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IllinoisCRE

RE/MAX Commercial closes $4.5 million sale of mixed-use block in Norridge

October 28, 2026
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Photo courtesy of RE/MAX Commercial.

Jason Bitton of RE/MAX Commercial in Libertyville represented the seller in the $4.5 million sale of 7701–7757 W. Lawrence Ave. in Norridge, Illinois, a mixed-use block of about 41,000 square feet on 1.94 acres. The sale closed on October 21, 2026.

1st Liberty Management, Inc. of Prospect Heights bought the property from a private owner. William L. Gold of Troy Realty Ltd. represented the buyer.

The property includes two two-story buildings with eight ground-floor storefronts and 16 apartments above them, plus a one-story, roughly 15,000-square-foot store building at 7757 W. Lawrence.

Bitton took on the listing after an earlier marketing effort. He rebuilt the rent roll lease by lease and underwrote the block as a value-add investment, a stabilized hold and a redevelopment site. The owners’ business occupied the store building and was being sold at the same time. As that negotiation changed, the buyers in play shifted between investors and owner-occupants.

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