Retail


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Location: 109-119 W. Grand Avenue, Melrose Park, IL, 60164
UPCOMING AUCTION  Bidding period to be scheduled

Six (6) Retail Units on Grand Avenue in Melrose Park, IL

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 OFTHE TENANTS; ALL PROPERTY INQUIRES MUST BE PRESENTED TO AUCTIONWORKS

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 711 East Hawley Street, Mundelein, IL, 60060
UPCOMING AUCTION  Bidding period to be scheduled

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 

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

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Location: 270-296 Cary Algonquin Road, Cary, IL, 60013
UPCOMING AUCTION  Bidding period to be scheduled

Cary Oaks Plaza in Cary, IL

CONTRACT PENDING

Suggested Opening Bid: $699,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Built: 1994

Lot Size: Approx. .87 Acres

Building Size: Approx. 8,500 SF

Units: 6

Occupied: 25%

2017 Taxes: $23,754.12

PIN #: 19-14-428-006

Zoning: B4

This retail shopping center is approximately 8,500 sf and has 6 individual units. A value add opportunity for an investor, this center currently has 2 units that are leased. A 7-11 convenience store is the anchor tenant and the other tenant is a dry cleaning business. Both tenants have been in place for over 10 years and are in long term auto renewal leases.

Each unit has its own dedicated gas/electrical meter and HVAC systems. The building has been meticulously maintained and the roof and mechanicals are annually inspected with no known issues or leaks.

Unit 6 (leased by the 7-11) is approximately 2,500 sf; Units 4 and 5 are approximately 2,005 sf each; Units 2 and 3 are approximately 900 sf each; Unit 1 (leased by the dry cleaners) is approximately 1,800 sf. Units 2-5 may be combined.

Located at 270 Cary/Algonquin Rd. This retail shopping center is well located just South of Main Street on the West side of Cary/Algonquin Rd in the Village of Cary. Main Street is an East/West street that is just Southwest of Route 14. Cary/Algonquin Road is a North/South road.

**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 Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 400 & 406 East 103rd Street, Chicago, IL, 60628
UPCOMING AUCTION  Bidding period to be scheduled

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

View Property Flyer (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 401 E. Route 60, Volo, IL, 60073
THIS AUCTION IS CLOSED

Approx. 6,875 SF Multi-Tenant Retail and/or Office Units in Volo, IL

Suggested Opening Bid: $250,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Lot: Approx. 2.57 Acres

Building Size: Approx. 6,875 SF

Built: 2002

Occupancy: 75%

2017 Taxes: $33,528.46

PIN #: 09-02-102-048

Zoning: B-3

Traffic Count: 7,350 VPD

4 attached retail and/or office units ranging in size from approximately 1,300 to 2,600 sf. Currently all but one of the units are leased. These units have a dedicated parking lot and easy access to Route 60 and Route 12. There is an opportunity to sub-divide the 2.3 acre parcel for additional building development.

This property is located South of Route 120, West of Route 60 and East of Route 12.

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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