Sold Commercial


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Location: 900 Technology Way, Libertyville, IL, 60048
THIS AUCTION IS CLOSED

Bank Owned: Pine Meadows Office Campus - 10 Commercial Office Condo Units

SOLD

10 VACANT UNITS AVAILABLE FOR PRE-AUCTION PURCHASE IN BULK

Previously Valued To: $2,769,690 ($110 sf)

Minimum Bid/Reserve Price: $1,762,530 ($70 sf)

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

Building Class: A

Building Size:  Approx. 45,000 sf

Total Available Square Feet: Approx. 25,179 sf

Zoning: O-2

Annual Association Dues:  $3.82 psf

Unit Sizes:

Unit 150-W - Approx. 3,538 sf

Unit 240-W - Approx. 1,911 sf

Unit 260-W - Approx. 1,861 sf

Unit 270-W - Approx. 2,605 sf

Unit 310-W - Approx. 3,192 sf

Unit 320-W - Approx. 1,838 sf

Unit 330-W - Approx. 2,542 sf

Unit 340-W - Approx. 3,246 sf

Unit 350-W - Approx. 1,830 sf

Unit 360-W - Approx. 2,616 sf

PIN #s: 

11-18-104-045 - Unit 150-W (2013 Taxes $13,200.40)

11-18-104-053 - Unit 240-W (2013 Taxes $3,662.25)

11-18-104-055 - Unit 260-W (2013 Taxes $3,676.10)

11-18-104-056 - Unit 270-W (2013 Taxes $4,956.94)

11-18-104-049 - Unit 310-W; 320-W; 330-W; 340-W; 350-W; 360-W (2013 Taxes $29,377.39) 

The building was constructed in 2006 consisting of a office condominium development offering an architecturally stunning building in a popular location. This three story elevator building can accommodate any professional business or medical user looking for an outstanding location with excellent access and exposure. These never-occupied office condos are provided in a rare “vanilla-box” condition that includes; electrical, drywall, drop ceiling with lighting fixtures and existing HVAC system. The roof is less than 9 years old. There are over 400 parking spaces available which are not deeded or assigned which currently exceeds the approved plan for entire development of 5.02 parking spaces per 1000 sf.

The property is zoned O-2 Office, Manufacturing & Distribution Park. Permitted and Special Permitted uses are listed at http://www.libertyville.com/DocumentCenter/View/12667   (the numbers after each use are tied to the NAICS 2007 system you can search these at http://www.census.gov/eos/www/naics/ ).

Prime Libertyville location in close proximity to Condell Medical Center, Winchester Road and Route 45. Easy access to I-94. Impressive location for the most discerning business owners.

Seller financing available.  Seller is current on association dues and taxes.

ALL BEST AND FINAL BIDS DUE BY APRIL 15, 2015

**If all 10 available units are not sold in bulk by 4/18, the entire 3rd floor will be available for either pre-auction purchase or online bidding in the 4/20-4/22 online auction with a minimum bid of $1,144,800 ($75 psf).

View Property Flyer (PDF)

View 2013 Taxes (PDF)

View 2015 Budget (PDF)

View Zoning (PDF)

View Declaration Libertyville Office (PDF)

View Declaration Pine Meadows (PDF)

View Declaration First Amendment (PDF)

View Declaration Second Amendment (PDF)

View Declaration Third Amendment (PDF)

View Declaration Fourth Amendment (PDF)

View Online Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 900 Technology Way, Libertyville, IL, 60048
THIS AUCTION IS CLOSED

Bank Owned: Pine Meadows Office Campus - Commercial Office 3rd Floor Condo Units

SOLD

Entire 3rd floor (Units 310-W, 320-W, 330-W, 340-W, 350-W, 360-W) available for pre-auction purchase.

Previously Valued To: $1,679,040 ($110 sf)

Minimum Bid/Reserve Price: $1,144,800 ($75 sf)

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

Building Class: A

Building Size: Approx. 45,000 sf

Total Available Square Feet:  Approx. 15,264 sf

Zoning: O-2

Annual Association Dues:  $3.82 psf

Unit Sizes:

Unit 310-W - Approx. 3,192 sf

Unit 320-W - Approx. 1,838 sf

Unit 330-W - Approx. 2,542 sf

Unit 340-W - Approx. 3,246 sf

Unit 350-W - Approx. 1,830 sf

Unit 360-W - Approx. 2,616 sf

PIN #:

11-18-104-049 - Unit 310-W; 320-W; 330-W; 340-W; 350-W; 360-W (2013 Taxes $29,377.39) 

The building was constructed in 2006 consisting of a office condominium development offering an architecturally stunning building in a popular location. This three story elevator building can accommodate any professional business or medical user looking for an outstanding location with excellent access and exposure. These never-occupied office condos are provided in a rare “vanilla-box” condition that includes; electrical, drywall, drop ceiling with lighting fixtures and existing HVAC system. The roof is less than 9 years old. There are over 400 parking spaces available which are not deeded or assigned which currently exceeds the approved plan for entire development of 5.02 parking spaces per 1000 sf.

The property is zoned O-2 Office, Manufacturing & Distribution Park. Permitted and Special Permitted uses are listed at http://www.libertyville.com/DocumentCenter/View/12667 (the numbers after each use are tied to the NAICS 2007 system you can search these at http://www.census.gov/eos/www/naics/ ).

Prime Libertyville location in close proximity to Condell Medical Center, Winchester Road and Route 45. Easy access to I-94. Impressive location for the most discerning business owners.

Seller financing available.  Seller is current on association dues and taxes.

Pre-auction bids highly encouraged.

**If all 10 available units are not sold in bulk by 4/18, the entire 3rd floor will be available for either pre-auction purchase or online bidding in the 4/20-4/22 online auction with a minimum bid of $1,144,800 ($75 psf).

View Property Flyer (PDF)

View 2013 Taxes (PDF)

View 2015 Budget (PDF)

View Zoning (PDF)

View Declaration Libertyville Office (PDF)

View Declaration Pine Meadows (PDF)

View Declaration First Amendment (PDF)

View Declaration Second Amendment (PDF)

View Declaration Third Amendment (PDF)

View Declaration Fourth Amendment (PDF)

View Online Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1000 North Rohlwing Road, Addison, IL, 60101
THIS AUCTION IS CLOSED

Former Fuddruckers Restaurant

SOLD

Suggested Opening Bid: $960,000

Buyer's Premium: 5% 

Cooperating Broker's Commission: 2% 

2014 Taxes: $24,776.70

PIN #: 02-24-202-027

Lot Size: Approx. 4.39 acres

Building Size: Approx. 9,013 sf

Zoning:  B-2 Community Business District

Former Fuddruckers partially equipped on 4.4 acres (one is used for compensatory water storage) and adjacent to WalMart and Sam's Club at Route 53 and Lake Street (1/4 block south of Lake Street). Approx. 8,000 sf on 1st floor with full open same size lower level. 

Lake Street to Rohlwing Road, go south 1/4 mile to 1000/ east of Route 53.

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 101 North 30th Street, Escanaba, MI, 49829
THIS AUCTION IS CLOSED

Approx. 3 Acres Commercial Zoned Land with 1 Building & 5 Greenhouses; Currently a Flower and Garden Center

SOLD

Minimum Bid: $850,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

NOI $104,755.26

2015 Taxes:

PIN #: 051-420-2825-300-005

2015 Summer Tax: $2,448.30

2015 Winter Tax: $2,211.85

PIN #: 051-430-0000-135-100

2015 Summer Tax: $7.63

2015 Winter Tax: $4.16

PIN #: 051-420-2825-300-009

2015 Summer Tax: $1,201.86

2015 Winter Tax: $1,085.80

Zoning: Class F / Light Manufacturing

Situated on approx. 3 acres of commercial zoned land and located on one of the busiest corners in Michigan’s Upper Peninsula, this currently operating Flower & Garden Center has 5 greenhouses, a store, a nursery, a brick yard, a 50' x 120' pole building, and an income producing billboard.

Ideally located for retail use with 275’ of frontage on North 30th Street and 400’ of frontage on Ludington Street (U.S. 2 & 41), this property is on the North West corner of the intersection of Ludington Street and North 30th Street in Escanaba, Michigan. The property has 3 entrances and exits on First Avenue North. Traffic counts of 12,600 VPD.

This property is also located in close proximity to large retailers and other attractions, including: Menards, the new Meijer grocery store, Walmart, multiple hotels, the only movie theater in town, and the mall. As such, this is an excellent site for development that offers great commercial presence in the area.

Flinn's Flower & Garden Center has been operating since 1987 and offers annuals, perennials, trees, shrubs, sod, home decor, a full service floral department, pond supplies, lawn maintenance, landscape design an installation, snow plowing and removal, Christmas decorating, fresh wreaths and garland.

The seller is willing to remove the greenhouses at seller’s expense, should the purchaser prefer it.

Offered in Cooperation with SVN Property Investment Advisors, LLC, Michigan License # 6505337757; Robert James Pliska , Michigan License #6502337758

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS & LEASE: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS OR LEASE & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS OR LEASE

View Property Flyer (PDF)

View Demographic Statistics (PDF)

View Traffic Count (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 31100 Plymouth Road, Livonia, MI, 48150
THIS AUCTION IS CLOSED

Former AT& T Call Center in Livonia, Michigan

SOLD

Previously Valued To: $1,750,000

New Suggested Opening Bid: $600,000 (Reduced from $800,000)

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Building Size: Approx. 109,264 sf 

2014 Taxes: $64,854.23

PIN #: 103-99-0021-000

Zoning: C-2

Former call center building (AT&T) with approximately 109,264 SF on three floors, over 740′ frontage on Plymouth Road, loading dock, freight elevator, approx. 296 parking spaces on approximately 5 acres, parking ratio: 3.69, significant power, and telephone switching infrastructure/diesel generator.

Cooperating Broker Licensed in the State of Michigan: Friedman Integrated Real Estate Solutions License #6505228398; Steve Eisenshtadt License #6502139769

View Property Flyer (PDF)

View Site Plan (PDF)

View Upper Level Floor Plan (PDF)

View Mid Level Floor Plan (PDF)

View Lower Level Floor Plan (PDF)

View Main Switch Plan (PDF)

View Switch Gear Removal Plan (PDF)

View One Line Diagram Plan (PDF)

View Mechanical Notes (PDF)

View Environmental Phase I (ATT) (PDF)

View Title Commitment (PDF)

View Mortgage Modification Agreement (PDF)

View Tax Legal Discrepancy (PDF)

View Warranty Deed (PDF)

View 2014 Taxes (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

 

 

 

 

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Location: 2550 North 32nd Road, Marseilles, IL, 61341
THIS AUCTION IS CLOSED

Specialty Use: Prairie Lakes Country Club & Inn

SOLD

Previously Valued to: $1,000,000

Minimum Bid: $590,000

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Lot Size: Approx. 80

Prairie Lakes Country Club & Inn includes a public 9-hole golf course that is set amongst a beautiful landscape, a hotel with affordable rates and 12 completely renovated rooms, and a full service bar and restaurant for dining and a banquet facility for about 120 people.

*Golf carts are leased

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View Current Taxes (pdf)

View Online Auction Terms and Condtions (pdf)

View Purchase and Sale Agreement (pdf)

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Location: 1551-1555 West Irving Park Road, Hanover Park, IL, 60133
THIS AUCTION IS CLOSED

Bank Owned Two Retail Units in a Strip Center in Hanover Park

SOLD

Minimum Bid: $580,000

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

Lot Size: Approx. 34,321 sf

Building Size: Approx. 10,150 sf

Year Built: 1975

2014 Taxes: $81,334.14

PIN #: 07-30-301-009-0000

Zoning: B-2

One-story, masonry-constructed commercial building containing two units in a strip center with approx. 10,150 sf gross building area. The Chapala Food is occupied and the lease expires on 6/15/2019. The former Hong Kong Restaurant is vacant.

Located along the heavily trafficked Irving Park Road and shares a signalized intersection with Menard's across the street, and adjacent to Auto Zone to the west and Just Tires to the east. Very strong base of national retailers in direct proximity.

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

View Property Flyer (PDF)

View 2014 Taxes (PDF)

View Rent Roll (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 7249 Wheeler Drive, Orland Park, IL, 60462
THIS AUCTION IS CLOSED

Former Day Care Facility/School in Orland Park

SOLD

Previously Valued To: $849,000 

Suggested Opening Bid: $475,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Building Size: Approx. 6,750 sf

Lot Size: Approx. 61,000 sf

2013 Taxes: Owner is Tax Exempt

PIN #: 27-13-401-021-0000

Day care facility, full cooking kitchen, approx. 23 parking spaces. 

View Property Flyer (PDF)

View Floor Plan (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 3939 North Wilke, Arlington Heights, IL, 60004
THIS AUCTION IS CLOSED

Perfect for Owner-User: Office/Medical Building

SOLD

Previously Valued to: $850,000

Minimum Bid: $425,000

Cooperating Broker's Commission: 2% if presale; 1% if auction

Buyer's Premium: 5%

Lot Size: Approx. 1.32 Acres

Building Size: Approx. 13,578 sf

PIN #: 03-06-108-001-0000

2013 Taxes: $59,759

Each building in the business park is subject to an association called the Commerce Point Owners Association. The owner paid a total of $1,060 in dues in 2014.

Multi-tenant stand alone, single-story, fully sprinklered all brick building with pitched roof. Ideal user-owner building or a perfect fit for a medical office. Currently there are three suites, two suites that can easily be combined to 8,974 square feet. Building could be converted into a three tenant building if preferred. Property has great parking and excellent existing landscape. 

Fantastic location on the Northern end of Arlington Heights with quick easy access to I-53 via Dundee or Lake Cook Roads which provides a link to the Northwest Tollway (I-90) and the North-South Tollway (I-355). Close proximity to Woodfield Mall and other shopping, dining and entertainment offerings.

View Property Flyer (pdf)

View Terms of Sale (pdf)

View Multi-Tenant Existing Plan (pdf)

View Site Plan (pdf)

View Survey (pdf)

View HVAC Zones (pdf)

View Environmental Report: Part 1 (pdf)

View Environmental Report: Part 2 (pdf)

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Location: 975 Rohlwing Road, Rolling Meadows, IL, 60008
THIS AUCTION IS CLOSED

Industrial Flex Building

SOLD

Minimum Bid: $279,000

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Lot Size: Approx. 0.5 Acres

Building Size: Approx. 5,600 sf

Zoning: M-1

Grade Level Doors: 2

Meticulously maintained flex building located off of Route 53 & Northwest Highway in Rolling Meadows. The building features a fenced yard, newer roof and windows, adequate parking and an upscale office buildout. Includes 15 parking spaces. Located just a few blocks from the Route 53 Interchange, allowing for easy commutes and accessibility to Chicago, O'Hare and surrounding communities.

View Property Flyer (pdf)

View Terms of Sale (pdf)

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Location: 9662-9698 Franklin Avenue, Franklin Park, IL, 60131
THIS AUCTION IS CLOSED

Bank Owned Ground Floor Commercial Condo Units

SOLD

Previously Valued to: $359,000

Minimum Bid: $250,000

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

2013 Taxes: $30,799.32

PIN #: 12-28-206-034-0000

Building Size: Approx. 18,421 sf

Zoning: DT1

Entire ground floor commercial space condo units consisting of 11 commercial condo units in a building with 75 residential condo units above. 2 of the units are built out, 1 unit was a bank branch, another was a restaurant. The remaining units are unfinished raw space that can be configured as needed- perfect for restaurants, retail and/or office space!  The units are not legally separated. They would need separate PIN #'s created for each condo if they were to be sold individually. 

Past due condo association dues (approx. $40,000) will be paid by seller prior to closing. 
 
Built in 2005, the building is well located right next to a Metra train station and has ample street parking.

 

View 2013 Taxes (pdf)

View Condo Declaration Part 1 (pdf)

View Condo Declaration Part 2 (pdf)

View Condo Declaration Part 3 (pdf)

View Property Flyer (pdf)

View Cross Share Agreement (pdf)

View Terms of Sale (pdf)

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Location: 1016 Lunt Avenue, Schaumburg, IL, 60193
THIS AUCTION IS CLOSED

Flex Building in Schaumburg

SOLD

Minimum Bid: $250,000 

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2013 Taxes: $10,609.07

PIN #: 07-33-100-020

Class A Building

Lot Size: Approx. .35 Acres

Building Size: Approx. 5,885 sf

Zoning: M-1

Office/Flex building (80% office, 20% warehouse) set in Spectrum Industrial Park in Schaumburg. 5,885sf building with office consisting of 4,605sf of upgraded, Class A office build-out on 2 levels and 1,280sf warehouse with 16' ceilings, 2 drive-in-doors and one loading dock. 1,500sf of fenced in area is located behind the building as well as 10 additional parking spots. CAT 5 wiring throughout building as well as security system with cameras. Perfect for office showroom with some extra storage space needed. Ideal for technology company, architect, marketing firm, contractor, and a variety of other opportunities. 

Located in Spectrum Industrial Park, 1016 Lunt Ave, Schaumburg is a half mile from the Elgin O'Hare Expressway, with easy access to major highways. On the south side of town, this property is in the heart of the commercial district of the Northwest Suburbs. Schaumburg is located 28 miles from downtown Chicago.

View Property Flyer (PDF)

View 2013 Taxes (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1729 Hudson Road, Hillsdale, MI, 49242
THIS AUCTION IS CLOSED

Motel in Hillsdale, Michigan

SOLD

Previously Valued To: $525,000

Minimum Bid: $250,000

Buyer's Premium: 6%

Cooperating Commission: 2%

Lot Size: Approx. 3.25 acres

Motel: 25 Rooms

Pin # 30 11 002 200 025 02 7 3

2015 Winter Taxes: $4,639.34

2016 Summer Taxes: $1,706.82

Currently operating for special events. Fully furnished motel with a variety of  rooms: smoking and non-smoking rooms; king beds; queen bed; two double beds. Each room has an air conditioner, refrigerator, and cable TV. New heating boiler installed in November of 2015 and a new domestic water heater installed in February 2016.  Located on the property is a 20' x 30' pole barn for storage. 

Located 1 mile south of the Hillsdale City Limits; 4-minute drive from Hillsdale College; 12-minute drive from Highway 12.

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

Cooperating Broker Licensed in the State of Michigan: RE/MAX Preferred Realty, License #6505275985; Cathy Galloway, License #6502130587

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1030-1034 Prairie Street, Aurora, IL, 60506
THIS AUCTION IS CLOSED

Free Standing Commercial Building

SOLD

Previously Valued to: $345,000

Minimum Bid: $243,000

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

2013 Taxes: $8,358.00

PIN #: 15-29-226-011

PIN #: 15-29-226-012

Lot Size: Approx. 0.52 Acres

Building Size: Approx. 4,600 sf

Zoning: B1 Business District- Local Retail

Freestanding, vacant retail/office building on half acre corner property. Partial basement for storage, etc. Great street exposure and parking. Monument sign potential. Former neighborhood pharmacy. In a commercial section of a primarily residential area. Just east of Prisco's Fine Foods. Close to Aurora University and Aurora Country Club. Three platted lots create flexibility and opportunity to divide.

West side of Aurora IL. Just 0.4 mile from Aurora University. 0.6 mile east of Aurora Country Club. 0.7 mile south of Galena Blvd. 0.7 miles west of Rt 31. 0.9 mile east of Edgelawn Dr.

View 2013 Taxes (pdf)

View Property Flyer (pdf)

View Online Auction Terms & Conditions (pdf)

View Purchase & Sale Agreement (pdf)

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Location: 10335 Dearlove Road, Glenview, IL, 60025
THIS AUCTION IS CLOSED

Bank Owned Vacant Land

SOLD

Minimum Bid: $205,000

Cooperating Broker’s Commission: 2%

Buyer’s Premium: 5%

Zoned R-18, multifamily

Lot Size: 33,425 sf

This property has 100 ft of frontage on the east side of Dearlove Road. A specific condominium plan for this site was submitted in 2006 and approved by the village of Glenview. Multifamily with rental units were allowed by the village at that time.

This site could also be a parking lot for nearby retail uses. Utilities to site include natural gas, city water and sewer and electricity utilities are all available to the sites. Delivery is available along the street.

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View Terms of Sale (pdf)

View Survey (pdf)

View Site Data & Photos (pdf)

View Previously Approved Multi-Family Plan (pdf)

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Location: 19261-89 South Burnham Avenue, Lansing, IL, 60438
THIS AUCTION IS CLOSED

Ridge Brook Plaza: Bank Owned Strip Center

SOLD

Previously Valued to: $499,000

New Minimum Bid: $200,000 (Reduced from $300,000)

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

2013 Taxes: $57,930.62

PIN #: 33-05-315-022-0000

Building Size: Approx. 15,000 sf

Lot Size: Approx. 1.42 Acres

Zoning: B-2

The Ridge Brook Plaza is located at the intersection of Burnham Avenue and 193rd Street in Lansing, Illinois. The bank owned strip center is 15,000 square feet demised among 12 units. The property is 37.5% leased, leaving significant upside potential for an investor. Incredible value-add opportunity. Rental Income: $8,156.63/month

Great corner location with high exposure and a pylon sign. Located near I-80/94 in Chicago's south suburbs.

The property is centrally located in Lansing, Illinois, a southern suburb of Chicago. Located approximately 2 miles south of I-94, just east of the I-80/294 & I-94 interchange. Great corner location with high visibility.

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View Cash Flow Statement (pdf)

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View Property Flyer (pdf)

View Terms of Sale (pdf)

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Location: 104-106 Saint Charles Road, Lombard, IL, 60148
THIS AUCTION IS CLOSED

Retail Building in Downtown Lombard

SOLD

ON-SITE INSPECTION BY APPOINTMENT CONTACT JOHN GILLESPIE AT 630.514.7147 

Suggested Opening Bid: $200,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2014 Taxes: $7,765.22

PIN #: 06-08-103-010

Building Size: 3,700 SF

Lot Size: Approx. 0.15 Acres

Zoning: B-5; Central Business District

One story-low maintenance-block/frame store front in ideal location in the center of downtown Lombard. Approx.3,700 sf, includes 2 street front display rooms with full windows, 2 spacious back-up service rooms-1 handicap accessible bath-front and side entrance. Formerly an upholstery tenant, currently vacant. High traffic area. Potential for $3,300 per month rent.

Just across the street from the Lombard Metra station and commuter parking lots.

View Property Flyer (PDF)

View Online Auction Terms and Condition (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 3612 Lincoln Highway, Olympia Fields, IL, 60461
THIS AUCTION IS CLOSED

Office Building in Olympia Fields

SOLD

Suggested Opening Bid: $199,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Building Size: Approx. 18,000 SF

Lot Size: Approx. 50,477 SF

2014 Taxes: $71,038.94

Pin#: 31-23-102-026-0000

Zoning: B-3; Commercial Service District

2-story building with a mix of private offices and shared common areas, and parking for 25 vehicles.

Located at the northeast corner of Lincoln Highway and Evergreen Circle. I-57 can be accessed via Lincoln Highway and is 1.7 miles away. Metra Electric Line 211th Street Station is approximately .3 miles east of the subject property. Metra' s Electric line brings 39,000 commuters into and out of Millennium Station in Chicago' s Loop each week day.

**3 STEPS REQUIRED TO REVIEW PROPERTY INCOME AND EXPENSES, PHASE I, II ENVIRONMENTAL & LEASE AGREEMENTS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON INCOME AND EXPENSES OR PHASE I, II ENVIRONMENTAL OR LEASE AGREEMENTS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE INCOME AND EXPENSES OR PHASE I, II ENVIRONMENTAL OR LEASE AGREEMENTS

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 4658-62 West Maypole, Chicago, IL, 60644
THIS AUCTION IS CLOSED

BANK OWNED: 24 Unit Multi-Family Building

SOLD

Multiple Pre-Auction Bids Received. All Best and Final Pre-Auction Bids Due by Close of Business on June 10,2015.

Minimum Bid: $196,000 

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

2013 Taxes: $13,517.11

PIN #: 16-10-315-001-0000

24 Unit Building: 13 occupied

Leases Expire: 12/31/2015

Lot Size: Approx. 11,092 sf

Building Size: Approx. 10,000 sf

Zoning: M-1-2; Manufacturing District

24 unit, three-story, courtyard apartment building built in 1926. 24 apartments include twelve 1 bedroom, 1 bath units, approx. 600 sf each and twelve studio, 1 bath units, approx. 375 sf each. Basement contains mechanical equipment and storage for the building. The boiler is approx. 15 years old and the water heater is approx. 3 years old. Electric to the building is 200 amps with circuit breakers.

Located at the northeast corner of Kilpatrick and Maypole Avenue in the West Garfield Park neighborhood on Chicago’s west side.

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View Rent Roll (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 5900 South Archer Road, Summit, IL, 60501
THIS AUCTION IS CLOSED

PRICE REDUCTION: Office/Medical Office/Retail Building

SOLD

Previous Minimum Bid: $325,000

New Minimum Bid: $195,000

Cooperating Broker's Commission: 2% if presale; 1% if auction

Buyer's Premium: 5%

2012 Taxes: $42,393

Lot Size: Approx. 0.73 Acres

Building Size: 15,668 sf

PIN #: 18-3-100-013-0000

Building size is approx. 15,668 sf on approx. 0.73 acres. Currently vacant but potential owner-user opportunity. Ideal for office, medical office or retail. There is a 10' high drive in door- it leads into a garage area. There is currently no dock, but it could be built by the buyer.

28,000+ vehicles pass this property daily per IDOT. Fully air conditioned. Previous use was corporate office with light assembly. Potential for alternate uses. 

Located at the signalized intersection of W. 59th St and S. Archer Rd. 1.5 miles to I-55 interchange at First Ave.

View Property Flyer (pdf)

View Terms of Sale (pdf)

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Location: 2016-26 West 119th, Chicago, IL, 60643
THIS AUCTION IS CLOSED

BANK OWNED: Retail Strip Center

SOLD

Minimum Bid: $182,000 

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

2013 Taxes:

$18,492.96 PIN #: 25-19-414-018-0000

$  5,773.62 PIN #: 25-19-414-019-0000

Lot Size: Approx. 12,182 sf

Building Size: Approx. 4,653 sf

Zoning: B3-1; Community Shopping District

One story, multi-tenant; masonry constructed retail strip center. 

Located on the northeast corner of West 119th Street and South Vincennes in the Morgan Park neighborhood on Chicago’s south side bordering the south suburb of Blue Island. 

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Location: SEC Noble Parkway & W. Roberts Road, Port Barrington, IL, 60010
THIS AUCTION IS CLOSED

Bank Owned Commercial Vacant Lot

SOLD

Previously Valued to: $425,000

New Minimum Bid: $170,000 (Reduced from $212,500)

Cooperating Broker's Commission: 2%

Buyer's Premium: The Greater of 5% or $2,500

2013 Taxes: $8,224.46

PIN #: 09-33-116-001-0000

Lot Size: Approx. 5.35 Acres

Zoning: B-G

The vacant land is located at the southeastern corner of W. Roberts Road and Noble Parkway, approx. 155 ft North of the W. Roberts Road and Rawson Bridge Road intersection. It is rectangular in shape and located in a BG, General Business Zoning District.

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Location: 1510-1514 West Garfield Blvd, Chicago, IL, 60609
THIS AUCTION IS CLOSED

Multi Family Building - 29 Units

SOLD

Minimum Bid: $150,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Units: 29 SRO

Lot Size: Approx. 3,209 sf

2014 Taxes:

$3,789.47 PIN #:20-08-317-041-0000

$3,789.47 PIN #:20-08-317-042-0000

Zoning: R-2

Three story, 29 unit SRO building.

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Location: 1604 Colonial Parkway, Inverness, IL, 60067
THIS AUCTION IS CLOSED

Williamsburg Village Professional Office Building on Colonial Parkway in Inverness

SOLD

Previously Valued To: $619,200

Suggested Opening Bid: $140,000

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

Built: 1986

Building Size: Approx. 7,740 sf

First Floor: Approx. 2,580 sf

Second Floor: Approx. 2,580 sf

Lower Floor: Approx. 2,580 sf

Zoning: B1

2013 Taxes: $13,935.04

PIN #: 02-28-301-068-1031

This two story brick building has approx. 7,740 sf (approx. 2,580 sf per floor with a 1st floor, 2nd floor, and lower level). It features custom interior finishes, open office space, a conference room, private offices, and kitchen/break room.

Formerly occupied by a bank, this property is located within Williamsburg Village Professional Office Complex. It offers excellent signage at Roselle and Euclid roads at a signaled intersection and high traffic counts: 40,000+ vehicles per day.

Inverness, Illinois is home to Williamsburg Village, an office complex primarily comprised of various professional services. It is the only business park located in Inverness. Its unique style, natural beauty and convenient location make it an asset to the community. The individual colonial style buildings, as well as its scenic ponds and bridges, make it look and feel less like a commercial development.

Inverness is an affluent village bordered by Barrington, Schaumburg, Palatine and Hoffman Estates. Inverness ranks 63rd on the list of highest-income places in the United States, with nearby North Barrington, South Barrington, and Barrington Hills also making the list. As of the census of 2000, there were 6,749 people within the village and the median income for a household was $141,672. 

Located on Colonial Parkway at the intersection of Roselle & Euclid with easy access to I-90; Across the street from Harper College and directly in front of you when you turn into Williamsburg Village.

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Location: 701 East 79th, Chicago, IL, 60619
THIS AUCTION IS CLOSED

BANK OWNED: Mixed Use

SOLD

Minimum Bid: $123,480

Buyer's Premium: 5% 

Cooperating Broker's Commission: 2% 

2013 Taxes: $16,007

PIN #: 20-34-206-001-0000

Lot Size: Approx. 7,159 sf

Building Size: Approx. 6,000 sf

Zoning: B3-2, General Retail District

Two-story mixed-use building; three stores and seven apartments: One 2 bedroom, 1 bath, approx. 1,100 sf; Four 1 bedroom, 1 bath, approx. 800 sf; One 1 bedroom, 1 bath, approx. 575 sf and One 1 bedroom, 1 bath, approx. 540 sf. The barber college is on a month to month; proof of rent payment available upon request.

Located on the south east corner of 79th Street and Langley Avenue in the Chatham neighborhood in the south side of the city.

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Location: 19-21 South Broadway Avenue, Aurora, IL, 60507
THIS AUCTION IS CLOSED

Retail/Office Building in Downtown Aurora

SOLD 

Suggested Opening Bid: $110,000

Buyer's Premium: 5% 

Cooperating Broker's Commission: 2%

2014 Taxes: $6,002.82

PIN #: 15-22-336-010

Lot Size: Approx. 6,723 sf

Building Size: Approx. 8,135 sf

Zoning: DC - Downtown Core District

This property consists of a part one story and part two-story and partial basement, masonry constructed, retail/office building. containing approx. 8,135 SF and approx. 6,100 rentable SF. The building is suitable for two tenants. The southern unit is approx. 1,100 SF on the first floor with an open sales area, small rear office and storage area, and powder room. The northern unit is approx. 5000 SF; the ground floor is approx. 4000 SF which contains open and private offices, a conference room, men's and women's washrooms and adequate storage space. The basement has another men's and women's washroom and shower area as well as additional office/meeting and storage space.

The property is zoned DC, Downtown Core District, by the City of Aurora, Illinois. This classification permits a wide variety of retail, office/professional, public and semipublic, residential, amusements, and other uses. There are no restrictions or regulations regarding lot size, ground-floor area, lot coverage, floor-area ratio or building height. Existing buildings/uses are allowed with new developments considered on a case-by-case basis. The property is not located in a flood hazard or wetlands area, and no easements or prior restrictions exist which would have a negative effect on its potential utility. Based on an analysis of these criteria, it is legally permissible to construct the foregoing types of improvements on this property, subject to the normal approval process. 

Located in downtown Aurora on the westside of S. Broadway Avenue, adjacent to city hall & blocks from Casino.

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Location: 1133 South Wabash Avenue #C2, Chicago, IL, 60605
THIS AUCTION IS CLOSED

Bank Owned Street Level Office Condo

SOLD

Previously Valued to: $169,000

Minimum Bid: $100,000

Cooperating Broker's Commission: 2%

Buyer's Premium: The greater of 5% or $2,500

2012 Taxes: $9,188

Unit Size: Approx. 1,450 sf

High visibility, street level storefront for retail or office use. 1450 sq ft, great location near major residential developments, businesses & transportation.

Currently Leased ($2,760/mo.); Lease Exp. July 31, 2015. Tenant has an option to renew for another 5 years

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Location: 7654 South Colfax Avenue, Chicago, IL, 60649
THIS AUCTION IS CLOSED

Triplex

SOLD

We procured multiple pre-auction bids for well above the reserve price for this property and the seller chose to withdraw it from the auction. 

If you would like to place a back-up bid on this property, please contact us at 312.756.7333.

Previously Valued to: $2,999,000

Minimum Bid: $60,000

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Building: 3,660 sf

Total Bedrooms per unit: 3

Total Bathrooms per unit: 2

Stand alone triplex building in partially raw condition. Built in 2008, this 3-unit investment property includes 2 off street parking spots per unit, iron porch/deck system and attractive curb appeal. All units are 3 bedroom, 2 bathroom approx. 1,211 sf per unit. Each unit is separately metered. 

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Location: 20 West Jackson Street, Joliet, IL, 60432
THIS AUCTION IS CLOSED

Bank Owned Mixed Use

SOLD

Minimum Bid: $60,000

Cooperating Broker's Commission: 2%

Buyer's Premium: The Greater of 5% or $2,500

Building Size: 4,181 sf

Total Number of Units: 2

PIN #'s: 30-07-09-422-021-0010 and 30-07-09-422-021-0020

Potential use for this building include offices, restaurants or apartments. Additional lot for parking up to 29 vehicles.

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Location: 7941 South Ingleside, Chicago, IL, 60628
THIS AUCTION IS CLOSED

BANK OWNED: 6 Unit Multi-Family Building

SOLD

Multiple Pre-Auction Bids Received. All Best and Final Pre-Auction Bids Due by Close of Business on June 10, 2015.

Minimum Bid: $56,700 

Buyer's Premium: The Greater of 5% or $2,500 

Cooperating Broker's Commission: The Greater of 2% or $500 

2013 Taxes: $7,326.98

PIN #: 20-35-103-015-0000

Lot Size: Approx. 6,250 sf

Zoning: RS-3; Residential Single Unit District

6 unit, three-story brick. 6 apartments include three 2 bedroom, 1 bath units, approx. 1,000 sf each and three, 1 bedroom, 1 bath units, approx. 1,000 sf each. Basement contains mechanical equipment.

The property is located in the Chatham community of Chicago.

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Location: 5519 West North Avenue, Chicago, IL, 60639
THIS AUCTION IS CLOSED

BANK OWNED: 3 Unit Mixed Use Building

SOLD

Multiple Pre-Auction Bids Received. All Best and Final Pre-Auction Bids Due by Close of Business on June 10,2015.

Minimum Bid: $50,400

Buyer's Premium: The Greater of 5% or $2,500

Cooperating Broker's Commission: The Greater of 2% or $500

2013 Taxes: $3,539.66

PIN #: 16-04-101-005-0000

Lot Size: Approx. 3,125 sf

Zoning: B3-1; Commercial Shopping District

3 unit mixed use building with one commercial unit on the 1st floor; two 1 bedroom, 1 bath apartment units, approx. 750 sf each, on the 2nd floor; and a full basement. The commercial unit and one apartment are vacant. The other apartment (unit 1 A front) is occupied; eviction process is already underway.

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Location: 2246-56 East 73rd Street, Chicago, IL, 60649
THIS AUCTION IS CLOSED

BANK OWNED: Multi-Tenant Commercial Building

SOLD

Multiple Pre-Auction Bids Received. All Best and Final Pre-Auction Bids Due by Close of Business on June 10,2015.

Minimum Bid: $49,700

Buyer's Premium: The Greater of 5% or $2,500

Cooperating Broker's Commission: The Greater of 2% or $500

2013 Taxes: $11,401.38

PIN #: 20-25-211-023-0000

Lot Size: Approx. 9,096 sf

Building Size: Approx. 5,000 sf

Zoning: B1-1

The property is approximately 5000 sq ft of commercial space which consists of (3) 1-story store/office fronts. The units are all vacant.

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Location: 2942 N. Elston Avenue, Chicago, IL, 60618
THIS AUCTION IS CLOSED

Two-Flat

SOLD

Suggested Opening Bid: $20,000

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Zoned C1-1

Brick foundation and construction with some vinyl siding overlaid. First floor unit includes 2 bedrooms, a study, kitchen, pantry, dining room, living room and 1 bathroom. Second floor unit includes 1 bedroom, a study, kitchen, pantry, living room and 1 bathroom. Detached two-car garage. Multiple upgrades throughout the years: hot water tank, electrical circuit breaker, carpeting and tile floors. Purchaser to pay back taxes, liens and all closing costs. First floor unit is rented month to month ($700/month).

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Location: Sheridan Road, Kenosha, WI, 53143
THIS AUCTION IS CLOSED

Commercial Vacant Land in Kenosha, Wisconsin

SOLD

Suggested Opening Bid: $20,000

Buyer's Premium: The Greater of 6% or $2,500

Cooperating Broker's Commission: The Greater of 2% or $1,500

Lot Size: Approx. 0.76 Acres

2014 Taxes: $3,701.78

PIN #:06-123-07-286-011

Zoning: B-2; Community Business District

Approximately .76 Acres vacant land, located next to the Dollar General on Sheridan Road. Cross easements in effect with the adjacent strip center.

Cooperating Broker Licensed in the State of Wisconsin: Berkshire Hathaway Epic Real Estate License #936963-91; Steve Bostrum License #57112-90.

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Location: 7650 South Colfax Avenue, Chicago, IL, 60649
THIS AUCTION IS CLOSED

Triplex

SOLD

Minimum Bid: $125,000

Cooperating Broker´s Commission: 2%

Buyer´s Premium: 5%

Building: 3,660 sf

Total Number of Bedrooms per Unit: 3

Total Number of Bathrooms per Unit: 2

Stand alone triplex building. Built in 2008, this 3-unit investment property includes 2 off street parking spots per unit, iron porch/deck system and attractive curb appeal. All units are 3 bedroom, 2 bathroom, approx. 1,211 sf per unit. Each unit is metered separately. 

Unit 1: Currently Leased ($800/mo.); Lease Exp. August 2014

Unit 2: Currently Leased ($1,100/mo.); Lease Exp. October 2014

Unit 3: Currently Leased ($987/mo.); Month to Month

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Location: 7652 South Colfax Avenue, Chicago, IL, 60649
THIS AUCTION IS CLOSED

Triplex

SOLD

Minimum Bid: $125,000

Cooperating Broker´s Commission: 2%

Buyer´s Premium: 5%

Building: 3,660 sf

Total Number of Bedrooms per Unit: 3

Total Number of Bathrooms per Unit: 2

Stand alone triplex building. Built in 2008, this 3-unit investment property includes 2 off street parking spots per unit, iron porch/deck system and attractive curb appeal. All units are 3 bedroom, 2 bathroom, approx. 1,211 sf per unit. Each unit is metered separately. 

Unit 1: Currently Leased ($1,030/mo.); Lease Exp. January 2015

Unit 2: Currently Leased ($1,025/mo.); Lease Exp. November 2014

Unit 3: Currently Leased ($950/mo.); Month to Month

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Location: 7656 South Colfax Avenue, Chicago, IL, 60649
THIS AUCTION IS CLOSED

Triplex

SOLD

Minimum Bid: $125,000

Cooperating Broker´s Commission: 2%

Buyer´s Premium: 5%

Building: 3,660 sf

Total Number of Bedrooms per Unit: 3

Total Number of Bathrooms per Unit: 2

Stand alone triplex building. Built in 2008, this 3-unit investment property includes 2 off street parking spots per unit, iron porch/deck system and attractive curb appeal. All units are 3 bedroom, 2 bathroom, approx. 1,211 sf per unit. Each unit is metered separately. 

Unit 1: Currently Leased ($1,071/mo.); Lease Exp. November 2014

Unit 2: Currently Leased ($1,090/mo.); Lease Exp. January 2015

Unit 3: Currently Leased ($833/mo.); Month to Month

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Location: 8036 South Kingston, Chicago, IL, 60649
THIS AUCTION IS CLOSED

Triplex

SOLD

Minimum Bid: $125,000

Cooperating Broker´s Commission: 2%

Buyer´s Premium: 5%

Building: 3,660 sf

Total Number of Bedrooms per Unit: 3

Total Number of Bathrooms per Unit: 2

Stand alone triplex building. Built in 2008, this 3-unit investment property includes 2 off street parking spots per unit, iron porch/deck system and attractive curb appeal. All units are 3 bedroom, 2 bathroom, approx. 1,211 sf per unit. Each unit is metered separately. 

Unit 1: Currently Leased ($923/mo.); Lease Exp. January 2015

Unit 2: Currently Leased ($1,000/mo.); Month to Month

Unit 3: Currently Leased ($1,135/mo.); Lease Exp. December 2014

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Location: 12948 South Avenue O, Chicago, IL, 60617
THIS AUCTION IS CLOSED

ABSOLUTE AUCTION: Bank Owned Vacant Land (Wetlands)

SOLD

This Property is Being Sold Absolute, to the Highest Bidder, Regardless of Price

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Lot Size: Approx. 3.88 Acres

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Location: 320-330 West North Street, Manhattan, IL, 60442
THIS AUCTION IS CLOSED

ABSOLUTE AUCTION: Bank Owned Retail Development

SOLD

This Property is Being Sold Absolute, to the Highest Bidder, Regardless of Price

Cooperating Broker's Commission: 2%

Buyer's Premium: 5%

Building Size: Approx. 6,536 sf

The property consists of units C, D & F in the Crescenzo Commons retail development (12,622 square foot retail building constructed in 2002). Units C and D (adjoining units) contain an aggregate area of approx. 6,536 sf that was previously occupied by a bar and grill but is currently vacant. Unit F is a 192 sf common area at the main entrance of the building.

PIN #'s:

(Unit C) 14-12-17-312-002-1003 (2013 Taxes: $3,970.80)

(Unit D) 14-12-17-312-002-1004 (2013 Taxes: $8,934.30)

(Unit F)  14-12-17-312-002-1006 (2013 Taxes: $625.40)

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View Units C and F Deed (pdf)

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Location: 14243-14249 South Pulaski Road, Crestwood, IL, 60445
THIS AUCTION IS CLOSED

ABSOLUTE AUCTION: Bank Owned Vacant Commercial Lot

SOLD

Previously Valued to: $79,000

This Property is Being Sold Absolute, to the Highest Bidder, Regardless of Price

Cooperating Broker's Commission: The Greater of 2% or $1,500

Buyer's Premium: $2,500

2013 Taxes: $679.45

PIN #: 28-02-319-007-0000

Lot Size: Approx. 35,000 sf

Zoning: Commercial

Prime lot on Pulaski Road. Perfect for development or investment. The land is part of 3 parcel piece on busy corner.

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