Former Le Francais Restaurant in Wheeling, IL
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Minimum Bid: $650,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)
2019 Taxes: $60,784.30
PIN #: 03-12-105-024-0000
Lot Size: Approx. .58 acres
Building Size: Approx. 4,322 sf
New to the market! Approximately .58 AC (Approx. 25,398 SF) of buildable land with an approx. 4,322 SF vacant building (the former Le Francais restaurant) that has a very large kitchen and includes all furniture, fixtures and equipment. This property has a paved parking lot with 45 spaces. Located on desirable, high-traffic Milwaukee Avenue along “Restaurant Alley” just South of Dundee Road , it has easy access from both South and North directions and boasts 26,000+ Cars Per Day.
Adjacent to this property, there is an additional parcel (approx. 1.15 AC) of vacant land (located at 283 S. Milwaukee Avenue) that is also available for pre-auction purchase. This adjacent lot 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: 269 South Milwaukee Avenue, Wheeling, IL, 60090
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There is a 6% Buyer's Premium in effect for this auction.
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