REAL ESTATE AUCTION

490,000 sq. ft. BUILDING IN STERLING, IL

Approximate Replacement Value $24 MILLION to be sold to the highest bidder subject to a MINIMUM BID OF $900,000.

On site Inspections: 11 a.m. to 1 pm, June 4, 9 & 17

Auction Date: June 23
Auction Location:
Hyatt Lisle
1400 Corporetum Drive
Lisle, IL 60532

Cashier’s Check Required to Bid: $100,000

View a video of the property

THE BUILDING:
- 19 Loading Docks
- 3 Floors, High Ceilings
- 2 City Blocks of Prkg
- Over 20,000 sq ft of Offices
- Roof Updated in 2008
- 490,000 sq ft Reinforced Concrete Bldg

THE LOCATION:
- Center of Town
- Potential Rail Access
- Access to East/West Rte 88 Superhwy

THE OPPORTUNITY:
- Annual R.E. tax bill of $7K
- $115K annual rental income on only 73,000 sq ft (Walmart + 3 other tenants)
- Multi-use options as warehouse, distribution center, manufacturing
- $2M City of Sterling improvements in progress
- City Park planned between building and river front
- Billions in federal “green energy” investment planned