Marcus & Millichap Sells 2335 South Michigan Avenue Medical Office In Chicago For $5.1M

2335 South Michigan Avenue is a medical office asset located in the market of Chicago. The property spans 12,000 square feet and sold for $5,100,000, equating to a price per square foot of $425. It was originally built in 1906 and underwent renovation in 2018. At the time of sale, the asset was fully leased to Shifrin Plastic Surgery Center under a new 11-year net lease.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $5,100,000
• Square Footage: 12,000
• Address: 2335 South Michigan Avenue
• Market: Chicago
• Price Per Square Foot: $425

The brokers involved in the transaction were Forest Bender, Joseph DiSalvo, Steven Weinstock, Zach Rogers, and Sam Curtis, representing Marcus & Millichap. Their expertise guided the successful sale of this fully leased medical office property.