Retail
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Strip Center with Vacant Former Grocery in Melrose Park Retail Submarket New Minimum Bid/Published Reserve Price: $1,900,000 (Reduced from $2,000,000) Buyer's Premium: 6% Cooperating Broker's Commission: 2% Year Built: 2000 Lot Size: Approx. 2.03 Acres / 88,859 SF Entire Center: Approx. 28,858 SF Parking: Approx. 60 Cars; 2.01/1,000 PIN #s: 15-10-316-042-1001; 15-10-316-042-1002; 15-10-316-042-1003 (PIN#s 1002/1003 have the 7c tax incentive;615-625) Zoning: B1(Retail/Office) Traffic Counts: 23,800 VPD (25th Avenue); 12,100 VPD (Washington Blvd.) This newly remodeled strip center has 4 retail units consisting of an approximately 15,757 sf, vacant former Save-A-Lot grocery store (unit 625); an approximately 9,373 sf store leased to Beauty Gallery (unit 601); an approximately 1,999 sf store leased to Chicago Trading (unit 617); and an approximately 1,729 sf, vacant retail store adjacent to the former grocery store (unit 615). Located in Bellwood, Illinois at the corner of 25th Avenue and Washington Blvd. in the Melrose Park Retail Submarket. **3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT |
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Melrose Park Strip Center in Melrose Park, IL Minimum Bid/Published Reserve Price: $999,000 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 2019 Taxes: $44,538.16 PIN #: 12-29-311-021-0000 Zoning: C-4; General Commercial District Traffic Count: 29,600 VPD NOI: $95,000 Cap Rate: 9.5% This well located strip center with six (6) retail units is in a high traffic location and has an attractive NOI of $95,000. This property has long term tenants and a stable rental history. Even during COVID-19, all tenant rents have been current. Four (4) of the six (6) tenants have recently renewed their leases. Lease expirations range from 2022-2028. Two (2) of the tenants have gaming licenses, which provides added value for stability. This property also features a new parking lot (2019). All roof and mechanicals have been routinely maintained and/or updated in the last five (5) years. 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 OFTHE TENANTS; ALL PROPERTY INQUIRES MUST BE PRESENTED TO AUCTIONWORKS **3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT
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100% Leased Rock Point Mall in Rockford, IL Minimum Bid/Published Reserve Price: $549,000 Buyer's Premium: 6% ($40,000 minimum applies) Cooperating Broker Commission: 2% Lot Size: Approx. 1.02 Acres Building Size: Approx. 6,174 SF; 6 Units (North Building) Approx. 5,166 SF; 4 Units (South Building) Year Built: 2001 Ceiling Height: 12' Electrical: 200 AMPS Parking Spaces: Approx. 91 2018 Taxes: $20,976.20 PIN #: 15-01-228-029 Zoning: C-2; Limited Commercial District NOI: $57,688.17 (2019) Traffic Count: 9,000 VPD This fully leased and stabilized strip mall is being offered at an approximate 9.6% cap rate. All tenants are current and leases are in place. This property consist of two buildings with a total of 11 units. It has had annual roof and mechanical maintenance. A recent roof inspection was performed in 2019 and found to have no structural issues were found at that time. The parking lot was also sealed and re-striped this past year. The property was also surveyed within the last 8 years and passed a Phase I survey for the lender. The seller is retiring and seeking to liquidate assets. This property is a turn key investment opportunity for an investor with an attractive 9.6% cap rate. This is a unique great opportunity for an investor looking for a safe and stable investment property. Pre-auction offers are highly encouraged! ***DO NOT DISTURB THE TENANTS*** **3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT
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Incredible Re-Development Opportunity in Mundelein, IL Suggested Opening Bid: $195,000 Buyer's Premium: 6% Cooperating Broker's Commission: 2% Lot Size: Approx. .6 Acres Building Size: Approx. 2986.5 SF Manual Bays: 6 2018 Taxes: $5,942.72 PIN #: 1130100021 Zoning: C5 MU; TIF 2 District New to the market! Approximately .6 acres (24,829 sf) of land. The existing building is approx. 2986.5 sf. Currently there is a vacant, 6 bay car wash on this property. It is located in downtown Mundelein in a high traffic location. Currently zoned C5 MU;(downtown mixed use district) and is in a TIF 2 District (adopted in 2016). Many other commercial businesses surround this property, including a McDonalds (across the street) and other restaurants, dry-cleaners and gas stations. The property is fully improved and features heavy power. There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops etc. View Terms and Conditions (PDF) View Purchase and Sale Agreement (PDF)
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Former Auto Parts Store in Brookfield, IL Minimum Bid: $185,000 Buyer's Premium: 6% ($40,000 minimum applies) Cooperating Broker's Commission: 2% Lot Size: Approx. 10,000 SF Building Size: Approx. 6,000 SF Built: 1960 Ceiling Height: 10' Drive In Door: One (9’ x 15') 2018 Taxes: $35,395.86 PIN #: 18-03-216-064 $2,698.01 PIN #: 18-03-216-004 Zoning: C-1; General Commercial District 2019 Traffic Count: 24,600 VPD This former auto parts store is an approximately 6,000 sf retail building with great Ogden Avenue exposure and frontage of approximately 75’. Zoned C-1 (General Commercial District), this property has two lots that are approximately 7,500 sf and 2,500 sf respectively. The building features 10’ ceiling heights, an open floor plan with unlimited design/layout potential, three (3) HVAC RTU’s, 400 AMP phase 3 power, three restrooms, and an oversized drive in door (9’ x 15’) located off of the rear alley. There is parking for six (6) cars on the right side of the building. The roof was replaced 5 years ago.
This property is conveniently located 0.5 miles to Congress Park Station Commuter Rail (Burlington Northern-Santa Fe Railway Line); 0.6 miles to Brookfield Station Commuter Rail (Burlington Northern-Santa Fe Railway Line); 6.4 miles from Chicago Midway International Airport; and 14.6 miles from Chicago O’Hare International Airport.
**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT
Brookfield paves way for local cannabis sales Brookfield trustees OK daycare for Ogden Avenue View Table of Allowed Uses (PDF) View Terms and Conditions (PDF) View Purchase and Sale Agreement (PDF)
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9600 North Milwaukee Avenue Retail Property in Niles UNDER CONTRACT Suggested Opening Bid: $599,000 Buyer's Premium: 6% Cooperating Broker's Commission: 2% Lot Size: Total Approx. 21,462 SF; Approx. 9,202 SF (9604 N Milwaukee) & 12,260 SF (9600 N Milwaukee) Building Sizes: Two Buildings with Approx. 1,856 SF (9604 N Milwaukee) & 1,625 SF (9600 N Milwaukee) 2019 Taxes: Approx. $23,081.39
PIN #: 09-11-303-013-0000 (9600 N Milwaukee)
2019 Taxes: Approx. $16,244.19 PIN #: 09-11-303-012-0000 (9604 N Milwaukee)
Zoning: C-2 Traffic Count: Approx. 35,900 VPD Incredible retail-zoned corner location now available for pre-auction offers. $599,000 is the suggested opening bid for the online auction, not an asking price; the reserve price is higher. This is an ideal corner location with multiple vehicle entry points and a traffic count average of 35,900 VPD located at the intersection of Golf and Milwaukee in Niles. These two buildings are available as a package sale. There is a separate PIN number for each building and land parcel. Total land is approximately ½ acre. There are 29 parking spaces total with room for more. The buildings prior uses have been retail and restaurant/bar. Numerous opportunities exist for owner/occupier or for investor to lease out to tenants. This Golf Mill corner is undergoing major revitalization. It is an ideal location for retail with many new nearby retail uses under construction and opening soon. PROPERTY HIGHLIGHTS TRANSPORTATION HIGHLIGHTS Please refer to the Zoning Ordinance for details on permitted uses. If any questions contact Zoning Department at the Village of Niles at 847-588-8075. 8.1 - GENERAL USE PERMISSIONS **3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT View Terms and Conditions (PDF) View Purchase and Sale Agreement (PDF)
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Former Grocery Store in Freeport, IL Minimum Bid/Published Reserve Price: $75,000
Buyer's Premium: 6% ($20,000 minimum applies)
Cooperating Broker's Commission: 2%
Built: 1980
Lot Size: Approx. 2.49 Acres
Building Size: Approx. 28,930 SF
Parking Spaces: Approx. 114 (including 5 Handicap)
2018 Taxes: $7,860
PIN #: 18-13-36-128-001
Zoning: B1-1; Restricted Retail Business District
Traffic Count: 12,600 VPD (W. Galena Ave.); 900 VPD (Crestwood Dr.)
This vacant, one story, former grocery store building is approximately 28,930 sf and has two loading docks. Set on an approximately 2.49 acre parcel, this property is well located with a stop light entrance and great visibility from a main thoroughfare.
**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT
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Fair Haven Bowl in Mundelein, IL FOR SALE/NOT AUCTION Asking Price: $899,000 Cooperating Broker's Commission: 2% Lot Size: Approx. 1.64 Acres Building Size: Approx. 22,000 SF Cap Rate: 13.64% NOI: $122,600 2016 Taxes: $26,289 PIN #: 11-19-402-018-0000 Zoning: C-5-C Downtown Corridor This currently operating 24 lane bowling alley features a kitchen, bar, and gaming room that produces income. Known as the Fair Haven Bowl, it regularly hosts many adult and school bowling leagues. The property also has a very profitable electronic gaming room that collects lease payments. A new roof was installed in 1992 when the current owner bought the building and it has been regularly maintained. Located in Mundelein, East of N. Lake Street and West of Butterfield Rd. and immediately south of W. Maple Ave (Rt 176). The property is situated on the south side of Hawley Street. **3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT |
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Free Standing Retail Building on East 103rd in Chicago This property is part of a 6 property portfolio including 27045 W. Grass Lake Road, Antioch, IL 60002; 6341 W. Belmont Avenue, Chicago, IL 60634; 2601 S. River Road, McHenry, IL 60051; 109-119 W. Grand Avenue, Melrose Park, IL 60164; 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: $377,693 Buyer's Premium: 6% Cooperating Broker's Commission: 2% Lot Size: Approx. 6,000 SF Building Size: 3,000 SF Leased: 100% 2017 Taxes: $13,049.59 PIN #: 25-10-413-029-0000; 030 Zoning: B3-1 NOI: $29,040 Single tenant retail building with strong rental history; leased through 2022. ABSOLUTELY NO SOLICITATION OF THE TENANTS; ALL PROPERTY INQUIRES MUST BE PRESENTED TO AUCTIONWORKS |
