Event #256-18
Bidding Format: Sealed Bid
3135 N. Wilke Road
Arlington Heights, IL 60004
Cook County View Map
Commercial Property
 
APN/Tax ID: 03-07-100-019-1024
APN/Tax ID: 03-07-100-019-1024
BID DEADLINE
15 Dec 5:00 pm CST
Minimum Bid
US $138,000
Suggested Value: US $240,300
Required bid deposit: US $1,000
+ ADD TO WATCH LIST
BID NOW
APN/Tax ID: 03-07-100-019-1024

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 (Building 3135), consists of ±2,670 square feet of rentable/usable area.

  • Individually controlled HVAC
  • Work-out area on-site
  • Common area conference room
  • Easy access to Rt. 53
  • 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

    Auction Information Property Information Title and Escrow Vault

    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 2:00 PM 2:00 PM

    Financing

    Union National Bank

      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.)
  • 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.

    BID DEADLINE
    15 Dec 5:00 pm CST
    Minimum Bid
    US $138,000
    Suggested Value: US $240,300
    Required bid deposit: US $1,000
    BID NOW pop
    d
    h
    m
    s
    Auction ended.
    Bidding Questions or Assistance?
    Auction Manager
    Patrick Kelleher
    LFC Marketing Services
    Phone: (949) 706-6117 Email: pkelleher@lfc.com
    pop

    How to Buy

    • 1
      Setup a free user account

      Free registration with no obligation. Your account provides access to additional information and documents, as well as email updates.

    • 2
      Search & Select

      Our website features different assets - Real Estate and REIT shares. Utilize our advanced search criteria to narrow down your selection.

    • 3
      Review Information

      Access property information to make better-informed decisions. Available information varies depending on each real estate asset type.

    • 4
      Submit Deposit (if required)

      Prior to placing a bid or tender offer, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.

    • 5
      Place Online Bid or Tender Offer

      Place bids/offers on your selected asset prior to the deadline. Specifics vary for each asset.

    • 6
      Winner is Declared

      Buyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.