Press Releases
Marcus & Millichap Brokers $2.25M Sale of Fully Leased Retail Property in Chicago
March 19, 2025
CHICAGO, March 19, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 5601 N. Clark St., a multi-tenant retail property located in the Andersonville neighborhood of Chicago, Illinois. The property sold for $2.25 million.
"Andersonville is one of Chicago’s most dynamic retail corridors, where street retail thrives due to high foot traffic and low vacancy," said Mitchell Kiven, first vice president investments. "This sale highlights the strong demand for well-located, multi-tenant retail properties, particularly in neighborhoods with a thriving small business community. With full occupancy and four complementary tenants, the buyer secures both steady cash flow and control of a prime corner in one of Chicago’s most sought-after retail districts."
Kiven, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, an entity affiliated with The Cloverleaf Real Estate Group, and procured the buyer, a private Chicago-based investor.
The property, situated at the signalized intersection of Clark Street and Bryn Mawr Avenue, serves as the multi-tenant retail portion of a multifamily building. The 6,245-square-foot property features a mix of service-oriented tenants, including Rosin Eyecare, Orange Shoe Fitness, Apothecary EO and The Dropped Stitch.
"Andersonville is one of Chicago’s most dynamic retail corridors, where street retail thrives due to high foot traffic and low vacancy," said Mitchell Kiven, first vice president investments. "This sale highlights the strong demand for well-located, multi-tenant retail properties, particularly in neighborhoods with a thriving small business community. With full occupancy and four complementary tenants, the buyer secures both steady cash flow and control of a prime corner in one of Chicago’s most sought-after retail districts."
Kiven, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, an entity affiliated with The Cloverleaf Real Estate Group, and procured the buyer, a private Chicago-based investor.
The property, situated at the signalized intersection of Clark Street and Bryn Mawr Avenue, serves as the multi-tenant retail portion of a multifamily building. The 6,245-square-foot property features a mix of service-oriented tenants, including Rosin Eyecare, Orange Shoe Fitness, Apothecary EO and The Dropped Stitch.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
