Marcus & Millichap Acquires Development Site In Chicago For $2.6M

The sale of a development site at 1935 S. Michigan Avenue in Chicago has been completed. The property spans 13,107 square feet and was sold for a total of $2,600,000, resulting in a price per square foot of $198. The transaction took place on January 22, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,600,000
• Address: 1935 S. Michigan Avenue, Chicago
• Market: Chicago
• Buyer's Representative: Dominic Sulo - Marcus & Millichap
• Seller's Representative: Drew Neems & Theron May - Imperial Realty Co.
• Square Footage: 13,107
• Price per Square Foot: $198

The buyer's representative for this transaction was Dominic Sulo from Marcus & Millichap, while the seller's representatives were Drew Neems and Theron May from Imperial Realty Co.