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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!
To review the documents for this property, please follow these 3 simple steps:
- Register on our website or log in with your existing account.
- Go to the Documents tab, click a document that you wish to review, and accept the confidentiality agreement terms by entering your password.
- You may now download the document.
Total Bids Placed:
Auction has expiredAuction Expired because there were no bids
Location: 283 S. Milwaukee Avenue, Wheeling, IL, 60090, United States
How to Submit Pre-Auction Bid
Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.
How to Register & Bid Online
Register: If you do not have an account on this website, click the “Sign-Up” button above and complete the brief registration form. We will then send you an email with a verification link that you must click in order to create a new account.
Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:
BID APPROVAL PROCESS:
Review all information and due dilligence documents posted on the property listing on our website.
Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).
Click the “Register to Bid” button.
You will receive an email notifying you that you have been approved to bid on the property.
If you have any questions, contact us. We would be happy to assist you.
For wiring instructions email: firstname.lastname@example.org or call 847-509-2757.
There is a 6% Buyer's Premium in effect for this auction.
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