Wolverine Property Group Acquires Mixed-use Property In Countryside For $400K

5512 South Brainard Avenue, Countryside, IL, USA

$400,000

$109/SF

Building Size

3,650 SF

Asset Type

Mixed-use

Closing

Dec 30, 2020

AI

Located at 5512 S. Brainard Avenue in Countryside, this mixed-use property was recently sold in a closed transaction on December 31, 2020. The property, captured in a photo by Kevin Rocio, offers a total square footage of 3,650. The sale price was $400,000, resulting in a price per square foot of $110. The property consists of 5 units, with each unit being valued at approximately $80,000. The transaction achieved a cap rate of 7.5%.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $400,000
Address: 5512 S. Brainard Avenue
Market: Countryside
Image: Kevin Rocio
Date: 12/31/2020

Wolverine Property Group, LLC, represented by Kevin Rocio of ROC Advisor Group, acquired the property from the Robert G Schafer Revocable Trust. The seller was represented by Eric Bell and Christopher Malay from Marcus & Millichap. The deal between the buyer and seller was successfully negotiated, resulting in the sale of the property.

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