Marcus & Millichap Brokers $1.675M Sale Of Retail Asset In Evanston For BMO Bank

A retail property located at 2821 Central Street in Evanston, IL has been sold for $1,675,000. The asset features a total square footage of 3,456 and a price per square foot of $485.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,675,000
• Square Footage: 3,456 SF
• Address: 2821 Central Street
• Market: Evanston
• PPSF: $485

Nicholas Kanich of Marcus & Millichap represented the sale, successfully securing an out-of-state buyer with ties to Illinois. The transaction closed as scheduled with a 14-day due diligence period and a seven-day close, highlighting the strong demand for net-lease retail assets in well-located areas.