Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register

McKinley Park strip center sells for $1.8M

September 28, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap announced the sale of a 9,600-square-foot retail property located 3160-3170 S. Ashland Avenue in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After the seller received multiple offers, the asset sold for $1,800,000, or 7.5 percent above list price, to a Chicago-based non-1031 exchange buyer.

Adrian Mendoza, Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Mendoza, Weisenbeck and Sharko.

Located in McKinley Park on Chicago’s Southwest Side, the property is minutes from I-55 and within walking distance of the CTA Orange Line. A CTA bus stops right in front of the property, which is located directly across the street from a new Mariano’s Fresh Market and has high visibility to passing traffic. The property is 100 percent occupied by convenience, food and service-based tenants.

Tags
ChicagoIllinoisMarcus & Millichapmckinley park
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaIndustrial

Des Moines Industrial buys 31 acres as future home for industrial transloading facility

February 26, 2021
MinnesotaFinanceMultifamily

Colliers Mortgage provides $18.2 million purchase loan for 98-unit apartment complex in Minnesota

February 26, 2021
MinnesotaLegal

MV Ventures names VP and general counsel

February 26, 2021
IllinoisOffice

JLL Capital Markets closes $153 million refinance for downtown Chicago office tower

February 26, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com