Marcus & Millichap completed the sale of a 22-suite retail property located in Naperville, Illinois. The property sold for $6.99 million. Marcus & Millichap Capital Corporation arranged the financing.

“This transaction underscores the strong demand we’re seeing for neighborhood centers, especially those priced below replacement cost,” said Sean Sharko, senior managing director investments. “What’s particularly noteworthy about this property is the significant level of activity it generated despite the absence of national tenants, apart from Dollar Tree.”

Sharko, Austin Weisenbeck and Adrian Mendoza, had the exclusive listing to market the property on behalf of the seller, 1550 State RTE 59 LLC, and procured the buyer, an out-of-state ownership group that is expanding their Illinois portfolio. Dean Giannakopoulos, senior managing director in MMCC’s Chicago Downtown office secured $5.1 million in financing with a regional bank on behalf of the buyer.

The 59,935-square-foot center is at 1550 N. Illinois Rte. 59 with access to Interstate 88. Built in 1988, the property is anchored by Dollar Tree and Anytime Fitness, with a mix of long-term tenants.

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!