Sold Retail


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Location: 1600 East Algonquin Road, Algonquin, IL, 60102
THIS AUCTION IS CLOSED

Bank Owned Commercial Building (Retail/Office/Warehouse)

SOLD

FOR SALE/NOT AUCTION

Previously Valued to: $1,600,000

New Asking Price: $1,000,000 (Reduced from $1,100,000)

Cooperating Broker's Commission: 2%

2015 Taxes: $53,850.34

PIN #: 19-35-326-054

Lot Size: Approx. 2.65 Acres

Building Size: Approx. 30,454 sf

Zoning: B-2

Approx. 30,454 sf building on approx. 2.65 acres of land. 2 loading docks, large warehouse area approx. 2,500 sf, and showroom approx. 27,954 sf. Abundant parking. High traffic count: 36,800 VPD.

Located at the northeast corner of Algonquin Road (IL- 62) and Ryan Parkway, about halfway between downtown Algonquin and Route 25. Strong visibility from either direction on Algonquin Road.

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

View Property Flyer (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: 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)

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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)

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View Purchase & Sale Agreement (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: 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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View Purchase and Sale Agreement (PDF)

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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.

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: 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.

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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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)

View Property Flyer (pdf)

View Terms of Sale (pdf)

View Condo Declaration (pdf)

View Environmental Report (pdf)

View Survey (pdf)

View 2013 Taxes (pdf)

View Unit D Deed (pdf)

View Units C and F Deed (pdf)

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