Marcus & Millichap brokered the sale of a 35-suite grocery and medical anchored shopping center in Schaumburg, Illinois, for $14.625 million.
Adrian Mendoza, Sean 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, an overseas based family who has owned the property for 32 years.
Located at 1170 S. Roselle Road, the 114,476-square-foot shopping center was built in 1988 and sits on 12.81 acres. The property is anchored by KD Market, a well-established Chicagoland grocer that recently signed a 10-year lease extension. Strategically positioned between Illinois Route 390 and Interstate 90, the center sees more than 45,000 vehicles daily and offers strong visibility and access. Tenants have an average operating history of 12 years, with a mix of medical, wellness, restaurant and service providers.
