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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

NAI Hiffman Brokers Sale of Suburban Chicago Industrial

NAI Hiffman has brokered the sale of a 4-acre industrial outdoor storage property at 2351 Powis Road in West Chicago, Illinois, for $4.225 million. The property includes 11,000 square feet of shop and fabrication space in two buildings, a paved, fenced concrete yard, and a mobile office trailer.

The brokerage team, including NAI Hiffman Executive Vice Presidents Kelly Disser and Michael Freitag, Senior Associate Bill Byrne and Associate Broker TJ Feeney, represented the seller, a private investor group the Disser and Freitag team also represented in the original September 2023 acquisition, when the property traded for $2.4 million.

“By securing a user in 2024, we were able to significantly raise the value of the property,” said Disser. “The would-be tenant ultimately determined it preferred to own the asset rather than lease it, and we were able to negotiate a sale price nearly double what the owner paid for the property just 16 months ago.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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