Essex Realty Group Brokers the Sale of a Mixed-Use Building in Wheaton, IL
July 7, 2017 09:23 AM
1060 College Avenue is a 15-unit mixed-use property located in suburban Wheaton. The property is currently comprised of 12 apartment units and 3 commercial spaces. The building has received several capital improvements in the last few years including but not limited to exterior painting, HVAC and hot water heater replacements, rear deck repairs, and retail space expansions.
The property is adjacent to the College Avenue Metra station which provides abundant foot traffic for the retail spaces and commuter friendly benefits to those seeking apartment units in Wheaton. Wheaton College has student housing facilities directly across from the building, and the College of DuPage bus route stops in front of the building.
The sale price was approximately $2,075,000
Brian Kochendorfer, Brian Karmowski and Abe Eilian were the brokers on the transaction.