Millennium Properties brokered the sale of a three story mixed-use building in the Southport Corridor on Chicago’s north side. The 3,237 square foot building, which is one of the last parcels available for redevelopment on Southport, sold for $1,625,000. The property generated an overwhelming amount of interest from local and national investors and developers.
Millennium Properties brokered the sale of a 22,800 square foot church facility on the south side of Chicago at its most recent auction. The two level church, located at 9011 S. Stony Island Ave., was purchased by Christ Apostolic Church which will use the facility to expand its congregation.
Millennium Properties is proud to announce that it is a corporate sponsor of Geoffrey Baer's new special on Chicago's South Side. This special will explore neighborhoods from Ashburn to Auburn, Hyde Park to Hegewisch, Woodlawn to Washington Park, with the people who shaped their communities and call them home
Millennium Properties recently sold a 69,000 square foot industrial site in the Old Irving Park neighborhood on Chicago’s northwest side. Less than a block from the Kennedy, the site will be redeveloped into a state-of-the-art distribution center with 30’ clear heights, four dock doors, two drive-in doors and T8 lighting.
Millennium Properties R/E recently sold a 31,050 square foot ground lease for a free-standing PNC Bank branch location in East Chicago. The site is the outlot for a Strack and Van-Til anchored retail center near the busy intersection of Indianapolis Blvd. and Chicago Ave. A West Coast investment fund purchased the ground lease, which has an initial cap rate of 6.6%.
Popular Chicagoland grocery chain Dominick’s closed its doors in late 2013, leaving many of its locations empty. Boutique Chicago real estate firm Millennium Properties has taken over the leasing and sale of several of the chain’s former suburban stores, and is excited to help potential tenants take up occupancy in these prime locations.
Millennium Properties announced that it will be auctioning off a former church facility with two parking lots in the Pill Hill neighborhood of Chicago on August 14. Built in the 1990s, the church can support a large congregation with room for expansion. The 29,490 square foot parcel can also potentially be rehabbed or redeveloped and features more than 250’ of frontage on Stony Island.
Millennium Properties announced that it was recently named the exclusive selling agent for two single room occupancy hotels in Chicago that have a total of 108 rooms. Both properties are located on the south side, with a number of recent capital improvements made, and include the SRO II license from the city. SRO Hotels are a unique affordable housing option that has experienced a severe reduction in stock over the last few years.
Millennium Properties announced that it recently sold five lots, totaling 7.38 acres at a busy corner in Bolingbrook. At the southeast corner 115th St. and Weber Rd., the lots are graded and ready for development. The new owner intends to build a Dunkin’ Donuts franchise location on one of the lots with 373 feet of frontage on Weber Rd
