Press Releases
Marcus & Millichap Arranges $5.8M Sale of Industrial Property in Wheeling, Illinois
April 30, 2025
WHEELING, Ill., April 30, 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 100 Chaddick Drive, a 72,000-square-foot industrial property in Wheeling, Illinois for $5,578,000.
“This property not only provides immediate, stable cash flow but also offers a future value-add opportunity, making it a strong long-term investment,” said Peter Doughty, first vice president investments. “Investor demand remains high for well-located, functional industrial assets like this one, particularly in established submarkets such as Wheeling.”
Doughty, investment specialist in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a private owner, and procured the buyer, a private out-of-state investor.
Built in 1990, the property is situated on 3.98 acres and offers strong regional connectivity just four miles from a full I-294 interchange. Its location in Cook County provides convenient access to a broad and diverse labor pool.
“This property not only provides immediate, stable cash flow but also offers a future value-add opportunity, making it a strong long-term investment,” said Peter Doughty, first vice president investments. “Investor demand remains high for well-located, functional industrial assets like this one, particularly in established submarkets such as Wheeling.”
Doughty, investment specialist in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a private owner, and procured the buyer, a private out-of-state investor.
Built in 1990, the property is situated on 3.98 acres and offers strong regional connectivity just four miles from a full I-294 interchange. Its location in Cook County provides convenient access to a broad and diverse labor pool.
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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.
