We’re thrilled to announce that CRER Senior Director Steven Rapoport has successfully Brokered the sale of a 28,000 sq. ft. income-generating commercial property at 5531-33 N. Broadway St., Chicago, IL 60640 in the Edgewater neighborhood of Chicago.
ยท Before the sale, Steven worked closely with the ownership to complete two commercial leases, positioning the property as a prime income-generating asset. He negotiated a long-term lease renewal and expansion with an existing tenant and secured a new tenant for a 4,000 sq. ft. second-floor office space. Following these strategic moves, he managed an off-market sale, securing a seamless transaction for the seller and a strong investment opportunity for the buyer.
This property is situated in the rapidly developing Edgewater neighborhood of Chicago, a prime location with robust underlying zoning that enhances its appeal as a long-term covered land play investment.
Contact Steven today if you’re looking to buy or sell investment property in Chicago.
