Local Private Investor Acquires 23,000 Square Foot Retail Strip Center In Schiller Park For $3.5M

A local private investor acquired a 23,000-square-foot, six-suite retail strip center located at 4926 North River Road in Schiller Park, Illinois, for $3.5 million as part of a 1031 exchange. The asset spans 1.38 acres and is occupied by various tenants including Shoeless Joe’s Restaurant, Enterprise Rent-A-Car, and Axeclusive Throwing & VR Lounge.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Square Footage: 23,000
• Price Per Square Foot: $152
• Address: 4926 North River Road
• Market: Schiller Park, IL
• Brokers: Adrian Mendoza, Sean Sharko & Austin Weisenbeck - Marcus & Millichap

Marcus & Millichap represented the seller, a partnership of two local investors, in this transaction. The involvement of Adrian Mendoza, Sean Sharko, and Austin Weisenbeck facilitated the successful completion of this deal.