ACO Commercial Sells 6.2 Acre Former Homewood Hotel Site

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ACO Commercial Announces:

Toscas Sells 6.2 Acre Former Homewood Hotel Site

CHICAGO, ILLINOIS – Thursday December 5, 2013   –   ACO Commercial, is pleased to announce the sale of approximately 6.2 Acres of unimproved land at 17400 S. Halsted Street in Homewood, Illinois.  The site was the former home to the Homewood Hotel, which was razed by ownership prior to the sale.  The land has Retail B-4 Zoning and is suitable for commercial development in a vibrant commercial corridor.

George J. Toscas, Executive Vice President, arranged the sale of the property on behalf of the United Central Bank of Texas.  The sale price was approximately $1.15 Million.  The deal was closed on an all-cash basis with no contingencies.

ACO Commercial specialized in the sale of investment real estate throughout the Midwest.  Affiliated Chicago Operations, LLC has 21 offices in Illinois, Wisconsin, and Indiana with over 1,000 agents.