This approximately 13,578 sf multi-tenant, stand alone, single-story, brick building on 1.32 acres had been listed for sale on the traditional market for over a year with an asking price of $850,000.
Arlington Heights, IL
Privately Owned Real Estate
Sale Price: $700,000
The traditional for sale listing with prior brokers for this property had generated little to no interest with an asking price of $850,000, so the owner authorized a $100,000 price cut. Even with an asking price of $750,000, the building continued to garner very little interest and only a few showings. It was on the market three times as a traditional listing – once in 2007, once in 2009, and then again for 6 months in 2014. After receiving an offer of $300,000 for the building and countering that offer with $350,000, the owner ultimately engaged AW to sell the property in an online auction.
- CLIENT TESTIMONIAL
We worked with AW to sell a property in north Arlington Heights that was incredibly resistant to traditional marketing methods. We were very pleased with results that exceeded our expectations. From my perspective, I think the success lay in Diana Peterson and her team’s consistent efforts to over deliver – prompt responses to phone calls, quick and carefully crafted responses to email, and great service over all. Diana and her team at AW are an outstanding business ally.