Cook, US
Auction! $260,000 is the suggested opening bid for the online auction, not an asking price; the reserve price is higher. 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!
Courtesy Of: AW Properties Global/Auction Works
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 04/27/2020
Interior Features
- Agent Owned/Interest:
- No
Exterior Features and Amenities
- Area:
- Blue Island
- Lot Dimensions:
- 80X175
Financial
- List Date Received:
- 2020-04-27T15:42:47
- Update Date:
- 2020-04-28T19:16:27
- Taxes:
- 25140
- Status Date:
- 2020-04-28T19:16:27
- Market Time:
- 528
- Listing Market Time:
- 146
- Last List Price:
- 260000
- Listing Type:
- Exclusive Right To Sell
- Cooperative Compensation:
- AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.
- Opening Bid/Reserve Price:
- 260000
- Auction Price Description:
- Opening Bid
- Auction Date:
- 2020-07-22T05:00:00
Other Features
- Approx Year Built:
- 1927
- Zoning Type:
- COMMR
- Township:
- Worth
- Are any property photos virtually staged?:
- No
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Data last updated: 2025-12-19.
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