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191 West Adams Street
SOLD

Marcus & Millichap Sells 7-Eleven Retail Property In Chicago For $5.3M

191 West Adams Street

Retail
2,700 SF
clock iconSold 225 days ago
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Summary

Sale
ILLINOIS
Retail
2,700 sqft

A 2,700-square-foot retail property in Chicago, located at 191 West Adams Street, has been sold for $5,300,000. The property, which houses a 7-Eleven, is situated on the ground floor of the recently restored JW Marriott hotel. This transaction was facilitated by Nicholas Kanich of Marcus & Millichap, who represented both the Chicago-based private investor seller and the California-based investment group buyer. The price per square foot for this sale was $1,963.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,300,000
  • Address: 191 West Adams Street, Chicago
  • Market: Chicago
  • Broker: Nicholas Kanich - Marcus & Millichap
  • Square Footage: 2,700
  • Price Per Square Foot: $1,963

This sale of the retail property in Chicago was successfully executed with the assistance of Nicholas Kanich, the representative of Marcus & Millichap. Kanich played a crucial role in bringing together the Chicago-based private investor seller and the California-based investment group buyer. This transaction highlights the importance of effective brokerage in securing deals and connecting buyers and sellers in the real estate market.

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Nicholas Kanich's profile picture
Nicholas Kanich
Marcus & Millichap-image
First Vice President Investments
$71.6M Sold

Details

Deal Summary
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SOLD
IMAGE: Nicholas Kanich DATE: 10/17/2023 ADDRESS: 191 West Adams Street MARKET: Chicago ASSET TYPE: Retail BROKER: Nicholas Kanich - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $5,300,000 SF: 2,700 ~ PPSF: $1,963 NOTE: A 2,700-square-foot retail property in Chicago, housing a 7-Eleven, was sold for $3.5 million. The property, located on the ground floor of the recently restored JW Marriott hotel at 191 W. Adams St., was brokered by Marcus & Millichap, with Nicholas Kanich representing both the Chicago-based private investor seller and the California-based investment group buyer.

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Address191 West Adams Street

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