Retiring Owner Of Unitek Auto Directs Auction
Retail Mixed-Use on Busy Torrence Ave. Avenue
6,000+/- SF BUILDING ON 14,500+/- SF SITE
17111 Torrence Ave is a 14,475± square foot commercial site, zoned B3, General Business District, by the village of Lansing, Illinois. Primary improvement is a 1985-built, masonry constructed, one-story, single tenant, commercial retail and garage building containing an estimated 6,000± square feet of gross building area owner-occupied for the sale and installation of automotive audio and alarm systems.
The rear auto garage building area is serviced by an overhead door on its north elevation. Supporting site improvements included 12-on-site parking spaces and a curb-cut for vehicular ingress and egress. Situated on a major retail corridor which sees over 30,000 vehicles per day. Off of I-80, I-94 and I-294, which are major highways connecting to Chicago and surrounding suburbs.
Could you imagine 3 million consumers having the ability to access your location in 20 minutes? Imagine having a Village that will work with you to create a great business environment. A village that removes obstacles to enhance the health and growth of your business. Just 25 miles from Chicago, this property has that and more. A single tenant, 6,000 square foot building, built in 1985, can easily be reconfigured for a multi-tenant use.
With 12 parking spots, this property has been occupied for the last 35 years by a retail tenant in the business of selling and installing automotive products for 50 years. The owners have elected the auction process to expedite the sale. Bidders can name their price in exchange for a timely closing. The property’s close proximity to big-city amenities and a variety of shopping opportunities makes it an ideal retail hub. Tenants will find department stores, specialty shops, financial institutions, and grocery stores, along with many dining options here.
The Torrence Avenue shopping corridor features established businesses and national affiliates. Just off I-80 and I-94, you will find several smaller shopping areas that include service businesses, dry cleaners, restaurants, salons, bakeries, and smaller scale grocery stores. Torrence Avenue sees 30,926 cars per day directly in front of the property. The subject property is also strategically located directly north of I-94, I-80 and I-294, with daily combined traffic counts of 191,000.
Interested bidders should immediately request a Bidders Information Package by calling 708-361-2437. All bidders will have an opportunity to meet with or call a representative to discuss the property, review due diligence items, and ask questions.
CO-OP BROKER FEE IS 2%.
Cashiers check of $10,000 made out to Diliberto Real Estate Services Escrow is required to bid. The winning bidder shall increase earnest money to 7% of total purchase price within 5 days of seller acceptance.