Business

Joliet shopping strip sells for $680,000

Posted July 23, 2019 1:00 am

JOLIET - Marcus & Millichap said it has sold Springfield Plaza, a 10,198-square foot shopping strip at 121 Springfield Ave. in Joliet, for $680,000, according to David G. Bradley, regional manager of the firm's Chicago Downtown office.

Springfield Plaza is strategically located near other commercial developments, single-family homes, and apartment complexes. There are over 83,000 residents within a three-mile radius of the property, bringing in consistent business and keeping the area well trafficked. This shopping strip comprises seven suites and is fully leased to a variety of tenants.

Brian Parmacek, a first vice president investments, and Luke Kingsbury, an associate, in Marcus & Millichap's Chicago Downtown office, represented both the seller and purchaser in the transaction.

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