Two High - Profile Vacant Land Parcels in Chicago's Northwest Suburbs (To Be Sold Separately)
Parcel One - 10.91 Acres 2305 Pembroke Ave., Hoffman Estates, IL: approximately 1,600 ft. of adjacent frontage on I-90 (Northwest Tollway) with fabulous visibility to over 150,000 cars per day. Easy access via nearby Barrington Road.
Previously Valued in Excess of $2,000,000
Suggested Opening Bid $750,000
Auction Deadline: June 4, 2025
Parcel Two - Outlot Lot 4 Schaumburg, IL: .94 acres, immediately adjacent to the Hyatt Woodfield and currently used as additional surface parking for Perry's Steakhouse and Grille, City Works and the Hyatt. Situated between Golf Rd. and Walter Payton Dr. Encumbered with a substantial "No Build Area" which still allows for various potential uses.
Previously Valued Over $750,000
Suggested Opening Bid $75,000
Auction Deadline: June 4, 2025
40,000 Sq. Ft. Office Building, 380 E. Northwest Hwy., Des Plaines, IL
3-story, high visibility Professional/Medical/Office Building near downtown Des Plaines and Metro Station. 122 parking spaces. Approx. 55% occupied with 15 tenants. Newer upgrades include HVAC and elevator. Ideal for an investor who believes in a "return to office" trend and/or "user" who desires naming rights.
Replacement Value Well in Excess of $6,000,000
To be Sold Subject to a Minimum Bid of $1,550,000
On-site Inspections Noon to 2pm on May 14, May 20, May 28 and June 5 and by appointment.
Auction Deadline June 11, 2025
In conjunction with Cambridge Realty.
Hotel Property, 1701 J David Jones Parkway, Springfield, IL
Currently closed and in need of updating, this 2-story former Howard Johnson and most recently Motel 6 flagged hotel has 79 rooms with a large parking area and excess land situated on 8.61 acres. The property features a restaurant, meeting rooms, breakfast rooms, and an outside pool. Good visibility, and is the closest hotel to the Abraham Lincoln Capital Airport.
Previously Valued Well Over $2,000,000
Suggested Opening Bid $500,000
On-site Inspections 12:30pm to 2:30pm on August 23, September 6 and September 12, 2023.
Auction Deadline September 19, 2023
