Christian Arai & Tuyen Nguyen Of CRER Broker Sale Of Mixed-use Asset At 5256 North Broadway For $2M

The property asset involved in this transaction is a mixed-use building located at 5256 North Broadway in the Chicago market. The sale price was $2,000,000, with a total square footage of 26,768, resulting in a price per square foot of $74.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,000,000
• Address: 5256 North Broadway
• Market: Chicago
• Square Footage: 26,768
• Price per Square Foot: $74
• Brokers: Christian Arai & Tuyen Nguyen - CRER (Chicago Real Estate Resources)

Christian Arai and Tuyen Nguyen, representing CRER (Chicago Real Estate Resources), facilitated the sale of the property. The well-located mixed-use building, known for its compelling value-add potential, garnered significant interest from investors. The property features street-level retail and includes vacant second and third floors that are ready for repositioning. Its prime location offers notable Broadway frontage, steady pedestrian traffic, and proximity to the CTA Red Line and Edgewater’s key amenities.