SOLD
Mayor George Alpogianis Buys Land In Niles For $2.1M Surrounding Leaning Tower Of Niles
6300 West Touhy Avenue
Land
Sold 28 days ago
Summary
Sale
ILLINOIS
Land
The property at 6300 West Touhy Avenue in Niles, spanning 6.6 acres, was sold for $2.1 million. The transaction was facilitated by Mayor George Alpogianis on behalf of The Village of Niles.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,100,000
- Address: 6300 West Touhy Avenue
- Market: Niles
- Buyer: Mayor George Alpogianis - The Village of Niles
The sale, aimed at facilitating the redevelopment plans around the Leaning Tower of Niles, involved CBRE in marketing the surrounding tract of the former YMCA for future retail and restaurant spaces. Mayor George Alpogianis stressed the importance of negotiating a fair sale price for the integration into a lively retail hub and recreational space, aligning with the Niles Comprehensive 2040 Plan.
Details
SOLD
IMAGE: Mayor George Alpogianis
DATE: 04/10/2024
ADDRESS: 6300 West Touhy Avenue
MARKET: Niles
ASSET TYPE: Land ~ ACRES: 6.6
BUYER: Mayor George Alpogianis - The Village of Niles
SALE PRICE: $2,100,000
NOTE: The village of Niles is moving forward with redevelopment plans for the area surrounding the Leaning Tower of Niles, acquiring the former YMCA adjacent to the tower for $2.1 million and aiming to demolish deteriorating buildings for retail and restaurant space. CBRE is marketing the YMCA's 6.6-acre surrounding tract, with Niles Mayor George Alpogianis emphasizing the importance of patience in negotiating a fair sale price and detailing the village's broader vision for the site's integration into a vibrant retail hub and recreational space aligned with the Niles Comprehensive 2040 Plan.View on map
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Address6300 West Touhy Avenue
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