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HOW TO SUBMIT A PRE-AUCTION BID
Click on the Pre-Auction Offer Form link in the upper right hand corner of our website and submit your bid with proof of funds.
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HOW TO REGISTER & BID ONLINE
Register: If you do not have an account on this website, click the “Register” button above and complete the brief registration form. We will then send you an email with a verification link that you must click in order to create a new account.
Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:
BID APPROVAL PROCESS:
- Review all information and due diligence documents posted on the property listing on our website.
- Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
- Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).
- Click the "Get Approved to Bid" button.
- You will receive an email notifying you that you have been approved to bid on the property.
If you have any questions, contact us. We would be happy to assist you.
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The wiring instructions are now available for download using this link: Wiring Instructions.pdf.
Six (6) Retail Units on Grand Avenue in Melrose Park, IL
Bidding is not allowed on this item at the moment.
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ASK ABOUT THIS ITEM
This property is part of a 6 property portfolio including 27045 W. Grass Lake Road, Antioch, IL 60002; 400 & 406 East 103rd Street, Chicago, IL 60628; 6341 W. Belmont Avenue, Chicago, IL 60634; 2601 S. River Road, McHenry, IL 60051; 2410 W. Washington Street, Waukegan, IL 60085. Make a pre-auction offer on all 6 properties as a package or on any individually.
Minimum Bid/Published Reserve Price: $1,005,978
Buyer's Premium: 6%
Cooperating Broker's Commission: 2%
Lot Size: Approx. .4616 Acres
Building Size: Approx. 6,950 SF
Parking Ratio: 5.34/1,000 SF
Leased: 100%
2017 Taxes: $43,908.77
PIN #: 12-29-311-021-0000
Zoning: C-4; General Commercial District
Traffic Count: 29,600 VPD
NOI: $80,478
Six (6) retail units on a high traffic location. Leases ranging from 2019-2028 with long term stable tenant history.
Melrose Park is located approximately 15 miles northwest of downtown Chicago. The property is accessible via I-294 at the West Lake Street Exit, 2.6 miles south of the subject property. O' Hare International Airport is located just 10 minutes from the property.
ABSOLUTELY NO SOLICITATION TO THE TENANTS; ALL PROPERTY INQUIRES MUST BE PRESENTED TO AUCTIONWORKS
View Terms and Conditions (PDF)
View Purchase and Sale Agreement (PDF)
