OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Brokerage & Auctions, Inc. announced today its March 13 auction event in Lombard, Ill. set to feature a mix of retail, car wash, office, business, mixed-use, nursing home and restaurant properties located throughout Chicagoland and Northwest Indiana.
“This auction event reflects the increased activity we’re seeing across all property types, specifically operating business properties, as banks and other types of owners divest real estate assets,” said Paul Rogers, president of Inland Real Estate Brokerage & Auctions, Inc. “The mix of properties present an excellent buying opportunity for business owners/operators, retailers and investors.”
A few properties included are:
- A 189-bed, 42,300-square-foot intermediate long term care, located at 5107 W. Jackson Blvd. in West Chicago. The offering at the minimum bid of $1,950,000 represents a 20%+ CAP rate.
- An 8,337-square-foot -fully renovated art deco office condo located at 211 W. Wacker Dr. in Chicago.
- An 11,416-square-foot full service, turn-key restaurant and banquet facility with FF&E in Villa Park.
- An operating car wash facility; turn-key business opportunity includes business, equipment and real estate in Hanover Park.
The auction includes many additional properties. Interested bidders should contact Inland Real Estate Brokerage & Auctions, Inc. at (630) 990-8400 to obtain the complete auction catalog. Bidder’s Information Packages and Terms of Sale are available for each property.
The auction event will take place at 7 p.m. CST at the Embassy Suites, located at 707 E. Butterfield Rd., Lombard, Ill. Web simulcast bidding also will be available at www.inland-auctions.com for preregistered bidders.
About Inland Real Estate Brokerage & Auctions, Inc.
Inland Real Estate Brokerage & Auctions, Inc. specializes in providing auctions, accelerated marketing, receivership and asset management services across the nation, and is a leading real estate investment brokerage and advisory firm servicing the Great Lakes region. As part of The Inland Real Estate Group of Companies, Inc., Inland Real Estate Brokerage & Auctions, Inc. brings unique depth, experience and resources to the real estate sales and advisory industry.