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Chicago , IL - Industrial Building/Loft

2635 S. Wabash Ave. - Chicago, Illinois, United States

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Why Buy This Property

Industrial - Warehouse - Loft - Office - Garage Building

  • 96,000 square feet
  • Floor Size - 24,000 square feet
  • Clear height 10.6 feet
  • (4) 10'x10' drive-in doors
  • (1) loading dock
  • (1) passenger elevator
  • (1) large freight elevator
  • Wet Sprinklers
  • Partially leased
  • xxx Square foot site
  • Zoning:  MI-3
  • Fenced and Gated Parking for 40 Cars on paved lot

Description

This partially leased, 96,000 sq. ft. four-story industrial building including a fenced and gated 40-car parking lot on the north side of the building. The site is 38,096 square feet. The property features 4 drive-in doors, 1 exterior dock, a freight elevator capable of carrying two cars and a passenger elevator and many newer built-out leased tenant spaces with the first and fourth floors vacant and ready for lease or owner/user occupancy. Strategically located at the hub of Interstate Highways I-55, I-90, I-94, and Lake Shore Drive. 

This Bronzeville TIF district (Industrial) site is just minutes from the Loop. Only 5 blocks away is the just approved (Feb. 2021) The massive 46 acre Bronzeville Lakefront Development Site, former Michael Reese Hospital is only five blocks away and was just approved in February 2021 for redevelopment. McCormick Place is less than a mile away.

Property Location

Offering Strategy

$2,950,000 - MINIMUM BID AUCTION - This property will be sold subject to a Minimum Bid of $2,950,000 and the Terms of Sale. This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-transferred funds to the Title Company listed in the Purchase and Sale Contract advance of bidding. See Bidder's Information Packet for more details.

Inspection Dates

Inspection dates to be announced shortly.  

On these dates representatives of the auction company will provide tours of the property and be available to answer questions.  Please call (312) 278-0600 extension 101 to schedule your inspection.  

Registration and an acceptable form of government-issued photo identification are required by all persons attending any and all property viewings.

Those inspecting the property are required to wear facemasks and practice social distancing. 

Auction Location

Sealed Bid Auction- This is a sealed bid auction event. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet is required to bid. Bidders are required to submit a wire-transferred auction deposit to the Title Company listed in the Purchase and Sale Contract and fill in and sign the auction Purchase and Sale Agreement in order to bid. See Bidder's Information Packet for more details.

Bids are to be delivered to  Fine & Company LLC via email to info@fineandcompany.com on or before 2:00 p.m. Local Time on the date to be announced. The Sale Contract is important for you to review and understand.  Should you have any questions, please contact Fine & Company at 312.278-0600 extension 101.

Bids received after the bid deadline will not be eligible for consideration and will be returned to the sender.

Details

Certified Funds To Bid : $50,000

Buyer's Premium (Buyer's Fee) : 6% of the bid price

Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, environmental reports, leases, rent roll, revenue and expense reports, survey, real estate tax bill, local information, auction purchase and sale agreement, auction deposit agreement, and terms of sale.



Bidder's Information Packets are available in PDF format for $30.00. To order your Packet click on the link below and download the Bidder's Information Packet Order Form or call

Contact Us

  Fine & Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

Request more information

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Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Licensing : Fine & Company LLC, Licensed Illinois Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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