Exceptional Industrial Property Available for Purchase
Hilco Real Estate Sales is excited to announce a unique opportunity for investors and businesses to acquire an exceptional industrial property. This site, located along Willard Ave., spans approximately 11.37 acres and is well-equipped for a wide variety of industrial applications. The bid deadline is set for April 15, providing a limited window to secure this prime asset.
Property Features and Layout
The property previously operated as an auto parts supplier, having maintained its structures meticulously until its operations ceased at the end of 2024. The site features a remarkable combination of outdoor storage and versatile facilities, including two expansive outdoor storage lots over 8 acres and two laydown yards totaling 1.21 acres. Notable buildings on the site comprise a 17,000 square foot repair and warehouse facility, two additional warehouses totaling 19,000 square feet with impressive clear heights, and a 9,000 square foot office/flex building.
Facilities for Diverse Industrial Needs
With eighteen drive-in doors ranging from 12 to 14 feet high and ceiling heights between 14 and 20 feet, the facilities offer flexibility adapted for various business needs, whether it’s for storage, repairs, or administrative functions. The site can be leased or purchased in its entirety or in parts, accommodating the scalable needs of industrial operations.
Strategic Location Advantages
Located in a promising industrial corridor, the property benefits from unparalleled accessibility to major highways, including Interstate 90 and Route 20. This prime positioning ensures smooth connectivity to key supply chains and transit networks, crucial for businesses relying on the swift movement of goods to and from the Chicago metropolitan area.
Access to Major Airports
The site’s location is complemented by its proximity to several major airports, including O'Hare International Airport and Chicago Executive Airport, both within 25 miles, enhancing its logistical advantages for companies needing extensive shipping capabilities. Furthermore, the nearby Chicago Rockford International Airport houses major distribution facilities, which enhances connectivity to global freight options.
Growth in the Elgin Area
Elgin has been recognized as one of the fastest-growing cities in the region, a trend supported by recent expansions in local infrastructure. The city's commitment to enhancing its transportation system, including upgrades to U.S. Route 20 and improved traffic management, exemplifies its progressive urban planning approaches. This dynamic growth offers significant potential for the businesses that establish themselves in this area.
Market Demand for Industrial Space
Chet Evans, vice president at Hilco Real Estate Sales, recognizes the tightening supply of industrial space with storage capacity amidst Elgin's rapid growth. Businesses looking for a site where they can efficiently operate and store their equipment, or where they can manage logistics, will find this property particularly appealing.
Immediate Opportunities for Buyers
This opportunity stands out not only for the real estate itself but also for the robust inventory on-site, which is currently being liquidated. Buyers can choose to purchase remaining automotive parts, vehicles, and equipment that facilitate a quick transition, creating an appealing situation for those needing a turnkey solution.
Contact Information and Next Steps
Interested parties must submit their bids by April 15 at 5:00 PM (CT) through the specified Letter of Intent document available on Hilco Real Estate Sales' platform. For further inquiries regarding this property or other real estate opportunities, reach out to Chet Evans at (847) 436-7321 or Henry Nash at (847) 313-4796.
Frequently Asked Questions
What are the key features of the industrial site?
The site features approximately 11.37 acres, multiple industrial buildings, and extensive outdoor storage, providing versatility for various uses.
When is the bid deadline for the property?
Bids must be submitted by April 15 at 5:00 PM (CT).
How is the property accessed?
The property is conveniently located near major highways and airports, enhancing logistical capabilities for businesses.
What types of structures are on the property?
It includes a repair and warehouse facility, additional warehouses, and a flex office building with significant storage options.
Who can I contact for more information?
Contact Chet Evans at (847) 436-7321 or Henry Nash at (847) 313-4796 for any inquiries regarding the property.
