Court-Ordered Sealed-Bid Auction of Real Estate and all Property Subject to the Lender's Security Interest
Partially Completed, Being Sold as/is Cannabis/Craft Grow Facility
740 Schneider Drive, South Elgin, IL
40,000 sq. ft. industrial/manufacturing one-story building with 19'6" ceilings, three loading docks, all on a 2.42 acre site, zoned M-2, South Elgin- previously zoned for a craft grow facility by the village of South Elgin. Ideal location for distribution to local dispensaries or other possible uses.
Previously Listed at $9,800,000
To Be Sold to the Highest Bidder Subject to a Minimum Bid of $2,100,000* and Court Approval.
*Subject to the Court-approved Terms of Sale and a 7.5% Buyers Premium.
On-site Inspections from 2:30 p.m. to 4:30 p.m. on July 20, 2026 and August 6, 2026 and by Appointment.
Sealed Bid Auction Deadline: August 11, 2026
Click here for Procedures, Terms and Conditions of Court Ordered Sealed Bid Auction:
Real Estate Auction August 12, 2026
110 E. Delaware Place, Unit 101, Ground-Floor Commercial Condo in Chicago's Gold Coast
A currently vacant 3,385 sq. ft. retail space immediately adjacent to the Four Seasons Hotel and just steps from luxury retailers like Chanel, Hermes, Prada, Tom Ford, Cartier, Balenciaga, Aritzia, Bloomingdale's, and more. Existing high-end custom buildout, 16' ceiling heights, and 55 feet of frontage. Zoned DX-12 for a variety of uses.
Replacement Value Well in Excess of $5,000,000
Suggested Opening Bid $2,850,000
On-site inspections 10 am to noon on July 23, July 29, and August 6, 2026 and by appointment.
Auction Deadline: August 12, 2026