The property located at 7101 Laguna Boulevard in Elk Grove is a retail asset comprising 1.61 acres. It has recently been sold for $3,500,000 and features a total square footage of 7,253. The building has been vacant since July and was previously the site of a Chicago Fire pizza restaurant.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Location: 7101 Laguna Boulevard, Elk Grove
• Square Footage: 7,253
• Price Per Square Foot: $483
• Buyer: Naser Sharif - Sharif Jewelers
• Seller: Berkeland Family Living Trust
• Broker: Dan Mueller - Century 21 Select

Naser Sharif, representing Sharif Jewelers, has acquired the property with plans to establish a new store and seek another tenant for the remaining space. The potential for additional retail opportunities, such as a coffeehouse, is associated with the property.