School/Daycare Facility


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Location: 6928 16th Street, Berwyn, IL, 60402
UPCOMING AUCTION  Wed, December 12 - Fri, December 14

Suggested Opening Bid: $499,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Lot Size: Approx. 0.17 Acres

Building Size: Approx. 4,245 SF

2017 Taxes: $26,499.05

PIN #: 16-19-304-042-0000

Zoning: C-1

Cap Rate: 18.32%

NOI: $91,434

This approximately 4,245 SF building currently being utilized for a day care business is set on a .17 acre parcel. The daycare is fully operational and licensed for 54 children plus an additional 9 after school. The daycare spaces boasts a play area, crib area, kitchen, office, bathroom, and outside play area. There was a brand new security system installed within the last year which covers all rooms with audio and video recording. The current owner has been operating this daycare in this location for 26 years and purchased the existing daycare building in 1993. The business is profitable with NOI increasing 72% year-over-year from 2015 to 2016. This sale includes both the business and the real estate.

PROPERTY HIGHLIGHTS
• Business and Real Estate For Sale
• Fully operational daycare licensed for 54+ children
• Approx. 4,245 SF building located on the corner of 16th and Clinton Ave
• Includes outdoor play area
• Owner willing to stay on for one month to ease transition

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View Purchase and Sale Agreement (PDF)

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Location: 1034 South 18th Street, Manitowoc, WI, 54220
THIS AUCTION IS CLOSED

Approx. 26,196 SF Office Building in Manitowoc, Wisconsin

Suggested Opening Bid: $50,000

Buyer's Premium: The Greater of 10% or $2,500

Cooperating Broker's Commission: 2%

Lot Size: 1.62 Acres

Building Size: 26,196 SF

2016 Taxes: $14,448.76

PIN #: 000262220

Zoning: B-1; Business (includes churches & private schools)

Previously occupied by the Empire Beauty School, this approximately 26,196 sf building is situated on approximately 1.62 acres. Beauty school equipment and fixtures are still on site and belong to the owner. The building features large classrooms with tall ceilings on 3 floors, many offices, an ADA compliant restroom on the first floor, a customer entrance, and lower level locker rooms. Other features include a newer boiler and updated HVAC system, slate tile and membrane roof, and newer Thermopane windows throughout, most with window treatments included. The exterior of the building is brick and stone with approximately 82 parking spaces on a large paved area.

Located on South 18th Street, between Washington Street (North) and Marshall Street (South parking and entry is on South 19th Street).

Offered in cooperation with Wisconsin Real Estate License #49635-90

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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