Marcus & Millichap Sells Starbucks Property In Mahomet Illinois For $2.51M

A retail property located at 204 North Lombard Avenue in Mahomet, Illinois, has been sold for $2,506,000. The asset encompasses 2,540 square feet and occupies a land area of 0.6 acres. The price per square foot for the transaction was $987. The property is also shadow-anchored by a Schnucks grocery store and is conveniently located near Interstate 74 and the University of Illinois.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,506,000
• Square Footage: 2,540 SF
• Price Per Square Foot: $987
• Address: 204 North Lombard Avenue
• Market: Mahomet
• Acres: 0.6

Samuel Malato and Dominic Sulo from Marcus & Millichap represented the seller in this transaction, highlighting their role in facilitating the deal for the retail asset. Their involvement was crucial in managing the sale process and negotiations.