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Marcus & Millichap Sells Retail Property In Antioch, IL For $1.9M

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SOLD
$1,944,482

Illinois

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Retail28,690 SF
Sold 10/05/2022
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Property Image
SOLD

Marcus & Millichap Sells Retail Property In Antioch, IL For $1.9M

311 East Depot Street, Antioch, Illinois 60002, United States

See Similar Deals
Retail28,690 SF
Sold 10/05/2022
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$67
Total Square Footage:28,690 SF
Transaction Type:Sale

The retail property located at 311 Depot Street in Antioch, IL, was recently sold for $1,944,482. This sale took place on October 5, 2022. The property spans across 28,690 square feet, resulting in a price per square foot of $68. Alec Coronado, Brian Parmacek, and Paul Butera from Marcus & Millichap represented the buyers and sellers in this transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,944,482
  • Address: 311 Depot Street, Antioch, IL
  • Market: Antioch, IL

The buyers and sellers of the retail property at 311 Depot Street were represented by Alec Coronado, Brian Parmacek, and Paul Butera from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in finalizing the sale. This transaction highlights the strong presence of Marcus & Millichap in the Antioch, IL market.

Players

Brian Parmacek
9 deals$27.8M volume(224) 619-6808
BROKER

Alec Coronado
Marcus & Millichap
2 deals$10.8M volume
BROKER

Paul Butera
Marcus & Millichap
1 deal$1.9M volume
BROKER

Details

SOLD
IMAGE: Alec Coronado, Brian Parmacek & Paul Butera DATE: 10/05/2022 ADDRESS: 311 Depot Street MARKET: Antioch, IL ASSET TYPE: Retail BROKERS: Alec Coronado (@AlejandroYobro), Brian Parmacek (@BrianParmacek) & Paul Butera - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $1,944,482 SF: 28,690 ~ PPSF: $68

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,908.34
Cash-on-Cash Return-1.27%
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