Project Description

RECEIVERSHIP SALE

14 READY TO BUILD COMMERCIAL LOTS IN PRIME SHOPPING DISTRICT

Ranging from 0.7 to 20 acres – Total 57 acres

I-394 BETWEEN RICHTON RD. & STEGER RD – CRETE, ILLINOIS

BIDDING OPENS THURSDAY, JANUARY 25

The subject property consists of 57 acres of prime commercial development land in the heart of Crete. Located right off I-394, this property contains 14 lots that can be purchased in bulk or individually.  Less than an hour from Downtown Chicago. 5 detention lots are not included in the sale, in order to provide collective benefit to all owners.

The development land is anchored by Kohls & GoLo on the south and Culvers on the north. Sales tax share for the owner or developer if purchased in bulk.

Buyers can also take advantage of lower Will County taxes compared to other Chicagoland counties.

These 57 acres are ideal for commercial development, whether it be for a big-box store or a smaller establishment. There are 14 lots up for auction, fully engineered. Thanks to being located right off I-394 and less than an hour from Chicago, this property offers fantastic retail potential.  5 detention lots are not included in the sale, to provide collective benefit to all owners.

IMPORTANT AGENDA

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. Please keep in mind there are no financing contingencies in the contract, so please be sure to line up financing to meet closing requirements. Closings can occur within 45 days of the sale. Cashiers check of $15,000 per parcel 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.

Currently, Kohl’s & GoLo (not part of sale) are located at the south of the property, whereas Culver’s (not part of sale) is established on the north. There is also a McDonalds and Circle K/Shell Gas station right across the street.

The subject property consists of 57 acres of prime commercial development land in the heart of Crete. Located right off I-394, this property contains 14 lots that can be purchased in bulk or individually.  Less than an hour from Downtown Chicago.

In The Area

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