Retail Property In Elgin Sold For $2.1M By Marcus & Millichap

A retail property located at 1881 Larkin Avenue in Elgin, Illinois, has been sold for $2,125,000. The transaction was facilitated by Marcus & Millichap, with Adrian Mendoza, Austin Weisenbeck, and Sean Sharko representing the brokerage firm. The property is a fully occupied center, anchored by Advance Auto Parts, and it received multiple offers from both in-state and out-of-state investors.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $2,125,000
• Address: 1881 Larkin Avenue, Elgin, Illinois
• Market: Elgin
• Square Footage: 10,500
• Price Per Square Foot: $202

Marcus & Millichap, through their brokers Adrian Mendoza, Austin Weisenbeck, and Sean Sharko, successfully facilitated the sale of the retail property. The fully occupied center, anchored by Advance Auto Parts, attracted interest from investors within the state as well as out-of-state investors. The transaction highlights the strong demand for retail properties in Elgin, Illinois.