Lake Villa Medical Office Building
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Minimum Bid/Published Reserve Price: $595,000 (Reduced from $775,000)
Buyer’s Premium: 5% of Bid Price
Cooperating Broker Commission: 2% of Bid Price/Offer Price (Before Buyer’s Premium is Added)**
Year Built: 1997
Building Class: B
Building Height: 2 Stories
Building Size: Approx. 14,906 SF
Typical Floor Size: Approx. 7,453 SF
1st Fl, Ste 101: Approx.1,417 SF
1st Fl, Ste 102: Approx. 1,920 SF
1st Fl, Ste 104: Approx. 1,417 SF
2nd Fl, Ste 201: Approx. 3,390 SF
2nd Fl, Ste 203: Approx. 2,217-2,852 SF
2nd Fl, Ste 210: Approx. 635 SF
Parking: 35 Surface Spaces
PIN #: 06-04-104-029
Minimum bid price just reduced from $775,000 to $595,000! Sellers are retiring partners who are motivated to sell this well maintained, upscale professional building. $650,000 is the minimum bid for the online auction. A 5% buyer’s premium will be added to the bid/offer price. This building is an ideal corporate headquarters or medical user building. Well located at the corner of Route 83 (Milwaukee Avenue) and Route 132 (Grand Avenue), this building has prime land with great visibility and a high traffic count. Recent improvements include 2019 updates to roof, elevator, parking & HVAC.
Current lender will lend on the sale of this building with 20-25% down payment. TIF money also available. Pre-auction offers are highly encouraged!
** Per the auction Terms and Conditions, a Broker is not eligible for a commission if they are a family member or an affiliate of the client they represent.
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Total Bids Placed:
Auction has expired
|Auction started||August 3, 2022 12:00 pm CDT|
Bidding Starts: August 3, 2022 12:00 pm CDT
Bidding Ends: August 3, 2022 8:00 am CDT
Location: 50 S Milwaukee Avenue, Lake Villa, Illinois, 60046, United States
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Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.
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BID APPROVAL PROCESS:
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Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
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There is a 5% Buyer's Premium in effect for this auction.
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