George Tychalski And Alexander Tychalski Acquire Commercial Property In Wheaton For $2,050,000

A commercial property located at 1400 East Roosevelt Road in Wheaton has been sold for $2,050,000. The asset encompasses a total of 10,836 square feet with a price per square foot of $189.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $2,050,000
• Address: 1400 East Roosevelt Road
• Market: Wheaton
• Square Footage: 10,836
• Price Per Square Foot: $189
• Buyer: George Tychalski & Alexander Tychalski
• Buyer's Representative: Will Francke - Mid-America Real Estate Corporation
• Seller's Representative: Jeffrey Cicurel - JLL

The sale was facilitated by JLL, which arranged the transaction with Mid-America Real Estate Corporation acting on behalf of the buyer. The buyer was attracted to the property due to its in-place cap rate and favorable zoning, which presents opportunities for future redevelopment.