Colin O'Malley Of Interra Realty Sells Retail Redevelopment Site In Logan Square For $10.5M

A 2.3-acre retail redevelopment site located at 2053 North Milwaukee Avenue in Chicago's Logan Square neighborhood was recently sold for $10.5 million. The property, with a total square footage of 25,473 and a price per square foot of $412, was transacted by Colin O'Malley of Interra Realty. The buyer, whose identity remains undisclosed, plans to utilize the current zoning to carry out the redevelopment of the site.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Address: 2053 North Milwaukee Avenue
• Market: Milwaukee
• Broker: Colin O’Malley - Interra Realty

The $10.5 million deal was brokered by Colin O'Malley from Interra Realty on behalf of the local real estate owner who sold the property. The transaction represents a significant acquisition within the retail sector in the vibrant Logan Square neighborhood of Chicago.