First Western Properties has announced two recent deals- 436 McLean in Elgin, Illinois, and 6547 South Western Avenue in Chicago.
462 McLean, Elgin, IL
Brokers: Kellen Duggan, Paul Tsakiris
The building was sold to an owner / user. First Western was able to overcome challenging obstacles along the way including large amount of vacant spaces and buildings for sale on the block. First Western was originally given this assignment during the depths of the recession. With very little interest from buyers, First Western was able to create a lease to own option that allowed owner to cash flow until the property was ultimately sold.
6547 S. Western Ave. Chicago, IL
Brokers: Mark Zeglen
The property is an automotive building on busy Western Avenue. Western Avenue sees approximately 23,000 vehicles per day. Surrounded by many national retailers including Dollar General, McDonalds, AutoZone, and more. The building consists of one 2-bedroom apartment on the second floor, a storage area, and an automotive shop on the first floor.
