Michael Tsoumpas Sells Retail Property In Crystal Lake, IL For $35.5M

Located in Crystal Lake, the property at 105 Northwest Highway has been sold in a recent transaction. This retail asset spans across 74,800 square feet, attracting attention in the market. The sale, facilitated by broker Jason Meier from Stan Johnson, achieved a final sale price of $35,500,000, resulting in a price per square foot of $475. The seller, Michael Tsoumpas, successfully closed the deal, marking a significant milestone in the local real estate market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $35,500,000
• Square Footage: 74,800
• Price per Square Foot: $475
• Address: 105 Northwest Highway, Crystal Lake
• Seller: Michael Tsoumpas
• Broker: Jason Meier - Stan Johnson

This successful sale was made possible through the collaboration of the seller, Michael Tsoumpas, and their broker representative, Jason Meier from Stan Johnson. The transaction highlights industry professionals working together to achieve favorable outcomes in the real estate market. Such sales contribute to the continued growth and development of Crystal Lake's retail sector.