Strip Center with Vacant Former Grocery in Melrose Park Retail Submarket
Starting bid: $1,700,000.00
Auction has not started yet
Start On: March 24, 2021 11:00 am CDT
Time Until Start: 17 days, 9 hours, 3 minutes
Ending On: March 26, 2021 11:00 am CDT
- Auction Registration & Info
- Showing Request
- Private message
New Minimum Bid/Published Reserve Price: $1,700,000 (Reduced from $1,900,000)
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer‘s Premium is added)
Year Built: 2000
Lot Size: Approx. 2.03 Acres / 88,859 SF
Entire Center: Approx. 28,858 SF
Parking: Approx. 60 Cars; 2.01/1,000
PIN #s: 15-10-316-042-1001; 15-10-316-042-1002; 15-10-316-042-1003 (PIN#s 1002/1003 have the 7c tax incentive; 615-625)
Traffic Counts: 23,800 VPD (25th Avenue); 12,100 VPD (Washington Blvd.)
This newly remodeled strip center has 4 retail units consisting of an approximately 15,757 sf, vacant former Save-A-Lot grocery store (unit 625); an approximately 9,373 sf store leased to Beauty Gallery (unit 601); an approximately 1,999 sf store leased to Chicago Trading (unit 617); and an approximately 1,729 sf, vacant retail store adjacent to the former grocery store (unit 615).
Located in Bellwood, Illinois at the corner of 25th Avenue and Washington Blvd. in the Melrose Park Retail Submarket.
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 starting||March 24, 2021 11:00 am CDT|
Bidding Starts: March 24, 2021 11:00 am CDT
Bidding Ends: March 26, 2021 11:00 am CDT
Location: 601 South 25th Avenue, Bellwood, IL, 60104
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 in effect for this auction.
You must be logged in to request a showing for this property.