Retail


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Location: 601 South 25th Avenue, Bellwood, IL, 60104
UPCOMING AUCTION  Wed, July 22 - Fri, July 24

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 

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 109-119 W. Grand Avenue, Melrose Park, IL, 60164
UPCOMING AUCTION  Wed, August 26 - Fri, August 28

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 

View Property Flyer (PDF)

View Zoning Ordinance (PDF)

 

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Location: 2607-2693 20th Street, Rockford, IL, 61109
UPCOMING AUCTION  Wed, September 23 - Fri, September 25

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 

View Property Flyer (PDF)

 

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Location: 167 Seymour Street, Mundelein, IL, 60060
UPCOMING AUCTION  Wed, September 23 - Fri, September 25

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 Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Survey (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 9109 Ogden Avenue, Brookfield, IL, 60513
UPCOMING AUCTION  Mon, August 17 - Wed, August 19

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 Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Table of Allowed Uses (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 9600-9604 N. Milwaukee Avenue, Niles, IL, 60714
UPCOMING AUCTION  Bidding period to be scheduled

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
• Area Retailers Include Target, Walmart, Jewel, CVS
• Directly Across from Golf Mill and Adjacent to New CVS
• NWC of Golf and Milwaukee 
• Close to 294 and Kennedy Expressway
• Site Currently has 2 Curb Cuts and 29 Parking Spaces

TRANSPORTATION HIGHLIGHTS
• Golf Station - Milwaukee North Line
• Dee Rd Station - Union Pacific Line
• Bus Stop Nearby
• Close to Major Expressways

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
8.2 - USE MATRIX
8.3 - PRINCIPAL USE STANDARDS

**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 Survey (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

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Location: 1315 W. Galena Avenue, Freeport, IL, 61032
UPCOMING AUCTION  Bidding period to be scheduled

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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Location: 711 East Hawley Street, Mundelein, IL, 60060
THIS AUCTION IS CLOSED

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: 400 & 406 East 103rd Street, Chicago, IL, 60628
THIS AUCTION IS CLOSED

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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