Lot Number: 1
COURT-ORDERED REAL ESTATE AUCTION DECEMBER 4, 2024
A TROPHY PROPERTY, THE STREET LEVEL RETAIL COMPONENT OF A LARGER MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING AT 6422 N. SHERIDAN RD. • CHICAGO, IL
Built in 2019 and occupied by Target, a new Wintrust Bank branch and an actively marketed third retail space, the 28,669 sq. ft. commercial property includes a below-grade parking component with 59 retail parking stalls. The property is located in a densely populated area adjacent to Loyola University campus and the intersection of North Sheridan Rd. and West Devon Ave., with approximately 46,000 daily vehicle traffic and heavy pedestrian use. Long-term leases. Gross scheduled income approaching $1,500,000 annually. NET income is soon to be just under $1,000,000 annually.
Previously Valued Well in Excess of $20,000,000
Suggested Opening Bid $14,500,000
On-site inspections from noon to 2pm on Nov. 7, 12 and 21 and by appointment.
Auction Deadline: December 4, 2024
COURT-ORDERED REAL ESTATE AUCTION DECEMBER 4, 2024
A TROPHY PROPERTY, THE STREET LEVEL RETAIL COMPONENT OF A LARGER MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING AT 6422 N. SHERIDAN RD. • CHICAGO, IL
Built in 2019 and occupied by Target, a new Wintrust Bank branch and an actively marketed third retail space, the 28,669 sq. ft. commercial property includes a below-grade parking component with 59 retail parking stalls. The property is located in a densely populated area adjacent to Loyola University campus and the intersection of North Sheridan Rd. and West Devon Ave., with approximately 46,000 daily vehicle traffic and heavy pedestrian use. Long-term leases. Gross scheduled income approaching $1,500,000 annually. NET income is soon to be just under $1,000,000 annually.
Previously Valued Well in Excess of $20,000,000
Suggested Opening Bid $14,500,000
On-site inspections from noon to 2pm on Nov. 7, 12 and 21 and by appointment.
Auction Deadline: December 4, 2024
COURT-ORDERED REAL ESTATE AUCTION DECEMBER 4, 2024
A TROPHY PROPERTY, THE STREET LEVEL RETAIL COMPONENT OF A LARGER MIXED-USE COMMERCIAL & RESIDENTIAL BUILDING AT 6422 N. SHERIDAN RD. • CHICAGO, IL
Built in 2019 and occupied by Target, a new Wintrust Bank branch and an actively marketed third retail space, the 28,669 sq. ft. commercial property includes a below-grade parking component with 59 retail parking stalls. The property is located in a densely populated area adjacent to Loyola University campus and the intersection of North Sheridan Rd. and West Devon Ave., with approximately 46,000 daily vehicle traffic and heavy pedestrian use. Long-term leases. Gross scheduled income approaching $1,500,000 annually. NET income is soon to be just under $1,000,000 annually.
Previously Valued Well in Excess of $20,000,000
Suggested Opening Bid $14,500,000
On-site inspections from noon to 2pm on Nov. 7, 12 and 21 and by appointment.
Auction Deadline: December 4, 2024
| user | amount |
|---|