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Interra Brokers $11M Sale of Mixed-Use Apartment in Lincoln Park
Interra Realty has brokered the $11.25 million sale of a 35-unit mixed-use property at 2200 N. Clark St. in Chicago’s Lincoln Park neighborhood. The building, which includes 28 apartments and seven retail spaces, traded for $321,428 per unit.
Interra Senior Managing Partner Joe Smazal, Senior Managing Partner Brad Feldman and Managing Partner Craig Martin represented the seller, a local real estate investment firm that deploys institutional capital. Interra also procured the buyer, Beal Properties, a Chicago-based private office owned by Bill Silverstein. The property was fully occupied at the time of sale.
“The high number of offers this property received from both local and out-of-state investors reflects the steady demand we’ve seen in 2024 and suggests a promising outlook for 2025,” said Smazal. The property includes over 10,000 square feet of ground-floor retail space across seven units, all fully leased to a diverse roster of tenants, including an art gallery and Michelin-starred restaurant Esmé.
