Press Releases
Marcus & Millichap Arranges $3M Sale of 11-Suite Retail Strip in Taylorville, Illinois
September 03, 2025
TAYLORVILLE, Ill., Sept. 3, 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 an 11-suite retail strip, shadow-anchored by Walmart, in Taylorville, Illinois. The property sold for $3 million.
“We procured multiple offers from both in-state and out-of-state investors, ultimately closing with a Midwest-based private investment group completing a 1031 exchange,” said Adrian Mendoza, senior managing director investments. “Despite having less than seven months remaining on the Dollar Tree lease, which represents nearly 38% of the center’s gross leasable area, the property’s strong fundamentals and ideal mix of national and regional service-based tenants drove competitive buyer interest.”
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, private investor based in the Chicagoland area. Phoebe Klein, Sharko and Weisenbeck procured the buyer, a 4th generation, family-owned real estate company based in Michigan.
The 23,240-square-foot center sits on a 3.06-acre parcel at 1514 W. Springfield Road, adjacent to a Walmart that draws nearly 1.9 million annual visitors. Built in 2005, the center features a mix of national and regional service tenants including Dollar Tree and Great Clips. Nearby national retailers include Aldi, Arby’s, Kroger and Starbucks.
“We procured multiple offers from both in-state and out-of-state investors, ultimately closing with a Midwest-based private investment group completing a 1031 exchange,” said Adrian Mendoza, senior managing director investments. “Despite having less than seven months remaining on the Dollar Tree lease, which represents nearly 38% of the center’s gross leasable area, the property’s strong fundamentals and ideal mix of national and regional service-based tenants drove competitive buyer interest.”
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, private investor based in the Chicagoland area. Phoebe Klein, Sharko and Weisenbeck procured the buyer, a 4th generation, family-owned real estate company based in Michigan.
The 23,240-square-foot center sits on a 3.06-acre parcel at 1514 W. Springfield Road, adjacent to a Walmart that draws nearly 1.9 million annual visitors. Built in 2005, the center features a mix of national and regional service tenants including Dollar Tree and Great Clips. Nearby national retailers include Aldi, Arby’s, Kroger and Starbucks.
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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.
