Event #260-2
Bidding Format: Sealed Bid
3125 N. Wilke Road
Arlington Heights, IL 60004
Cook County View Map
Commercial Property
 
BID DEADLINE
16 Nov 5:00 pm CST
Minimum Bid
US $480,000
Required bid deposit: US $1,000
+ ADD TO WATCH LIST
BID NOW

Description

The online auction is for a six (6) unit multi-tenant office building located within the Enterprise Office Center in Arlington Heights, Illinois.

  • 88% Ownership in building (±1,281 SF unit sold in 2009)
  • Building ownership totals ±9,104 SF of rentable square footage
  • 14% occupied – current 2017 base rent of $16,140
  • Current tenants are long term tenants – both of whom have been at location for 10+ years
  • Floor plans of vacant units allow for flexible leasing and re-configuration
  • See “Master Rental” in Property Documents section below for unit breakdown
  • 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

    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.

    Financing

    Union National Bank

    Union National Bank was founded in 1904, and for many years has focused solely on commercial banking in the Chicagoland area. We serve the six-county area by providing direct contact to decision makers and a free Remote Deposit Capture Service. With loan officers that average over fifteen years experience each with us, you can expect a speedy and easy close for your transaction, whether it is a commercial real estate loan, line of credit for working capital, or an equipment loan. Our streamlined approach to banking simplifies the finance process and we can provide you with all your business banking needs.

    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
    16 Nov 5:00 pm CST
    Minimum Bid
    US $480,000
    Required bid deposit: US $1,000
    BID NOW pop
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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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      Winner is Declared

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