Marcus & Millichap Brokers Sale of Chicago MOB

Marcus & Millichap has closed the sale of 2335 S. Michigan Ave., a medical office property fully leased to Shifrin Plastic Surgery Center in Chicago, Illinois. The property sold for $5.1 million.

“This transaction highlighted the continuous demand for Midwest commercial real estate investments from out-of-state capital, as well as the strength of utilizing our platform to assist both buyers and sellers in achieving their long-term investment goals,” said Forest Bender, first vice president of investments, and Zach Rogers, associate.

Bender, Rogers, Joseph DiSalvo and Sam Curtis, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer in this transaction. Steven Weinstock is Marcus & Millichap’s broker of record in Illinois.

The 12,000-square-foot medical office property is in a prime downtown Chicago location along Michigan Avenue, linking cultural and business hubs. Built in 1906 and renovated in 2018, the three-story facility is fully leased to a plastic surgeon under a new 11-year absolute-net lease signed at closing.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!