Marcus & Millichap Real Estate Investment Services has sold a 12,440-square-foot mixed-use property located in Lombard. The asset commanded a sales price of $850,000.
The buyer, a local property investor, was secured and represented by James Clough, an investment specialist in Marcus & Millichap’s Chicago downtown office.
The seller, a family partnership that developed the property, was represented by Brian Kochendorfer an investment adviser with Sperry Van Ness.
The asset is located at 145 S. Main St. and consists of a 23-unit mixed-use property. The property consists of two buildings; the front building has four commercial units, eight studio apartments, and eight one-bedroom/one-bath units; the rear building is a converted house with two one-bedroom/one-bath units and one two-bedroom /one-bath unit. There are 21 parking spaces total.