Beschreibung
Lot#
10013-1010
Zustand
Gebraucht / Siehe Beschreibung
**Location & Address: Northeast corner of E. Rollins Road & IL Route 83 - common address: 800 E. Rollins Road, Round Lake Beach, IL 60073**
This asset will require a $5000 bid deposit. See attached form.
Property Overview:
Location: Northeast corner of E. Rollins Road and IL Route 83, Round Lake Beach, Illinois 60073
Parcel Number: 06-15-100-025
Land Area: 0.648 acres (28,227 square feet)
Zoning: C-3, General Business District
Current Use: Vacant land
Utilities Available: All public utilities
Traffic Count: 20,800 VPD along E. Rollins Road and 18,700 VPD along IL Route 83
Property Description:
This is an irregular-shaped, corner site with level topography. The property is surrounded by a commercial shopping center occupied by Pep Boys, Hobby Lobby, and Jewel Osco. Access to the subject property is through the surrounding commercial shopping center. The site has frontage on E. Rollins Road and IL Route 83 but no direct vehicular access drives.
Market Conditions:
The property is located within the Central Northwest Retail Submarket of Chicago, which has a vacancy rate of 4.6%. Rents in the area have increased by 1.3% in the past 12 months and are currently around $21.00/SF. The submarket has seen significant positive absorption and stable market conditions.
Highest and Best Use:
The highest and best use of the subject property is as an out-lot as part of the adjacent commercial shopping center. This use is supported by the surrounding commercial environment, zoning classification, and neighborhood demographics.
Verkäufer-Informationen
Verkäufer:
Artikelstandort:
Kontotyp:
Regierung
Bezahlung
Highest bid is subject to council approval at their next meeting. Payment/settlement would be scheduled within 30 days of council approval. Total Cost= Winning bid amount + GovDeals Admin Fee (5% of high bid) + Title Commitment: $550.00 + Title Update $75.00 + Escrow Closing fee $750.00 + CPL Coverage $75.00 + Recording fees. Optional fees/services available from title company: Title Insurance fee: $250.00, IL Policy fee: $3.00, Cost of Insurance $1,275 ($3.00 per thousand/sale price)
Besondere Anweisungen
Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' Lake County, IL makes no warranty, guaranty or representation of any kind, expressed or implied, as to the property offered for sale.