Marcus & Millichap closed the sale of a Jimmy John’s- and Little Caesars-anchored retail center, a 3,412-square-foot retail property in Chesterton, Indiana. The asset sold for $1.85 million.
Mitchell Kiven and Nicholas Kanich, first vice presidents and investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the retail center on behalf of their Indiana-based client, the original developer of the property.
Josh Caruana, Indiana Broker of Record, assisted in closing this transaction.
The retail center is located just off the intersection of state Highway 49 and Indian Boundary Road in Chesterton, with visibility to more than 43,000 vehicles a day.
