Event #256-12
Bidding Format: Sealed Bid
3125 N. Wilke Road
Arlington Heights, IL 60004
Cook County View Map
Commercial Property
 
APN/Tax ID: 03-07-100-019-1017
APN/Tax ID: 03-07-100-019-1017
APN/Tax ID: 03-07-100-019-1017

Description

The online auction is for eighteen (18) individual office condominiums located in Buildings 3115, 3125 and 3135 of the Enterprise Office Center in Arlington Heights, Illinois.

The Subject Suite C/H (Building 3125), consists of ±2,610 square feet of rentable/usable area.

  • Generous open area in existing floor plan
  • Private interior room
  • Server room
  • Direct exterior access from both sides of space to parking area.
  • Kitchen/snack area
  • The single story office campus was built in 1984 and is located off N. Wilke Road, just north of Rand Road and south of the Dundee Road interchange of Route 53. The campus boasts excellent visibility from the highway and is situated close to nearby shopping, restaurants and services along Route 53.

    Select highlights/features of the campus are as follows:

    • Professional park-like setting
    • Excellent parking access
    • 4:1,000 parking ratio
    • Convenient access to Route 53

    Downloadable Documents

    Property Information Auction Information Vault Title and Escrow

    Viewing Schedule

    If you would like to visit this property, please complete and submit the

    You will need a registered account and be 'Signed In' to view and complete the document.

    Once you have submitted the agreement, please contact the Property Representative to set up an appointment.

    The dates below are currently set for public viewing:

    Mon Tues Wed Thurs Fri Sat Sun
    From 11:00 AM 11:00 AM 11:00 AM
    To 2:00 PM 12:00 PM 2:00 PM

    Financing

    Union National Bank

    The Preferred Lender for this auction is Union National Bank. You may include a financing contingency with your bid upon receipt of a prequalification letter from the Preferred Lender. Although you are welcome to place a bid without being pre-qualified by the Preferred Lender, obtaining financing from a lender other than the Preferred Lender will not be considered an acceptable contingency.

      OWNER OCCUPIED FINANCING

  • Down Payment: 20%
  • Interest Rate: 4.25% - 4.75% depending on buyer’s financial capability
  • Term - 80% loan - amortized over 25 years with rate adjusted to market at the end of the 5th year
    • INVESTOR FINANCING

  • Down Payment: 30%
  • Interest Rate: 4.25% - 4.75% depending on buyer’s financial capability
  • Term-70% loan- amortized over 25 years with rate adjusted to market at the end of the 5th year
    • OWNER OCCUPIED/INVESTOR FINANCING (SBA 504) FOR BUILDING BUYERS ONLY

  • Borrower must occupy at least 50% of building
  • Down Payment: 10%
  • Interest Rate: 4.25% - 4.75% depending on buyer’s financial capability
  • Term: 50% Loan in First Position, 40% Loan in Second Position; 10% down payment
  • (UNB will finance 50% of purchase price based on a 25-30 year amortization with a 10-year term and a rate adjustment at the end of the 5th year. The SBA will finance 40% of the purchase price with a 20-year fixed, fully amortized loan.)
  • If you would like to be contacted by the Preferred Lender, please complete the form below to submit your contact information directly to their representative handling this Auction who will respond in a timely manner.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    You are under no obligation to prequalify with Union National Bank.

    Equal Housing Lender All loans subject to credit approval, verification and collateral evaluation. Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements. Products not available in all states.

    To view the form, please .

    Broker of Record for this property: R. C. Wessel & Associates, Ltd., IL license #478.011565

    All information contained on FRE.com and dispensed by the Support Staff, Property Representative and other agents of the Seller is from sources deemed reliable and is not warranted or guaranteed by the Seller, its partners or related companies, LFC Communications, Inc., LFC Marketing Services, Inc., or any of their agents. Buyers shall rely entirely on their own judgment and inspection.

    d
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    Auction ended.
    Bidding Questions or Assistance?
    Auction Manager
    Patrick Kelleher
    LFC Marketing Services
    Phone: (949) 706-6117 Email: pkelleher@lfc.com
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