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RETAIL BUSINESS PROPERTY FOR SALE!

CURRENTLY WASH TUB LAUNDROMAT
Auction #169104
Description

THIS PROPERTY, LOCATED SOUTH OF CHICAGO, IS A SINGLE-TENANT, SINGLE STORY RETAIL BUILDING THAT IS CURRENTLY BEING USED AS A LAUNDROMAT.  PROPERTY TO BE OFFERED WITH THE CONTENTS.

Ended Fri, Jan, 22nd 11:59 PM America/Chicago

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Description

RETAIL BUSINESS PROPERTY FOR SALE!

CURRENTLY WASH TUB LAUNDROMAT

10940 S. MICHIGAN RD.

CHICAGO, IL 60628

ACCEPTING ENTIRETY OFFERS NOW!!!

 

THIS PROPERTY, LOCATED SOUTH OF CHICAGO, IS A SINGLE-TENANT, SINGLE STORY RETAIL BUILDING THAT IS CURRENTLY BEING USED AS A LAUNDROMAT.  PROPERTY TO BE OFFERED WITH OR CONTENTS.

 

 

PROPERTY INFORMATION

 

TOTAL ACERAGE: 0.42 (18,447 SQ/FT)

BUILDINGS: 1

CITY: CHICAGO

COUNTY: COOK

 

 

PIN #’S / TAXES

25-15-317-030 / $541.45 SEMI ANNUALY

25-15-317-033 / $371.00 SEMI ANNUALY

25-15-317-038 / $7,148.56 SEMI ANNUALY

25-15-317-039 / $526.03 SEMI ANNUALY

TOTAL SEMI-ANNUAL TAXES: $8,586.04 (These numbers were taken from the 2009 payable 2010 tax statements and are believed to be true.)

 

 

BUILDING  INFORMATION

 

DATE OF CONSTRUCTION: ORIGINALLY BUILT IN THE 1930’S AND RENOVATED IN 1996.

 

SIZE:  THE BUILDING SIZE IS 7,353 SQ/FT

 

UTILITIES:  SEWER, WATER, TELEPHONE, ELECTRICITY AND NATURAL GAS ARE AVAILABLE TO THE SUBJECT SITE.

 

WATER: MUNICIPALITY

 

SEWAGE: MUNICIPALITY

 

ELECTRIC: COMMONWEALTH EDISON (240 V) (3 PHASE AND SINGLE PHASE)

GAS: PEOPLES GAS

 

HEAT: THE PROPERTY IS HEATED BY FORCED AIR

 

AIR CONDITIONING: THE PROPERTY IS COOLED USING 4 A/C UNITS, TO INCLUDE 2 ON THE NORTH AND 2 ON THE SOUTH END.

 

BUILDING FRONT: THE BUILDING FRONT IS CURRENTLY USED FOR A LAUNDROMAT.  IT HAS ACCESS WALLS TO GET BEHIND ALL OF THE DRYERS AND WASHERS.  CERAMIC FLOOR TILES COVER THE ENTIRE FRONT PART OF THE BUILDING.  A WALL OF WINDOWS COVERS THE FRONT EXTERIOR.  + 4000 S/F.  THE BUILDING CURRENTLY CONTAINS APPROXIMATELY 50 WASHERS AND 59 DRYERS.  THE BUILDING MY BE SOLD WITH OR WITHOUT CONTENTS.

 

OFFICE DESCRIPTION: THERE ARE 3 PRIVATE OFFICES THAT ARE SET AT THE REAR OF THE BUILDING BETWEEN THE WAREHOUSE AND FRONT AREA.  ONE OF THE OFFICES HAS A RESTROOM.  THE OFFICES HAVE A SEPARATE A/C FROM THE FRONT OF THE BUILDING

 

WAREHOUSE: THE WAREHOUSE IS SET AT THE BACK OF THE BUILDING.  IT IS ROUGHLY 2800 S/F.  IT HAS A CONCRETE SLAB FLOOR AND A REAR GARAGE DOOR.

 

FOUNDATION: REINFORCED POURED CONCRETE SLAB FOUNDATION

 

FLOORING: REINFORCED POURED CONCRETE

 

EXTERIOR: MASONRY AND FIXED GLASS IN METAL FRAMES, TRUSS ROOF

 

ROOF: BUILT UP BARREL ROOF

 

FRONTAGE: 140 FEET ALONG THE WEST SIDE OF S MICHIGAN AVE

 

LIGHTING: FLORESCENT LIGHT FIXTURES

 

CEILING: ACOUSTIC TILE

 

FLOOR FINISH: CERAMIC TILE AND CONCRETE SLAB

 

RESTROOMS: 2 (ONE FOR UP FRONT PUBLIC USE AND ONE IN BACK OFFICE

 

SECURITY: REAR OFFICES AND WAREHOUSE HAVE ALARM. CAMERA SYSTEM FOR INSIDE AS WELL AS OUTSIDE LOTS.

 

LAND TO BUILDING RATIO: 2.5 TO 1

 

FLOOD ZONE: ZONE X-DESIGNATED AS AN AREA OF MINIMAL FLOODING.

 

ZONING: B3-2, COMMUNITY SHOPPING DISTRICT

 

PARKING: PAVED PARKING LOTS ON THE NORTH AND SOUTH SIDE OF THE BUILDING

 

LOCATION: CHICAGO CENTRAL BUSINESS DISTRICT IS WITHIN 13 MILES

 

TERMS

PROPERTY SELLS “AS IS”.  A $10,000.00 NON-REFUNDABLE EARNEST MONEY DEPOSIT IN CASH OR CASHIER’S CHECK ON DAY OF SALE, WITH BALANCE TO 10% OF TOTAL PURCHASE PRICE DUE WITHIN THREE DAYS AFTER SELLER APPROVAL.   THERE WILL BE A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL PURCHASE PRICE TO DETERMINE THE TOTAL PURCHASE PRICE PAID.  CLOSING IS TO TAKE PLACE IN 30 DAYS. DOWNLOAD FULL TERMS OF SALE FROM THE "DOCUMENTS" BOX ABOVE.

 

FOR MORE INFORMATION

CONTACT JAMES BEDNAR AT 312.805.1809.

 

AUCTIONEER

JAMES BEDNAR, LICENSE 441.001713, 476.436866

Marketing

Bednar Auctions

Terms

PROPERTY SELLS “AS IS”.  A $10,000.00 NON-REFUNDABLE EARNEST MONEY DEPOSIT IN CASH OR CASHIER’S CHECK ON DAY OF SALE, WITH BALANCE TO 10% OF TOTAL PURCHASE PRICE DUE WITHIN THREE DAYS AFTER SELLER APPROVAL.   THERE WILL BE A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINAL PURCHASE PRICE TO DETERMINE THE TOTAL PURCHASE PRICE PAID.  CLOSING IS TO TAKE PLACE IN 30 DAYS.