Marcus & Millichap closed the sale of a six-suite retail strip property in Orland Park, Illinois, for $2.05 million.
Austin Weisenbeck and Sean 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 private investor group, and procured the buyer, a private, out-of-state 1031 buyer.
Built in 2003, the 15,886-square-foot center is located at 11229 W. 143rd St. The property is anchored by Rocco Vino’s Italian Restaurant and is 48% vacant, offering 8,773 square feet of lease-up potential. It sits on 1.95 acres adjacent to CVS, with nearby national retailers including The Home Depot, Jewel-Osco and Aldi.
