Hilco Real Estate, LLC announces April 25, 2018 as the Auction Date for the sale of a 22,560 SF warehouse constructed in 2007 within a 60-building industrial park in Frankfort, IL.
The property sits on 1.22 acres and consists of a one and a half story structure with a surrounding 38-space surface parking lot. The building includes a ground level office area, featuring a reception area, restrooms, kitchenette and professionally-finished executive offices. The second level (mezzanine) offers a tasteful conference room, office space, general storage and structured plumbing for additional restrooms. Approximately 20,000 SF of the building is dedicated to open bay warehouse space. With 18’ clear heights, portions of reinforced flooring, one drive-in door, one exterior recessed dock and heavy power, the site is well-suited for a variety of end users/operators. As an owner-occupied structure, the property is in excellent condition for a new buyer.
Located in Frankfort, Illinois, just 37 miles southwest of Chicago, the property is surrounded by convenient transportation including, Interstate 57, 80 and 355 as well as Illinois State Routes 45 and 30. The Metra commuter train is close by, providing access to the Chicago Loop and all stops in between. In addition, both O'Hare International and Midway Airports are less than an hour away and the small commuter airport, The Frankfort Airport, is located directly north of the property.
In 2014, Chicago Magazine named Frankfort one of the top places to live in Illinois. The city was also named one of the top ten communities for Illinois families and voted one of the top 12 safest communities in the state in 2016. With such accolades, Frankfort’s rapid growth in recent years has led to commercial and industrial developments with the city’s Chamber of Commerce in full support. The Village of Frankfort offers various incentives for new construction, business attraction and expansion activity within its industrial districts. Being a part of Will County, this property is exposed to a multitude of business incentives, some of which may be available to certain future uses. The Chicago Southland Chamber of Commerce offers resources and programs for supporting local businesses and encouraging a thriving business climate in the area.
Due to the Village’s high development standards, the quality of the city’s housing stock and commercial buildings is higher than that in many nearby communities. As a result, home values have increased, and the area has attracted a strong middle to upper middle-income population. As such, the city of Frankfort is considered to be a stable, long-term location. Having formed a charming town center amid a picturesque small-town setting, residents, visitors, employers and employees alike feel the sense of community in the prosperous city of Frankfort.
Jeff Azuse, Senior Vice President with Hilco Real Estate said, “Frankfort and Will County have strong economic and communal foundations, with a rising population and labor force, offering an ideal atmosphere for growing industries. This sale offers a compelling opportunity that any practical investor or discerning user will want to take advantage of.”
The sealed bid deadline is scheduled for Wednesday, April 25, 2018; however, bids prior to the deadline are encouraged. Bids must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CT) on the day of the deadline to be considered. Interested buyers can submit their bids via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to firstname.lastname@example.org.
For further information on the property, an explanation of the sale process and Terms of Sale, and to obtain access to the Virtual Deal Room containing all the property due diligence, please visit HilcoRealEstate.com or reach out to (855) 755-2300.
For more information about this or other properties available for sale, please visit HilcoRealEstate.com.
About Hilco Real Estate
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.