Former MK Restaurant Property In Chicago's River North Neighborhood Sold For $2.65M

The former MK Restaurant property located at 868 North Franklin Street in Chicago's River North neighborhood has been sold for $2.65 million. The sale of the retail asset was facilitated by SVN Chicago Commercial, with Marcus Cook, Wayne Caplan, and Michael Elam representing the transaction. The building spans 9,600 square feet, resulting in a price per square foot of $276. The purchaser intends to redevelop the property, signaling potential changes to the area.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,650,000
• Address: 868 North Franklin Street
• Market: Chicago
• Square Footage: 9,600
• Price per Square Foot: $276

SVN Chicago Commercial played a vital role in concluding the sale of the former MK Restaurant. Marcus Cook, Wayne Caplan, and Michael Elam, representing SVN Chicago Commercial, excelled in facilitating this transaction, allowing the purchaser to move forward with their plans for the building.