Chicago retail asset sold for $9.1m
Marcus & Millichap has brokered the sale of retail asset located on Chicago’s State Street historical retail corridor. The sales transaction closed at $ 9.1 million.
Austin Weisenbeck and Sean Sharko, along with Associate Joseph Bono, marketed property on behalf of the seller. Besides, North American Real Estate represented the buyer.
At the time of sale, the property was entirely empty.
The 27,780 square foot retail asset is located at 114 S. State St. It underwent complete renovations in 2007. When it permanently closed the store, Ulta Beauty fully occupied the building until 2016.
In addition, the retail asset can be accessed via the Metra Station on Monroe St. It sits across from a Subway restaurant.
Source: CP Executive
Fulya Altunyay/ [email protected]