Bank Owned: Pine Meadows Office Campus – 10 Class A Commercial Office Condo Units
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10 VACANT UNITS AVAILABLE FOR PRE-AUCTION PURCHASE IN BULK
Previously Valued To: $2,769,690 ($110 sf)
Minimum Bid/Reserve Price: $1,762,530 ($70 sf)
Buyer’s Premium: 5%
Cooperating Broker’s Commission: 2%
Building Class: A
Building Size: Approx. 45,000 sf
Total Available Square Feet: Approx. 25,179 sf
Annual Association Dues: $3.82 psf
Unit 150-W – Approx. 3,538 sf
Unit 240-W – Approx. 1,911 sf
Unit 260-W – Approx. 1,861 sf
Unit 270-W – Approx. 2,605 sf
Unit 310-W – Approx. 3,192 sf
Unit 320-W – Approx. 1,838 sf
Unit 330-W – Approx. 2,542 sf
Unit 340-W – Approx. 3,246 sf
Unit 350-W – Approx. 1,830 sf
Unit 360-W – Approx. 2,616 sf
11-18-104-045 – Unit 150-W (2013 Taxes $13,200.40)
11-18-104-053 – Unit 240-W (2013 Taxes $3,662.25)
11-18-104-055 – Unit 260-W (2013 Taxes $3,676.10)
11-18-104-056 – Unit 270-W (2013 Taxes $4,956.94)
11-18-104-049 – Unit 310-W; 320-W; 330-W; 340-W; 350-W; 360-W (2013 Taxes $29,377.39)
The building was constructed in 2006 consisting of a office condominium development offering an architecturally stunning building in a popular location. This three story elevator building can accommodate any professional business or medical user looking for an outstanding location with excellent access and exposure. These never-occupied office condos are provided in a rare â€œvanilla-boxâ€ condition that includes; electrical, drywall, drop ceiling with lighting fixtures and existing HVAC system. The roof is less than 9 years old. There are over 400 parking spaces available which are not deeded or assigned which currently exceeds the approved plan for entire development of 5.02 parking spaces per 1000 sf.
The property is zoned O-2 Office, Manufacturing & Distribution Park. Permitted and Special Permitted uses are listed at http://www.libertyville.com/DocumentCenter/View/12667 (the numbers after each use are tied to the NAICS 2007 system you can search these at http://www.census.gov/eos/www/naics/ ).
Prime Libertyville location in close proximity to Condell Medical Center, Winchester Road and Route 45. Easy access to I-94. Impressive location for the most discerning business owners.
Seller financing available. Seller is current on association dues and taxes.
ALL BEST AND FINAL BIDS DUE BY APRIL 15, 2015
**If all 10 available units are not sold in bulk by 4/18, the entire 3rd floor will be available for either pre-auction purchase or online bidding in the 4/20-4/22 online auction with a minimum bid of $1,144,800 ($75 psf).
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Total Bids Placed:
Auction has expiredAuction Expired because there were no bids
|Auction started||September 1, 2015 12:00 am CDT|
Bidding Starts: September 1, 2015 12:00 am CDT
Bidding Ends: September 3, 2015 12:00 am CDT
Location: 900 Technology Way, Libertyville, IL, 60048
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.
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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.
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