ACO Completes Sale of Retail and Land in Avondale Neighborhood for $1.1 Million

CHICAGO, ILLINOIS – Thursday, August 31, 2017

ACO Commercial is pleased to announce the sale of 3200-3210 N. Milwaukee Avenue in Chicago’s Avondale neighborhood.  Situated on the corner of Belmont and Milwaukee, the sale consisted of 5,142 SF of ground floor retail located within a vertical subdivision.  The space was configured as 4 separate retail units, all held under a single pin.   At the time of sale, the property was 70% occupied. In a separate transaction, ACO sold an adjacent 12,062 SF land site, used as a parking lot.   This sale represented ACO Commercial’s third asset sold in Avondale during the second half of 2017.

ACO Commercial arranged the sale on behalf of a large, national, California-based private equity firm.  The marketing campaign generated 13 tours, and multiple offers, closing on an all-cash basis.

ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.