SVN Chicago Commercial Facilitates Sale of Illinois Industrial Property
SVN Chicago Commercial has successfully completed the sale of a 31,600-square-foot industrial property located at 404 Washington Boulevard in Mundelein, Illinois.
The property sits on a 2.4-acre lot and includes a spacious paved parking area approved for outside storage and truck parking—an uncommon feature in the competitive Lake County industrial market. With excellent visibility and immediate access to key transportation routes in Chicago’s northern suburbs, the asset presented a valuable opportunity for both owner-users and investors. The final sale price was $1.5 million.
The buyer, who remains undisclosed, intends to occupy a portion of the facility and lease the remaining space. SVN Chicago Commercial’s Next Level Team represented the seller and played a pivotal role in securing a qualified owner-user buyer, ensuring a seamless and successful transaction for all parties involved.
