Approx. 12,400 sf Vacant Warehouse in Mixed Use Building with Income from Retail & Apartments in Blue Island, IL
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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!
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Location: 12842 South Western Avenue, Blue Island, IL, 60406
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There is a 6% Buyer's Premium ($40,000.00 minimum applies) in effect for this auction.
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