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9421 West Higgins Road
SOLD

Small Cheval, Zanies Comedy Club & Taco Bell Acquire Retail Properties In Rosemont For $3.5M

9421 West Higgins Road

Retail
4,600 SF
clock iconSold 58 days ago
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Summary

Sale
ILLINOIS
Retail
4,600 sqft

The retail property located at 9421 West Higgins Road in Rosemont was sold in a notable transaction. The property spans 4,600 square feet and was sold for a total price of $3.5 million, equating to a price per square foot of $761. The buyers of this property include Small Cheval, Zanies Comedy Club, and Taco Bell, who are solidifying their presence by purchasing the buildings they currently lease from the village. This sale marks a transition for the Village of Rosemont away from landlord responsibilities towards property sales to support general village operations and offset debt service.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Buyer: Small Cheval, Zanies Comedy Club & Taco Bell
  • Seller: Mayor Brad Stephens - Village of Rosemont
  • Market: Rosemont
  • Address: 9421 West Higgins Road

The sale involved significant parties, with the buyers being Small Cheval, Zanies Comedy Club, and Taco Bell making strategic investments in the properties they currently lease. On the other side, Mayor Brad Stephens, representing the Village of Rosemont, acted as the seller in this transaction. This deal underscores the shift in responsibilities as the municipality moves towards selling properties to support its operational needs and financial stability.

Details

Deal Summary
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SOLD
IMAGE: Mayor Brad Stephens DATE: 05/14/2024 ADDRESS: 9421 West Higgins Road MARKET: Rosemont ASSET TYPE: Retail BUYER: Small Cheval, Zanies Comedy Club & Taco Bell SELLER: Mayor Brad Stephens - Village of Rosemont SALE PRICE: $3,500,000 SF: 4,600 ~ PPSF: $761 NOTE: Rosemont's Small Cheval, Zanies Comedy Club, and Taco Bell are solidifying their presence by purchasing the buildings they currently lease from the village, with Small Cheval's 4,600-square-foot property sold for $3.5 million, Taco Bell's nearby property for $1.375 million, and Zanies for $1.75 million, marking a transition for the municipality away from landlord responsibilities as it moves towards property sales to bolster general village operations and offset debt service.

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Address9421 West Higgins Road

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