Kiser Group Brokers Facilitates $3.975M Sale of Rarely Available West Town Property

Kiser Group, a leading commercial real estate brokerage firm in Chicago, is pleased to announce the successful closing of a significant property in West Town facilitated by broker Noah Clark and Jack Petrando. The property, located in a highly desirable and rarely available area, was sold for a final price of $3.975 million.

The property, boasting a 100% occupancy rate, attracted attention from local and out of state buyers due to its unique features and strategic location. Situated close to the West Loop and Fulton Market areas with easy access to shops and restaurants, the property offers an unparalleled opportunity for investment and growth in the vibrant West Town neighborhood.

“The demand for buildings in this rapidly appreciating pocket of West Town has been remarkable,” said Noah Clark, Broker at Kiser Group. “Despite the competitive market, we were able to find a local buyer who recognized the value of this turnkey property.”

The transaction garnered interest from a large group of investors seeking both turn-key and value-add opportunities. However, the property’s attributes, including its assumable loan and condo-quality renovations completed in 2019, made it particularly appealing to the buyer.

“This sale underscores the ongoing market trends we are witnessing in West Town,” added Clark. “Buyers are increasingly interested in properties that offer both immediate returns and long-term potential.”

The property, comprising four buildings in total, represents a significant investment opportunity in one of Chicago’s most sought-after neighborhoods. Kiser Group continues to lead the market in facilitating successful transactions that meet the diverse needs of buyers and sellers alike.

Click here to read the full story by RE Business Online. 

Click here to read the full story by Connect CRE. 


Kiser Group Staff