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Inland Sets March 13 Auction For Chicagoland, IN Properties

CHICAGO - Inland Real Estate Brokerage & Auctions will auction off retail, car wash, office, business, mixed-use, nursing home and restaurant properties in Chicagoland and Northwest Indiana next month.

By Chip Barnett | Updated on February 06, 2013

   CHICAGO – Inland Real Estate Brokerage & Auctions Inc. has set Wednesday, March 13, for its auction of retail, car wash, office, business, mixed-use, nursing home and restaurant properties in Chicagoland and Northwest Indiana.

   The auction will be held in Lombard, IL, and in real time on the internet.    “This auction event reflects the increased activity we’re seeing across all property types, specifically operating business properties, as banks and other types of owners divest real estate assets,” Inland President Paul Rogers says in a press release.     Properties up for bid include: –A 189-bed, 42,300-square-foot intermediate long term care, located at 5107 W. Jackson Blvd. in West Chicago. The offering at the minimum bid of $1,950,000 represents a 20%+ CAP rate. –An 8,337 fully renovated art deco office condo located at 211 W. Wacker Dr. in Chicago. –An 11,416 SF full service, turn-key restaurant and banquet facility with FF&E in Villa Park. –An operating car wash facility; a turn-key business opportunity that includes business, equipment and real estate in Hanover Park.    The auction includes additional properties and interested bidders should call  (630) 990-8400 to obtain the complete catalog. Information packages and terms of sale are available for each property.    The auction event will take place in Lombard at 7 p.m., CST, at the Embassy Suites, 707 E. Butterfield Rd.    Web simulcast bidding also will be available at  www.inland-auctions.com for preregistered bidders.

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