Absolute Auction of Former Bank Branch in Cicero, IL (Cook Co.)
Selling Absolute - No Minimums, No Reserves
Auction Location
Sold for $325,500
Sold for $325,500
ILLINOIS
Property # 701 - 5801 W Cermak Rd, Cicero (Cook County) IL 60804
Inspection: Thursday, September 18th & 25th at 11 AM CT
Sale Manager: Michael Fine 312-278-0600 ext. 101, michael@fineandcompany.com
Property Description: This former banking center is comprised of 2 parcels zoned C-1 (Neighborhood Commercial District) on the north and south sides of Cermak Road at South 58th Street. The parcels will sell together.
5801 West Cermak Road consists of an approximately 0.39± acre parcel of land with 134’ of frontage on Cermak and 125’ on South 58th Street, with 19 paved parking spaces, and an alley at the rear. It has a two story bank branch built in 1959 with a 7,290± SF footprint and basement. 2012 taxes for PIN 16-29-203-003-000 were $172,703.60
5800 West Cermak Road is a 0.4± acre parcel with 138’ of Cermak frontage, 125’ of South 58th frontage, and alley access at the rear. It has a 6 lane banking drive-thru built in 1976 and 15 paved parking spaces. 2012 taxes for PIN 16-20-428-024-000 were $39,943.87.
A November 3, 2010 ESA revealed no evidence of RECsin connection with the Site. Numerous other environmental tests have been performed on the site including mold and asbestos studies and remediations which are posted to our website.
Michael Fine, Fine & Company LLC, Licensed IL Broker 481011386
Terms: Bank Proof of Funds Required to Bid, 5% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close in 45 days.
For more information call (770) 980-9565 or email info@auctionEbid.com
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