Industrial REO Auction
29,413 SF Industrial Condo & 4.47 Acres Development Land – Oswego, IL
Located within Highland Business Center, Rt. 30 and Mitchell Drive, Oswego, IL
Madison Hawk is pleased to offer this ideally located, industrial condominium and 4.47 acres of development land, situated within Highland Business Center just south of the intersection of Rt. 30 and Rt. 34 in Oswego, IL.
The parcels will be offered separately via an open outcry auction, which will be held on-site on December 2, 2014.
Parcel A: 1507-1513 Mitchell Drive
Parcel A consists of 29,413 square feet of space within two condominium units facing Route 30 in the business park. The combined units feature; tilt-up precast construction, 22’ of ceiling height, 46’ column spacing and three drive-in doors. The space was previously used as a sports training facility is nearly all of the square footage is open warehouse space, with approximately 1,000 square feet finished as a viewing area. Previously priced at $35/square foot or $1,029,000, this bank owned property will be sold subject to a Minimum Bid of $12.75/square foot or $375,000.
Parcel B: 4.47 Acres
Parcel B consists of 4.47 acres along Rt.30 between Mitchell Drive and Treasure Drive. The site offers excellent frontage and opportunities with its B-3 (Commercial and Wholesale) zoning. The property was previously listed at $1.32/square foot or $245,000 and will be sold subject to a Minimum Bid of just $0.26/square foot or $50,000.
BROKER PARTICIPATION INVITED – 3% Cooperating Broker Fee
November 11, 18 & 24
Please meet at the BACK entrance to 1513 Mitchell.
Property Sold Pre-Auction
1509-13 Mitchell Drive