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.