Tuyen Nguyen and Eric Janssen with CRER (Chicago Real Estate Resources, Inc.) facilitated the sale of a multi-store retail property along Sheridan Road on behalf of long-term ownership, which operated the property for over 45 years. The building traded for $2,600,000 – $100,000 over asking price.
5033-5045 N Sheridan Rd consists of six (6) retail spaces sitting on a 15,730 SF corner lot. The property is located in the vibrant Uptown community of Chicago, close to Argyle Street, just minutes from Lake Shore Drive and the Lakefront.
After a substantial marketing campaign that focused on local and national investors, the team generated multiple offers. The purchaser, a local investor and developer, is planning a future mixed-use development yet to be announced.
Contact Tuyen if you need help buying or selling commercial real estate in Chicago or the surrounding suburbs. If you are interested in better understanding what your property could sell for, please contact Tuyen for a free property evaluation.