Press Releases
Marcus & Millichap Arranges $4.1M Sale of Five-Suite Retail Property in Chicago
June 30, 2025
CHICAGO, June 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 a five-suite retail property located at 600 S. Dearborn St. in Chicago, Illinois, for $4.1 million.
“We’re proud to have represented the buyer in the successful acquisition of this irreplaceable retail condo asset in the heart of Chicago,” said Mark Krantz, Senior Director Investments. “The property's strong tenancy, assumable debt and historic location made it a compelling investment opportunity.”
Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a Washington, D.C.-based private investor. The agents worked with Steve Filippo, capital markets specialist with Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap. Steven Weinstock is the firm’s broker of record in Illinois.
Located at the intersection of South Dearborn and West Harrison streets in Chicago’s Loop, the property totals 12,132 square feet of ground-floor retail space within the historic Transportation Building. Fully leased to a mix of five established tenants, including 7-Eleven and Sofi Restaurant, the asset benefits from strong foot traffic, proximity to major transit lines and dense residential and office populations.
“This was a smooth, well-executed transaction, thanks to strong collaboration across all parties,” added Krantz. “Buyer’s counsel provided steady legal guidance, and Steve Filipo ensured an efficient financing process. We’re pleased to have helped guide the deal to a successful close."
“We’re proud to have represented the buyer in the successful acquisition of this irreplaceable retail condo asset in the heart of Chicago,” said Mark Krantz, Senior Director Investments. “The property's strong tenancy, assumable debt and historic location made it a compelling investment opportunity.”
Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a Washington, D.C.-based private investor. The agents worked with Steve Filippo, capital markets specialist with Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap. Steven Weinstock is the firm’s broker of record in Illinois.
Located at the intersection of South Dearborn and West Harrison streets in Chicago’s Loop, the property totals 12,132 square feet of ground-floor retail space within the historic Transportation Building. Fully leased to a mix of five established tenants, including 7-Eleven and Sofi Restaurant, the asset benefits from strong foot traffic, proximity to major transit lines and dense residential and office populations.
“This was a smooth, well-executed transaction, thanks to strong collaboration across all parties,” added Krantz. “Buyer’s counsel provided steady legal guidance, and Steve Filipo ensured an efficient financing process. We’re pleased to have helped guide the deal to a successful close."
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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.
