Retail


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Location: 9600-9604 N. Milwaukee Avenue, Niles, IL, 60714
UPCOMING AUCTION  Wed, March 25 - Fri, March 27

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)

 

» View Auction» Add to Calendar
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Location: 167 Seymour Street, Mundelein, IL, 60060
UPCOMING AUCTION  Wed, February 19 - Fri, February 21

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 Survey (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 

» View Auction» Add to Calendar
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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: 109-119 W. Grand Avenue, Melrose Park, IL, 60164
THIS AUCTION IS CLOSED

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: 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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Location: 1315 W. Galena Avenue, Freeport, IL, 61032
THIS AUCTION IS CLOSED

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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