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Parcel:
33,700 sq. ft.
251' x 134.28'

Location:
1000 South Michigan Avenue
Chicago, IL

Previously Priced up to: $33,000,000
Purchased in 2005: $28,800,000*
Approx. Outstanding Bank Debt (5-19-2010): $25,280,250
March 2009 Appraisal: $24,600,000
Suggested Opening Bid: $9,000,000

Auctioneer's Note: This parcel is for an investor or developer who has the insight and resources to capitalize on a "jewel" of an opportunity. A tremendous place to park cash and be uniquely positioned for the next up cycle!

Auction Date: July 27, 2010
Auction Time:  1 p.m.  Registration begins at noon
Auction Location:  Intercontinental Chicago O’Hare Hotel, 5300 North River Road, Rosemont, Illinois.
Cashier’s Check Required to Bid:  $250,000

* See full purchase history in bidder information packet. A complete Bidder’s Information Package is available for a fee of $75 plus $25 for shipping and handling.