Press Releases
Marcus & Millichap Arranges $3.5M Sale of Six-Suite Retail Property Near O'Hare International Airport
June 23, 2026
SCHILLER PARK, Ill., June 23, 2026 – 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 six-suite retail strip property in Schiller Park, Illinois, for $3.5 million.
“The transaction presented several challenges, including short remaining lease terms, but we were able to successfully position the asset's long-term potential in the marketplace,” said Adrian Mendoza, senior managing director investments. “A local private investor acquired the property as part of a 1031 exchange, recognizing the benefits of its conversion from a former warehouse to a multi-tenant retail center and the continued traffic generated by Rosemont's convention and corporate presence.”
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, a partnership of two local investors.
The 23,000-square-foot retail center is situated on 1.38 acres at 4926 N. River Road. The center is occupied by a mix of service-oriented tenants, including Shoeless Joe’s Restaurant, Enterprise Rent-A-Car and Axeclusive Throwing & VR Lounge. The property is less than one mile from Interstate 294 and minutes from O’Hare International Airport, the Fashion Outlets of Chicago and the Donald E. Stephens Convention Center.
“The transaction presented several challenges, including short remaining lease terms, but we were able to successfully position the asset's long-term potential in the marketplace,” said Adrian Mendoza, senior managing director investments. “A local private investor acquired the property as part of a 1031 exchange, recognizing the benefits of its conversion from a former warehouse to a multi-tenant retail center and the continued traffic generated by Rosemont's convention and corporate presence.”
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, a partnership of two local investors.
The 23,000-square-foot retail center is situated on 1.38 acres at 4926 N. River Road. The center is occupied by a mix of service-oriented tenants, including Shoeless Joe’s Restaurant, Enterprise Rent-A-Car and Axeclusive Throwing & VR Lounge. The property is less than one mile from Interstate 294 and minutes from O’Hare International Airport, the Fashion Outlets of Chicago and the Donald E. Stephens Convention Center.
# # #
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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
