RETAIL BUSINESS PROPERTY FOR SALE!
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.
CHICAGO,
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
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.