Frontline Real Estate Partners has closed the sale of a 3,052 SF former bank branch located at 5525 W. Diversey Avenue in Chicago. The building was located just off the corner of Central Avenue in the Belmont Cragin neighborhood. The property sold for $1,350,000 which was above the initial asking price. Frontline worked with a senior housing developer through an extensive zoning process to help facilitate the transaction.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing of commercial real estate properties throughout the United States. Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.