Nicholas Kanich Of Marcus & Millichap Represents Seller In $6.12M Oak Brook Retail Sale
1150 22nd Street
$6,115,000
$1,019/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Mar 17, 2025
AI
A retail property located at 1150 West 22nd Street in Oak Brook, IL, was sold for $6,115,000. The property encompasses 6,000 square feet, translating to a price per square foot of approximately $1,019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,115,000
- Square Footage: 6,000
- Price per Square Foot: $1,019
- Address: 1150 West 22nd Street
- Market: Oak Brook
- Broker: Nicholas Kanich - Marcus & Millichap
Nicholas Kanich represented the seller, a global real estate investment manager, while a Chicago broker worked with the buyer, a South Dakota-based family partnership involved in a 1031 exchange.
Oak Brook Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93