Discover a Unique Industrial Complex Opportunity
Hilco Real Estate Sales has announced an exceptional chance for investors to acquire a substantial 11.37± AC parcel of light industrial land. Previously functioning as Elgin Super Auto Parts, this site is perfectly poised for future redevelopment or immediate use, following its operational cessation at the end of the previous year.
Ideal Location for a Range of Applications
The industrial complex sits conveniently along Willard Ave., featuring an optimal mix of structures tailored to various industrial activities. This includes over 8± AC of outdoor storage spaces and two laydown yards totaling 1.21± AC. The premises include a well-maintained 17,000± SF repair and warehouse facility, complimented by two more warehouses totaling 19,000± SF and a distinctive 9,000± SF office/flex building that includes a retail storefront. Such versatile real estate offers numerous operational advantages for a wide range of businesses.
Versatile Building Features
Businesses will appreciate the extensive features available, including eighteen drive-in doors with heights between 12 FT and 14 FT, along with ceiling clear heights ranging from 14 FT to 20 FT. This variety provides flexibility, enabling users to customize their space according to specific operational requirements.
Strategic Access to Major Thoroughfares
Situated in a flourishing industrial corridor, the complex benefits from excellent connectivity across major highways such as Interstate 90, Route 20, and East Chicago Street. These routes are essential for maintaining seamless logistics and distribution networks, ensuring that goods can be transported quickly and efficiently from the site.
Proximity to Major Airports
The location’s appeal is further enhanced by its proximity to a number of key airports. O'Hare International, Chicago Executive, and DuPage Airports are all within a 25-mile radius, while the Chicago Rockford International Airport—home to Amazon Air cargo operations—is about 50 miles away. This logistical advantage positions the complex as a prime strategic asset for any business reliant on air freight services.
High Demand for Industrial Land
As the demand for industrial space continues to climb within the region, especially for outdoor storage, this property represents a rare opportunity. Its grandfathered zoning approvals allow for a myriad of uses, including fleet and trailer parking or equipment storage. Given the shifting landscape of industrial real estate, this site provides a central location for operational needs and logistics management.
Elgin's Rapid Growth and Infrastructure Development
Elgin, known for its swift growth, has been recognized recently as one of the fastest-growing cities. The local government is actively investing in infrastructure improvements, which includes significant upgrades to vital roadways like U.S. Route 20. This investment ensures that the area continues to grow and meet the increasing needs of residents and businesses alike.
Insights from Industry Experts
Chet Evans, vice president at Hilco Real Estate Sales, emphasized, "As Elgin continues its rapid growth, industrial land with storage capabilities is becoming increasingly scarce. This sale provides an unparalleled opportunity to secure a high-value industrial site in a thriving market, with flexible options for potential buyers."
Additional Assets and Liquidation Opportunities
In addition to the property itself, inventory liquidation is currently underway through a collaboration with Ziff Capital & Levy Recovery. Buyers can take advantage of options to acquire remaining automotive parts and equipment alongside the property, facilitating an efficient transition for any interested parties.
How to Place Bids and Contact Information
Bids for this promising industrial opportunity must be received by the stated deadline, with all submissions handled via a Letter of Intent (LOI) available on the Hilco Real Estate Sales website. To learn more or to inquire further, potential buyers are encouraged to reach out directly to Chet Evans at (847) 436-7321 or Henry Nash at (847) 313-4796.
Frequently Asked Questions
What type of property is being sold?
This is an 11.37± AC light industrial complex with versatile structures for various uses.
What are the key features of the industrial complex?
The property includes multiple buildings, extensive outdoor storage, top clearance heights, and is located near major highways and airports.
When is the bidding deadline?
Bidding must be submitted by April 15 at 5:00 p.m. (CT).
Who can I contact for more information?
Contact Chet Evans at (847) 436-7321 or Henry Nash at (847) 313-4796 for inquiries.
Is there inventory available for purchase?
Yes, there is a range of automotive parts and equipment available for liquidation along with the property.
