In February, there were 4 commercial properties sold:
|Address||Type||Sale Price||Price/SF||Days on Market|
|500 Ela Rd – Lake Zurich||Restaurant||$395,000||$149||210|
|730 Hastings Ln – Buffalo Grove||Industrial||$1,100,000||$66||1,405|
|890 S Rand Rd – Lake Zurich||Retail||$2,000,000||$200||146|
|155 E Town Line Rd – Vernon Hills||Retail||$4,700,000||$103||–|
There were 376 commercial properties for sale during the same time period. That means 1% of the available properties actually sold during the month. At that pace, it will take 93 months to sell the current supply of available properties.
During the same time period, there were 983 properties offered for lease.
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About Beau Beach, CCIM
Beau is an elite Investment Real Estate Broker, Forbes contributor, author, investor and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.
He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.
Beau leads Prowess IRES which specializes in selling investment real estate for the absolute highest price the market will pay in the Milwaukee, Nashville, Chicago and South Florida markets.
Beau can be reached at 414-324-4938 (Milwaukee), 615-927-2868 (Nashville), 312-275-4440 (Chicago), 561-425-9935 (South Florida) or Beau@ProwessIRES.com