Marcus & Millichap Acquires Retail Property In Machesney Park For $6.4M

The retail property located at 1523-1531 West Lane Road (aka IL-173) in Machesney Park was recently sold in a closed transaction. The sale took place on March 19, 2021. The property spans a total area of 23,202 square feet, and was sold for a price of $6,400,000, resulting in a price per square foot value of $276. The buyer of the property was represented by Austin Weisenbeck & Sean Sharko from Marcus & Millichap, while Prodigy Real Estate Group acted as the seller's representative.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,400,000
• Size: 23,202 square feet
• Price per Square Foot: $276
• Date: March 19, 2021
• Address: 1523-1531 West Lane Road (aka IL-173), Machesney Park
• Buyer's Representative: Austin Weisenbeck & Sean Sharko - Marcus & Millichap
• Seller's Representative: Prodigy Real Estate Group

Austin Weisenbeck & Sean Sharko from Marcus & Millichap represented the buyer in the transaction, while Prodigy Real Estate Group represented the seller. The deal closed on March 19, 2021, with a total price of $6,400,000 and a price per square foot of $276. This sale represents a significant transaction in the Machesney Park retail market.