Marcus & Millichap Real Estate Investment Services has announced the sale of 1923 W. North Avenue, an 8,448-square-foot retail property located in Chicago, according to Steven Weinstock, regional manager of the firm’s Oak Brook office. The asset commanded a sales price of more than $4.2 million, equating to more than $507 per square foot.
Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Oak Brook office, had the exclusive listing to market the asset on behalf of the seller, a limited liability company. After an extensive marketing effort and interest by various parties, one of the tenants, Piece Brewery & Pizzeria, elected to purchase the property.
The retail property is located in the Wicker Park/Bucktown neighborhood, one of the fastest growing and vibrant neighborhoods of the Chicago area.
