Marcus & Millichap Sells 22,910-Square-Foot Retail Center In Mount Prospect For $2.975M

A 22,910-square-foot retail strip center located at 1776 Algonquin Road in Mount Prospect, Illinois, was sold for $2,975,000. This asset, constructed in 1964, features 13 suites and is situated on 1.81 acres, strategically placed between three signalized intersections.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,975,000
• Square Footage: 22,910
• Sale Price per Square Foot: $130
• Address: 1776 Algonquin Road
• Market: Mount Prospect
• Acres: 1.81

Marcus & Millichap represented the seller and procured a local investor as the buyer. The brokers involved in the transaction include Mitchell Kiven, Coult Greenwell, Eric Abbott, and Zachary Taylor, who played significant roles in facilitating this deal.