Marcus & Millichap brokered the sale of a three-suite retail property in Avon, Indiana.
Phoebe Klein, Sean Sharko, and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in collaboration with Josh Caruana, Marcus & Millichap’s Indiana broker of record, exclusively marketed the property on behalf of the seller, a private investor whose portfolio is primarily concentrated in Illinois. This asset was an outlier in their holdings. The team also successfully procured the buyer.
The fully occupied, 8,158-square-foot retail center sits on 1.49 acres at 9769 E. U.S. Highway 36 on a signalized corner. Tenants include Smoothie King, Xfinity and Wild Eggs, which recently signed a new 10-year lease. Built in 2012 and remodeled in 2019, the property is shadow anchored by ALDI, Academy Sports + Outdoors and Dollar Tree.
