WINNETKA, Ill. -- One of the most distinguished retail stores on Chicago's North Shore, Village Carpets & Rugs, is officially closing their 4,500 square foot showroom, located at 924 Green Bay Road, in Winnetka.

The business started in 1964 and has evolved throughout the years to become a premium source for area rugs and carpets on the North Shore. When Sue Suster started creating and developing custom rugs over 30 years ago, her designs were in such demand, both in the U.S. and in her luxury rental home in Queretaro, Mexico, that both Sue and her husband, Rip Suster, took the opportunity to expand by forming a specialized boutique rug and carpet store called Village Carpets.

Village Carpets & Rugs owners, Sue and Rip Suster. (PRNewsFoto/Village Carpets)

Considered an iconic Hubbard Woods Design District retailer, the store is now closing its doors forever. The Public Store Closing Sale, which began Friday, Oct. 14, 2016, will open to the general public on Oct. 18, offering liquidation prices on high-end area rugs, custom carpets, and fixtures.

"We have enjoyed a tremendous relationship with the people of Winnetka and the surrounding communities for over 40 years. We have now made the strategic decision to close our showroom and sell out our entire and complete stock," said Rip Suster.

The coordinated sale is expected to draw tremendous crowds due to the low prices Village Carpets & Rugs will be offering on its entire stock. Everything, including their newest merchandise and special orders, will be included in what the owners are calling a historic sale.