Approx. 1.15 Acres Commercial Land in Wheeling, IL
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Minimum Bid: $175,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
2019 Taxes: $23,881.66
PIN #: 03-12-105-025-0000
Lot Size: Approx. 1.15 Acres
New to the market! Approximately 1.15 AC (approx. 50,134 SF) of clean and fully cleared, buildable land. This land parcel is located on desirable, high-traffic Milwaukee Avenue along “Restaurant Alley” just South of Dundee Road, with easy access from both South and North directions boasting 26,000+ Cars Per Day.
Adjacent to this property (at 269 S. Milwaukee Avenue) there is an additional parcel (approx. .58 AC) also available for pre auction purchase. It has a vacant former restaurant with large kitchen including all furniture, fixtures and equipment. This adjacent property allows for a potential total land purchase of approximately 1.73 acres. Both land parcels have clean Phase I Environmental reports.
There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops etc.
Pre-Auction Bids Highly Encouraged!
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Total Bids Placed:
Location: 283 S. Milwaukee Avenue, Wheeling, IL, 60090, United States
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There is a 6% Buyer's Premium in effect for this auction.
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