5,915±SF Former Bank Branch on .14± Acre in Chicago, IL (Cook County)

 

Absolute Auctions

3,535 sf Former Bank Branch on  1.26+- Acre

5,915 sf Former Bank Branch on 6,283 sf Lot  

Terms:  Bank Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by November 22nd, 2010.

 

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see website for details

 

NOTE SBIF Grant Money May be availablke to Qualified Purchasers of this asset! See website link to SBIF info at

http://www.somercor.com/sbif/

Property Info from 2/19/10 appraisal, 9/8/09 Phase 1 ESA, 6/9/09 title policy

 

Zoned B-1-1 Neighborhood Shopping (B-3-1 Community Shopping per survey). Built ca. 1963. There is rear alley access to the building. The Site is identified as Parcel Identification number 13-20-432-041-0000. The building is heated and cooled by electricity provided by Commonwealth Edison and connected to the municipal water and sewer systems provided by the City of Chicago. The Site is connected to the City of Chicago sanitary sewer system.

 

LOT 11 AND LOT 12 IN GORSKI'S RESUBDIVISION OF LOT 94 AND THE VACATED ALLEY LYING

EAST OF AND ADJOINING SAID LOT 94

The 12” x 12” beige floor tile and mastic in the east storage room and server room were found to contain 1-5% Chrysotile asbestos in a 3/15/08 Asbestos Survey Report. The Phase 1 assessment revealed no evidence of RECs in connection with the Site with the exception of two USTs permitted for the Site in 1949. Because there is no removal documentation, it is

possible that the USTs may exist at the Site; however, the tanks may be located beneath

the current Site building. 

Questions? Visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565

 

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA   30339

770-980-9565

 

Auctions conducted in cooperation with:

Schrader Real Estate & Auction Company, Inc

Rex D. Schrader #475.091834; #441.000252