iReal Estate Commercial is pleased to announce the successful sale of an office building located at 1300 Irving Park Rd, Streamwood, IL, to a non-profit religious organization. The firm represented the seller in this complex and lengthy transaction. Thanks to the collaborative efforts of brokers on both sides, along with the attorneys, loan officers, and the strong motivation of both the buyer and seller, the deal closed successfully for $2,350,000 last Friday.

Originally built as a bank, this two-story building covers 16,708 square feet and includes a large basement, situated on 2.37 acres of land. It is fully equipped with sprinklers, a fire alarm, and security cameras. The first floor has been transformed into a venue featuring a beautiful reception area, a hallway with a buffet setting, a spacious and elegant banquet hall, a bar, an office, a bridal room, and large bathrooms with wardrobes. Additionally, there is a fully equipped commercial kitchen complete with a freezer and a cooler. The second floor contains office units that were previously leased by an attorney, a hair salon, a media company, and a dance studio.

The property is conveniently located on busy Irving Park Road, providing easy access to I-90 and I-290. It enjoys a prime location with excellent visibility and high traffic counts, averaging 28,309 cars daily. The site is just a 30-minute drive from O’Hare International Airport and 60 minutes from Downtown Chicago. It is surrounded by national and local retail centers, shops, restaurants, and corporate businesses.

We extend our gratitude to everyone who contributed to this challenging yet rewarding deal.

Are you considering selling your property? Fill out the Broker Opinion of Value form on our website: https://irealestatecommercial.com/bov or schedule an appointment to talk to an advisor.