Lot Number: 1
Court-Ordered Sealed-Bid Auction of Real Estate and all Property Subject to the Lender's Security Interest
Partially Completed, Being Sold as/is Cannabis/Craft Grow Facility
740 Schneider Drive, South Elgin, IL
40,000 sq. ft. industrial/manufacturing one-story building with 19'6" ceilings, three loading docks, all on a 2.42 acre site, zoned M-2, South Elgin- previously zoned for a craft grow facility by the village of South Elgin. Ideal location for distribution to local dispensaries or other possible uses.
Previously Listed at $9,800,000
To Be Sold to the Highest Bidder Subject to a Minimum Bid of $2,100,000* and Court Approval.
*Subject to the Court-approved Terms of Sale and a 7.5% Buyers Premium.
On-site Inspections from 2:30 p.m. to 4:30 p.m. on July 20, 2026 and August 6, 2026 and by Appointment.
Sealed Bid Auction Deadline: August 11, 2026
Click here for Procedures, Terms and Conditions of Court Ordered Sealed Bid Auction:
Click here for Judgment of Foreclosure and Sale
Click here for Notice of Judicial Sale
Court-Ordered Sealed-Bid Auction of Real Estate and all Property Subject to the Lender's Security Interest
Partially Completed, Being Sold as/is Cannabis/Craft Grow Facility
740 Schneider Drive, South Elgin, IL
40,000 sq. ft. industrial/manufacturing one-story building with 19'6" ceilings, three loading docks, all on a 2.42 acre site, zoned M-2, South Elgin- previously zoned for a craft grow facility by the village of South Elgin. Ideal location for distribution to local dispensaries or other possible uses.
Previously Listed at $9,800,000
To Be Sold to the Highest Bidder Subject to a Minimum Bid of $2,100,000* and Court Approval.
*Subject to the Court-approved Terms of Sale and a 7.5% Buyers Premium.
On-site Inspections from 2:30 p.m. to 4:30 p.m. on July 20, 2026 and August 6, 2026 and by Appointment.
Sealed Bid Auction Deadline: August 11, 2026
Click here for Procedures, Terms and Conditions of Court Ordered Sealed Bid Auction:
Click here for Judgment of Foreclosure and Sale
Click here for Notice of Judicial Sale
Court-Ordered Sealed-Bid Auction of Real Estate and all Property Subject to the Lender's Security Interest
Partially Completed, Being Sold as/is Cannabis/Craft Grow Facility
740 Schneider Drive, South Elgin, IL
40,000 sq. ft. industrial/manufacturing one-story building with 19'6" ceilings, three loading docks, all on a 2.42 acre site, zoned M-2, South Elgin- previously zoned for a craft grow facility by the village of South Elgin. Ideal location for distribution to local dispensaries or other possible uses.
Previously Listed at $9,800,000
To Be Sold to the Highest Bidder Subject to a Minimum Bid of $2,100,000* and Court Approval.
*Subject to the Court-approved Terms of Sale and a 7.5% Buyers Premium.
On-site Inspections from 2:30 p.m. to 4:30 p.m. on July 20, 2026 and August 6, 2026 and by Appointment.
Sealed Bid Auction Deadline: August 11, 2026
Click here for Procedures, Terms and Conditions of Court Ordered Sealed Bid Auction:
Approved Permit Drawings.pdf
Brochure.pdf
Circuit Court Order, Filed May 16, 2025.pdf
Circuit Court Order, Filed Oct 9, 2025.pdf
Village of South Elgin, Special Use Permit Info.pdf
Village of South Elgin, An Ordiance Rescinding Ordinace Granting A Special Use Permit.pdf
Village of South Elgin, Development Review Application.pdf
Village of South Elgin, Fact Sheet Cannabis Business Establishments Village Ordinance.pdf
740 SCHNEIDER DR - DEMO.pdf
Building Permit Remodel.pdf
Inspection Report.pdf
New Business worksheet.pdf
Plumbing Inspections.pdf
Letter to Property Owner RE Expiration 071923.pdf
Letter to Property Owner RE Expiration 05152025.pdf
Ord 2020-08.pdf
PZC Feb. 19, 2020 Packet & Drawings.pdf
PZC Minutes of February 19, 2020.pdf
CD Application.pdf
LUO Government Letter 20-006.pdf
South Elgin CGF Special Use (executed).pdf
Affidavit_South Elgin CGF Inc.pdf
Notice Letter SE.pdf
NOTICE OF A PUBLIC HEARING Special Use.pdf
South Elgin Certified Mail Receipt.pdf
VILLAGE OF SOUTH ELGIN COMM DEVL - Public Hearing.pdf
Village Board Committee of the Whole 03022020.pdf
Village Board Regular Meeting 03162020.pdf
Village Board Minutes for 3-2-2020.pdf
Village Board Minutes for 3-16-2020.pdf
Village Board Minutes of 6.16.2025.pdf
Village Board Regular Meeting 06162025.pdf
Fact Sheet - Cannabis Business Establishments.pdf
Ord 2019-50 UDO Text Amend for Cannabis Bus.pdf
Ord 2019-51 Cannabis Retailers' Occupation Tax.pdf
Development Review Application 04012025_FillableForm.pdf
PZC Calendar January 2026 - December 2026.pdf
Village of South Elgin, Email.pdf
Executive Summary.pdf
Survey.pdf
Site Analysis.pdf
Improvements Analysis.pdf
All Drawings & revised electric.pdf
Phase II PHASING PLAN.pdf
Procedures, Terms and Conditions, Exhibit A Judgement Dated June 18, 2026.pdf
Offer to Purchase Bid Form, Posted.doc
Circuit Court Order, Judgment of Foreclosure and Sale, signed dated June 18, 2026.pdf
Circuit Court, Notice of Judicial Sale.pdf
| user | amount |
|---|