February 3, 2022 – Mark Heidecke and Jonah Carman of Horvath & Tremblay have successfully completed the sale of a Retail Strip Center in Franklin Park, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $311,000.
The Retail Strip Center is located at 9704-9712 Franklin Avenue in Franklin Park, Illinois. The Property is an extremely well-located inline retail strip center comprised of 8,937 square feet on a 0.30-acre parcel of land. The Property is 100% occupied by a strong mix of local tenants serving the surrounding community. The five tenant retail strip center is set in a local retail destination district with great visibility and access along Franklin Avenue with abundant on-street parking. The commercial enclave is surrounded by a densely populated residential neighborhood and offers convenient access to US Route 45 (the area’s primary commercial corridor), Interstate 294, and Grand Avenue. Additionally, the Property benefits from its proximity to the Franklin Park Metra Station (MD-W Line) 0.2-miles away. The Property is 5-miles from O’Hare International Airport, one of the busiest airports in the world. The airport continues to drive the local economy around it, working in conjunction with local businesses, and employing more than 41,000 people.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.