Multifamily N Illinois

Mixed-use property sells in Algonquin, IL

Mixed-use property sells in Algonquin, IL,ph1

Marcus & Millichap closed the sale of a 20-unit, mixed-use property located in Algonquin, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.

Andrean Angelov, first vice president investments, Ryan D. Engle, senior vice president investments, and Timothy B. Stephenson Jr., an associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. Engle and Angelov represented the buyer.

Located at 200 E. Algonquin Road, the unit mix is comprised of 10 studios, six one-bedroom/one-bathroom junior units, one one-bedroom/one-bathroom unit, one two-bedroom/one-bathroom unit and two store-front retail units. The property is positioned in the heart of downtown Algonquin offering several retail and dining options for residents and River Pointe Shopping Center is conveniently located less than three miles away.