Marcus & Millichap Sells Downers Grove Retail Property For $2.265M With Buyer's Rep Timothy Nichols, Nicholas Kanich & Mitch Grant
2231 Maple Avenue, Downers Grove, Illinois 60515, United States
$2,265,000
Building Size
—
Asset Type
Retail
Closing
Jan 23, 2023
AI
The retail property located at 2231 Maple Ave in Downers Grove has been sold for $2,265,000. The transaction took place on January 23, 2023. The property is situated in the thriving Downers Grove market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,265,000
- Address: 2231 Maple Ave
- Market: Downers Grove
The sale of this retail property was facilitated by Timothy Nichols, Nicholas Kanich, and Mitch Grant from Marcus & Millichap, who represented the buyer and seller in the deal.
Players
Downers Grove Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.00%
Cash-on-Cash
-2.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93