Carol Stream shopping center sells for $1.8 million
CAROL STREAM - SVN | Chicago Commercial recently sold a 16,299 SF retail shopping center at 257-81 Elk Trail Road in Carol Stream for $1.8 million.
Tim Franz of SVN | Chicago Commercial represented the seller in the transaction. The buyer's name was not disclosed.
"Elk Trail is a true multi-tenant neighbor center with a service oriented tenant mix, which makes it successful within a dense residential area. This type of asset has become more attractive to out of state buyers. We were able to locate an out-of-state trade buyer to maximize pricing for the seller. DuPage County real estate continues to remain in demand due to its tax benefits versus alternative counties in Chicagoland," Franz said.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.