Marcus & Millichap Arranges $4.6 Million Sale of Retail Center in Metro Chicago

Hammond, Ind. — Marcus & Millichap has arranged the $4.6 million sale of a 14,158-square-foot retail center in Hammond, approximately 30 miles outside Chicago. Built in 2017, the property is leased to tenants including American Renal Associates. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, a developer based in Hobart, Indiana. A 1031-exchange investor purchased the property.