Connect Commercial Real Estate News – Little Village Retail Fetches $18M

See the article here

Quantum Real Estate Advisors recently brokered the sale of a multi-tenant retail center located at 3045-3117 W. 26th St. in the West Side’s Little Village neighborhood. The 117,682-square-foot property sold for $17,500,000.

Chad Firsel, president of Quantum, represented the seller and purchaser in the transaction. The buyer is a private real estate investor based in Chicago, while the seller is a local acquisition and development company from Chicago’s suburbs.

“The buyer was able to acquire a strategic location within a very dense population,” said Firsel. “The retailers thrive in this location.”

He added, “The plans are unsure what the future holds for this acquirer—whether that be a redevelopment or not. However, there are not too many pieces of real estate this size in this location in an international city like Chicago.”


Related Posts: