Photo of subject property in Lakeview neighborhood in Chicago available here.
CHICAGO (March 25, 2015) – Mid-America Real Estate Corporation recently brokered the sale of a former funeral home in the Lakeview neighborhood of Chicago. The 12,500-square-foot building and 0.33 acres of land were purchased by Chicago-based Stonestreet Partners, LLC for $3.75 million.
The subject property is located at the northeast corner of Lincoln, Southport, and Wellington Avenues. Stonestreet plans to redevelop the former funeral home. The project will include retail and residential conversion and addition to the existing building.
Mid-America Principal Paul Bryant and Vice President Andrew Becker represented the seller, a private family and land trust, in the transaction. Kevin Boyd of SRS Real Estate represented the buyer.
“The phenomenal in-fill development site is a rare opportunity in the heart of one of Chicago’s premier neighborhoods,” said Becker. “Mid-America received several qualified and competitive offers within weeks of listing the property for sale. We are pleased to have represented the family and land trust who owned the property for approximately 30 years.”
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com. WEB LINKS
Former funeral home located in Lakeview neighborhood in Chicago
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