Marcus & Millichap closed the sale of 9140 Calumet Avenue, a 5,207-square-foot quick-service restaurant retail strip center in Munster, Indiana.
The property sold for $2.85 million.
Mitchell Kiven and Nicholas Kanich, first vice presidents and investment specialists in Marcus & Millichap’s downtown Chicago office, marketed the property on behalf of the seller, a private investor based in Chicago.
Kiven and Kanich also secured and represented the buyer, a boutique commercial real estate investment company in San Diego.
The retail center was developed in 2014 and is located between two large regional hospitals. Two leases in place at this property, one to Noodles & Co. and Meatheads Burgers & Fries. There is limited lease term remaining on both leases.
