CHICAGO, IL – June 3, 2015 – (RealEstateRama) — Chicago-based Baum Realty Group, LLC (“Baum”), one of the Midwest’s leading retail brokerage firms, is pleased to announce that Baum’s Investment Sales Team brokered the sale of a multi-tenant commercial condominium in Chicago, IL.
Baum Realty Group Investment Sales Team of Greg Dietz and Danny Spitz represented a private seller in the transaction of a ±10,451 square foot commercial condominium located at 1669 – 1681 N. Milwaukee Avenue in Chicago, IL for $3,700,000. The commercial condominium is divided into three suites and was 100% occupied by two tenants at the time of sale. The property was purchased by a private investor as a 1031 exchange. According to Dietz, “The Bucktown / Wicker Park neighborhood is viewed as established, yet having upside potential. In today’s investment environment, a stabile retail asset such as this with proximity to public transit options yielded an immense amount of interest from both local and national investors.”
Baum Investment Sales Team members are experts in representing multi-tenant retail shopping centers and urban retail / mixed-use properties in metropolitan Chicago. In addition to the sale of the 1669 – 1681 N. Milwaukee Avenue location, Baum’s team sold the ±18,450 square foot mixed-use building located at 1422 – 1426 N. Milwaukee Avenue in Bucktown / Wicker Park for $4,200,000, another mixed-use project in Bucktown / Wicker Park at 1308 – 1310 N. Milwaukee Avenue for $2,400,000, a single-tenant retail property at 1612 W. North Avenue in Bucktown / Wicker Park for $6,150,000, a retail condo at 1650 N. Wells in Old Town for $2,800,000, a mixed-used building at 1031 – 1033 W. Belmont Avenue for $3,275,000 and the retail shops at the Waldorf Astoria in the Gold Coast for $44,000,000.
ABOUT BAUM REALTY GROUP
Baum Realty Group is one of the Midwest’s premier retail real estate firms, serving the retail community since 1991. Baum provides comprehensive Tenant Representation, Third-Party Landlord Leasing and Investment Sales services. The company represents a diversified clientele of top property owners as well as prestigious national, regional and local tenants. For more information, visit them at www.baumrealty.com, or call 312.666.3000.