village Shopping Center along a main retail corridor. Pekin is located within the Peoria metropolitan area.