Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBC Arranges Sale of Two Industrial Properties for Redevelopment
Coldwell Banker Commercial finalized the sale of two separate industrial properties located in Chicago for a combined sale price of $1.6 million. James Hodur, Coldwell Banker Commercial NRT senior commercial executive, and Coldwell Banker Commercial NRT associate Benjamin Miotti both represented the seller.
The 9,400-square-foot building located at 1883-1885 W. Fullerton Ave. was built in 1930 and sits on 0.16 acres of land. The 6,250-square-foot land site at 2337-2339 N. Elston Ct. sits on 0.14 acres of land. The buyer plans to redevelop the property for new medical use with a parking lot located across the street.
“This combined industrial sale shows the continued strength of the development market in the Elston, Damen and Fullerton areas following the recent additions of national chain restaurants and an urgent medical care center located nearby,” said Hodur.
- ◦Sale/Acquisition