Village Seeks to Auction, Rehab 57 Acres

BENSENVILLE, IL-The Village of Bensenville is auctioning off approximately 57 acres of land to spur redevelopment. Nine village-owned properties will be sold on two auction dates, including a more than 50-acre former golf course. Inland Real Estate Auctions Inc., based in Oak Brook, will auction the properties on April 23 and May 23. Village officials did not respond to requests to be interviewed.

The properties are expected to “attract national investors and motivate local developers. However, it is challenging to reach all the buyers at once, and even more challenging to meet certain timing goals,” village president John Geils says in a released statement. Village officials hope that bidders will speak with officials of their plans before the auction. The village is obligated to take the highest bid; however, the village will have to approve site plans and, in some instances, special uses and rezoning requests, says Frank Diliberto, president and CEO of the Inland company.