Sold Office
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Bank Owned: Pine Meadows Office Campus - 10 Commercial Office Condo Units SOLD 10 VACANT UNITS AVAILABLE FOR PRE-AUCTION PURCHASE IN BULK Previously Valued To: $2,769,690 ($110 sf) Minimum Bid/Reserve Price: $1,762,530 ($70 sf) Buyer's Premium: 5% Cooperating Broker's Commission: 2% Building Class: A Building Size: Approx. 45,000 sf Total Available Square Feet: Approx. 25,179 sf Zoning: O-2 Annual Association Dues: $3.82 psf Unit Sizes: Unit 150-W - Approx. 3,538 sf Unit 240-W - Approx. 1,911 sf Unit 260-W - Approx. 1,861 sf Unit 270-W - Approx. 2,605 sf Unit 310-W - Approx. 3,192 sf Unit 320-W - Approx. 1,838 sf Unit 330-W - Approx. 2,542 sf Unit 340-W - Approx. 3,246 sf Unit 350-W - Approx. 1,830 sf Unit 360-W - Approx. 2,616 sf PIN #s: 11-18-104-045 - Unit 150-W (2013 Taxes $13,200.40) 11-18-104-053 - Unit 240-W (2013 Taxes $3,662.25) 11-18-104-055 - Unit 260-W (2013 Taxes $3,676.10) 11-18-104-056 - Unit 270-W (2013 Taxes $4,956.94) 11-18-104-049 - Unit 310-W; 320-W; 330-W; 340-W; 350-W; 360-W (2013 Taxes $29,377.39) The building was constructed in 2006 consisting of a office condominium development offering an architecturally stunning building in a popular location. This three story elevator building can accommodate any professional business or medical user looking for an outstanding location with excellent access and exposure. These never-occupied office condos are provided in a rare “vanilla-box” condition that includes; electrical, drywall, drop ceiling with lighting fixtures and existing HVAC system. The roof is less than 9 years old. There are over 400 parking spaces available which are not deeded or assigned which currently exceeds the approved plan for entire development of 5.02 parking spaces per 1000 sf. The property is zoned O-2 Office, Manufacturing & Distribution Park. Permitted and Special Permitted uses are listed at http://www.libertyville.com/DocumentCenter/View/12667 (the numbers after each use are tied to the NAICS 2007 system you can search these at http://www.census.gov/eos/www/naics/ ). Prime Libertyville location in close proximity to Condell Medical Center, Winchester Road and Route 45. Easy access to I-94. Impressive location for the most discerning business owners. Seller financing available. Seller is current on association dues and taxes. ALL BEST AND FINAL BIDS DUE BY APRIL 15, 2015 **If all 10 available units are not sold in bulk by 4/18, the entire 3rd floor will be available for either pre-auction purchase or online bidding in the 4/20-4/22 online auction with a minimum bid of $1,144,800 ($75 psf). View Declaration Libertyville Office (PDF) |
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Bank Owned: Pine Meadows Office Campus - Commercial Office 3rd Floor Condo Units SOLD Entire 3rd floor (Units 310-W, 320-W, 330-W, 340-W, 350-W, 360-W) available for pre-auction purchase. Previously Valued To: $1,679,040 ($110 sf) Minimum Bid/Reserve Price: $1,144,800 ($75 sf) Buyer's Premium: 5% Cooperating Broker's Commission: 2% Building Class: A Building Size: Approx. 45,000 sf Total Available Square Feet: Approx. 15,264 sf Zoning: O-2 Annual Association Dues: $3.82 psf Unit Sizes: Unit 310-W - Approx. 3,192 sf Unit 320-W - Approx. 1,838 sf Unit 330-W - Approx. 2,542 sf Unit 340-W - Approx. 3,246 sf Unit 350-W - Approx. 1,830 sf Unit 360-W - Approx. 2,616 sf PIN #: 11-18-104-049 - Unit 310-W; 320-W; 330-W; 340-W; 350-W; 360-W (2013 Taxes $29,377.39) The building was constructed in 2006 consisting of a office condominium development offering an architecturally stunning building in a popular location. This three story elevator building can accommodate any professional business or medical user looking for an outstanding location with excellent access and exposure. These never-occupied office condos are provided in a rare “vanilla-box” condition that includes; electrical, drywall, drop ceiling with lighting fixtures and existing HVAC system. The roof is less than 9 years old. There are over 400 parking spaces available which are not deeded or assigned which currently exceeds the approved plan for entire development of 5.02 parking spaces per 1000 sf. The property is zoned O-2 Office, Manufacturing & Distribution Park. Permitted and Special Permitted uses are listed at http://www.libertyville.com/DocumentCenter/View/12667 (the numbers after each use are tied to the NAICS 2007 system you can search these at http://www.census.gov/eos/www/naics/ ). Prime Libertyville location in close proximity to Condell Medical Center, Winchester Road and Route 45. Easy access to I-94. Impressive location for the most discerning business owners. Seller financing available. Seller is current on association dues and taxes. Pre-auction bids highly encouraged. **If all 10 available units are not sold in bulk by 4/18, the entire 3rd floor will be available for either pre-auction purchase or online bidding in the 4/20-4/22 online auction with a minimum bid of $1,144,800 ($75 psf). View Declaration Libertyville Office (PDF) |
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Former AT& T Call Center in Livonia, Michigan SOLD Previously Valued To: $1,750,000 New Suggested Opening Bid: $600,000 (Reduced from $800,000) Buyer's Premium: 6% Cooperating Broker's Commission: 2% Building Size: Approx. 109,264 sf 2014 Taxes: $64,854.23 PIN #: 103-99-0021-000 Zoning: C-2 Former call center building (AT&T) with approximately 109,264 SF on three floors, over 740′ frontage on Plymouth Road, loading dock, freight elevator, approx. 296 parking spaces on approximately 5 acres, parking ratio: 3.69, significant power, and telephone switching infrastructure/diesel generator. Cooperating Broker Licensed in the State of Michigan: Friedman Integrated Real Estate Solutions License #6505228398; Steve Eisenshtadt License #6502139769 View Upper Level Floor Plan (PDF) View Mid Level Floor Plan (PDF) View Lower Level Floor Plan (PDF) View Switch Gear Removal Plan (PDF) View One Line Diagram Plan (PDF) View Environmental Phase I (ATT) (PDF) View Mortgage Modification Agreement (PDF) |
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Perfect for Owner-User: Office/Medical Building SOLD Previously Valued to: $850,000 Minimum Bid: $425,000 Cooperating Broker's Commission: 2% if presale; 1% if auction Buyer's Premium: 5% Lot Size: Approx. 1.32 Acres Building Size: Approx. 13,578 sf PIN #: 03-06-108-001-0000 2013 Taxes: $59,759 Each building in the business park is subject to an association called the Commerce Point Owners Association. The owner paid a total of $1,060 in dues in 2014. Multi-tenant stand alone, single-story, fully sprinklered all brick building with pitched roof. Ideal user-owner building or a perfect fit for a medical office. Currently there are three suites, two suites that can easily be combined to 8,974 square feet. Building could be converted into a three tenant building if preferred. Property has great parking and excellent existing landscape. Fantastic location on the Northern end of Arlington Heights with quick easy access to I-53 via Dundee or Lake Cook Roads which provides a link to the Northwest Tollway (I-90) and the North-South Tollway (I-355). Close proximity to Woodfield Mall and other shopping, dining and entertainment offerings. View Multi-Tenant Existing Plan (PDF) |
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Free-Standing Office Building with Dock in Westchester, IL SOLD Suggested Opening Bid: $200,000 Buyer's Premium: 6% Cooperating Broker' Commission: 2% Building Size: Approx. 12,000 sf Lot Size: Approx. 0.31 Acres NOI: $51,274.00 2015 Taxes: $37,455.85 PIN #: 15-21-200-038-0000 Zoning: I - Industrial This 85% leased, rare West Cook County opportunity is ideal for an owner/user. Free-standing office building consists of 7 suites with a loading dock and an 800 sf storage area. On-site parking spaces for 18 vehicles (on the side opposite the loading dock with the shed there are approximately 6; on the side with the loading dock there are approximately 6; on the back of the building there are approximately 6 in back, one is handicapped). 2010 renovations include new windows, common area renovations, new carpet and paint. Centrally located near I-290 and I-294. Located ½ block south of Roosevelt Rd (Rt 38) on Derby Lane, east of Mannheim Rd. |
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Office Building in Olympia Fields SOLD Suggested Opening Bid: $199,000 Buyer's Premium: 6% Cooperating Broker's Commission: 2% Building Size: Approx. 18,000 SF Lot Size: Approx. 50,477 SF 2014 Taxes: $71,038.94 Pin#: 31-23-102-026-0000 Zoning: B-3; Commercial Service District 2-story building with a mix of private offices and shared common areas, and parking for 25 vehicles. Located at the northeast corner of Lincoln Highway and Evergreen Circle. I-57 can be accessed via Lincoln Highway and is 1.7 miles away. Metra Electric Line 211th Street Station is approximately .3 miles east of the subject property. Metra' s Electric line brings 39,000 commuters into and out of Millennium Station in Chicago' s Loop each week day. **3 STEPS REQUIRED TO REVIEW PROPERTY INCOME AND EXPENSES, PHASE I, II ENVIRONMENTAL & LEASE AGREEMENTS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON INCOME AND EXPENSES OR PHASE I, II ENVIRONMENTAL OR LEASE AGREEMENTS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE INCOME AND EXPENSES OR PHASE I, II ENVIRONMENTAL OR LEASE AGREEMENTS
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PRICE REDUCTION: Office/Medical Office/Retail Building SOLD Previous Minimum Bid: $325,000 New Minimum Bid: $195,000 Cooperating Broker's Commission: 2% if presale; 1% if auction Buyer's Premium: 5% 2012 Taxes: $42,393 Lot Size: Approx. 0.73 Acres Building Size: 15,668 sf PIN #: 18-3-100-013-0000 Building size is approx. 15,668 sf on approx. 0.73 acres. Currently vacant but potential owner-user opportunity. Ideal for office, medical office or retail. There is a 10' high drive in door- it leads into a garage area. There is currently no dock, but it could be built by the buyer. 28,000+ vehicles pass this property daily per IDOT. Fully air conditioned. Previous use was corporate office with light assembly. Potential for alternate uses. Located at the signalized intersection of W. 59th St and S. Archer Rd. 1.5 miles to I-55 interchange at First Ave. |
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Approx. 7,722 SF Retail/Office in Chicago SOLD Minimum Bid: $189,000 Buyer's Premium: 6% Cooperating Broker's Commission: 2% Building Size: Approx. 7,722 2015 Taxes: $22,429.27 PIN #: 13-20-230-018-0000 One story building with partial second story consisting of a mezzanine office space (approx. 323 sf); first floor office space (approx. 2,800 sf); second floor party room (approx. 1,120 sf); and a warehouse/store (approx. 3,479 sf) which is currently occupied by a month to month tenant (tenant pays utilities). **3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS
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Historical Office Building located in Elburn, IL SOLD New Minimum Bid/Published Reserve Price: $175,000 (Reduced from $195,000) Buyer's Premium: 6% ($40,000 minimum applies) Cooperating Broker's Commission: 2% Lot Size: Approx. .52 acres Building Size: Approx. 3,671 sf 2018 Taxes: $15,362.66 PIN #: 11-05-101-006 Zoning: B3-Office /Service District This approximately 3,671 sf vacant, historical office building is prominently situated on an approximately .52 acre lot on Main Street (State Rt. 47), in Elburn, Illinois. It is located just 5.5 miles North of I-88 and 2.8 miles from the Metro station. Zoned B3-Office /Service District, this 1880’s Queen Anne was converted from residential to office/service use and potentially could be converted back to residential (please confirm with the village zoning department if you intend to convert the property to residential). This charming, walkup building has a layout that includes one (1) office, one (1) conference room, a kitchenette, and a waiting area on the first floor; and five (5) offices on the second floor. There are 3 washrooms. The building also has two (2) fireplaces, attic access, basement storage, ample parking (20 spaces), a one (1) two car garage, and a artist studio/work studio/storage. Original, custom built-ins and woodworking details throughout add to the overall character of this historic office building. Notably, Elburn’s eastern neighbors are the “Tri-City” communities of Geneva, Batavia & St. Charles. **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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Williamsburg Village Professional Office Building on Colonial Parkway in Inverness SOLD Previously Valued To: $619,200 Suggested Opening Bid: $140,000 Buyer's Premium: 5% Cooperating Broker's Commission: 2% Built: 1986 Building Size: Approx. 7,740 sf First Floor: Approx. 2,580 sf Second Floor: Approx. 2,580 sf Lower Floor: Approx. 2,580 sf Zoning: B1 2013 Taxes: $13,935.04 PIN #: 02-28-301-068-1031 This two story brick building has approx. 7,740 sf (approx. 2,580 sf per floor with a 1st floor, 2nd floor, and lower level). It features custom interior finishes, open office space, a conference room, private offices, and kitchen/break room. Formerly occupied by a bank, this property is located within Williamsburg Village Professional Office Complex. It offers excellent signage at Roselle and Euclid roads at a signaled intersection and high traffic counts: 40,000+ vehicles per day. Inverness, Illinois is home to Williamsburg Village, an office complex primarily comprised of various professional services. It is the only business park located in Inverness. Its unique style, natural beauty and convenient location make it an asset to the community. The individual colonial style buildings, as well as its scenic ponds and bridges, make it look and feel less like a commercial development. Inverness is an affluent village bordered by Barrington, Schaumburg, Palatine and Hoffman Estates. Inverness ranks 63rd on the list of highest-income places in the United States, with nearby North Barrington, South Barrington, and Barrington Hills also making the list. As of the census of 2000, there were 6,749 people within the village and the median income for a household was $141,672. |
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Office Building Near Court House and Lake in Waukegan, IL SOLD FOR SALE / NOT AUCTION Previously Valued At: $179,900 Asking Price: $115,000
Cooperating Broker's Commission: 2%
Built: 1850 Lot Size: Approx. .21 Acres Building Size: Approx. 2,500 SF 2018 Taxes: $8,032.20 PIN #: 08-21-215-017-0000 Zoning: B-5 Traffic Count: 8,300 VPD Great opportunity to own this two story, all brick office building conveniently located close to the court house and the lake. The first floor has a reception area, a conference room, a small kitchen, half bathroom, and a storage/copy room. The second floor has a large executive office with an adjacent sitting area, an en-suite bathroom with a shower: a large office; a small office; and two half bathrooms. This property has plenty of storage, a basement, and a 2.5 attached garage plus 6 dedicated parking spots in the rear of the property. **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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SOLD Suggested Opening Bid: $75,000 (Reduced from $350,000) Buyer's Premium: 6% View Property Flyer (PDF) |
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Approximately 1,800 SF Office Building in Elgin SOLD New Minimum Bid/Published Reserve Price: $50,000 (Reduced from $100,000) Buyer's Premium: 6% of Bid Price ($20,000 minimum applies) Cooperating Broker's Commission: 2% Lot Size: Approx. 10,125 SF Building Size: Approx. 1,800 SF Year Built: 1972 Parking: 10 Spaces 2018 Taxes: $4,260.74 PIN #: 06-22-128-038 Zoning: RB; Residence Business District Great opportunity to own this one story, all brick office building. The main floor has 3 offices, a large inner office area for cubicles, 2 bathrooms and a full basement which has been studded with 2 stairways and a separate entrance for future expansion. Parking for 10 cars is located in the back of the building. The property is conveniently located near Highway 20 and I-90. |
