Colin O'Malley Of Interra Realty Sells Retail Redevelopment Site In Logan Square For $10.5M | 2053 North Milwaukee Avenue | Colin O’Malley | Retail | Sale

Summary

Sale

ILLINOIS

Retail

25,473 sqft

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.

Players

All
2

Agents
1
Agencies
1

Colin O’Malley

Director

$10.5M Sold

Interra Realty

Details

Deal Summary

SOLD

IMAGE: Colin O’Malley DATE: 03/07/2024 ADDRESS: 2053 North Milwaukee Avenue MARKET: Milwaukee ASSET TYPE: Retail ~ ACRES: 2.3 BROKER: Colin O’Malley - Interra Realty (@InterraRealty) SALE PRICE: $10,500,000 SF: 25,473 ~ PPSF: $412 NOTE: Interra Realty brokered the $10.5 million sale of a 2.3-acre retail redevelopment site in Chicago's Logan Square neighborhood at 2053 N. Milwaukee Ave. The buyer, undisclosed, intends to redevelop the site under current zoning, while Colin O'Malley of Interra represented the seller, a local real estate owner.

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Address2053 North Milwaukee Avenue

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