Retail N Illinois

Marcus & Millichap arranges sale of Lombard, Illinois shopping strip

Marcus & Millichap arranges sale of Lombard, Illinois shopping strip,ph1

Marcus & Millichap announced the sale of an 11,500-square-foot, multi-tenant retail property located at 401-421 W. Crescent Boulevard in Lombard, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The property received multiple offers from in-state and out-of-state buyers and sold in 27 days for $920,000.

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 Chicago-based 1031 exchange buyer purchased the property on an all-cash basis.