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.