Coldwell Banker Commercial closed the sale of a mixed-use commercial property in the North Side’s Lincoln Park neighborhood for $1.55 million. Senior commercial executive James Hodur and associate Benjamin Miotti, both of Coldwell Banker Commercial NRT, represented the seller.
The 10,600-square-foot, two-story building, consisting of two large apartments and two stores, is located at 2657-2659 N Clybourn Ave. The buyer is an investor and real estate broker and purchased the property as a value-add investment to increase tenancy and income in the Lincoln Park retail corridor.
“With four recent sales in Lincoln Park, totaling $5.6 million, this sale shows the continued strength of the Lincoln Park commercial real estate market, especially in the Elston/Damen/Fullerton/Clybourn area,” said Hodur.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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