Approx. 12,400 sf Vacant Warehouse in Mixed Use Building with Income from Retail & Apartments in Blue Island, IL
- Auction Registration & Info
- Showing Request
- Private message
- Store Policies
Suggested Opening Bid: $260,000
Buyer’s Premium: 6% ($40,000 minimum applies)
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
Lot Size: Approx. 13,888 SF
Building Size: Approx. 16,240 SF
2018 Taxes: $22,968.57
PIN #: 24-36-213-011-0000
2018 Taxes: $2,172.20
PIN #: 24-36-213-022-0000
2018 Taxes: $0
PIN #: 24-36-213-012-0000
Zoning: C1; Central Area Commercial
Traffic Count: 7,410 VPD
Electrical: 400 Amps
Heating: Forced warm air in retail; ceiling-suspended radiant space heaters in warehouse
Air Conditioning: Forced air, individual units
Number of Freight Elevators: 1
This income producing, approx. 16,240 sf mixed use building is located in a well stabilized section of Western Avenue in Blue Island, near Interstate 57, only 15 miles from downtown Chicago.
It has an approx. 1,600 sf retail storefront leased to a long term tenant (hair salon) and two leased residential units (a one bedroom unit and a two bedroom unit), all with strong rental history. It offers an approx. 12,400 sf vacant warehouse with approx.14′ ceiling heights (formerly occupied by the now retired owners‘ food distribution business). The warehouse has two floors (approx. 5,800 sf each) plus a full floor basement (approx. 6,500 sf) with all floors accessible via stairs and freight elevator. The second floor of the warehouse is bow trussed with recent repairs and upgrades.
The rear has a commercial drive through garage with alley access. Adjacent is a 12 space, gated parking lot. The roof was replaced in the last 9 years and all mechanicals and elevator recently maintained, including a new boiler. Sellers have retired. Title is clear. Recent inspection and appraisal available. The warehouse is vacant, clean and ready for the next new venture!
Title is clear. Sellers have retired and closed the food distribution business. The warehouse portion of the building is vacant, clean and ready for the next new venture!
Pre-Auction Bids are 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: 12842 South Western Avenue, Blue Island, IL, 60406
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 ($40,000.00 minimum applies) in effect for this auction.
You must be logged in to request a showing for this property.
There are no inquiries yet.