First Midwest Bank - Year-End Closeout Auction

Online bidding on this auction starts Thu, Nov 29
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You can enter a new proxy bid at any time by entering a bid greater than your current high bid.
A proxy bid would make it more difficult for others to outbid you.

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In response to other bids, the auction system will automatically increase your bid in the smallest increment possible (up to your proxy bid amount) in order to maintain your lead position.

To get a proxy bid you simply enter the maximum amount you are willing to pay into the bid form just as you would any other bid. If your bid is more than one bidding increment above the current high bid you will get a proxy bid unless another bidder has a proxy bid in place that is higher than the amount you enter.

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Note: After watching hundreds of auctions and talking to thousands of bidders, we think using proxy bids in your bidding strategy works best for most people. It eliminates some of the pressure and reduces the risk of "sniping", where other bidders slip in slightly higher bids in the last seconds of bidding.

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Extended Bidding: i
Property Location: 2385 Esplanade Drive, Algonquin, IL 60102
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Property Description:

ONLINE-ONLY AUCTION

PRIME 4 ACRE DEVELOPMENT SITE ALONG RANDALL ROAD
ALGONQUIN, IL

OPENING BID: $150,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

Property Highlights
  • Adjacent to popular Algonquin Commons shopping center
  • Sizable development opportunity
  • Strong 1-mi demographics (HHI: $120K; Pop. Growth 3.7%)
  • Neighboring national tenants: Dick’s Sporting Goods, Target, Trader Joe’s, Walmart Supercenter



Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

PRIME 3.5 ACRE DEVELOPMENT SITE ALONG RANDALL ROAD
ALGONQUIN, IL

OPENING BID: $100,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

Property Highlights
  • Adjacent to popular Algonquin Commons shopping center
  • Variety of potential future uses
  • Strong 1-mi demographics (HHI: $120K; Pop. Growth 3.7%)
  • Neighboring national tenants: Art Van Furniture, Bowlero, Hobby Lobby, Nordstrom Rack, Old Navy, Ross



Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

PRIVATE 0.5 ACRE WOODED LOT
BOLINGBROOK, IL

OPENING BID: $25,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

Property Highlights
  • Private wooded lot within River Woods subdivision
  • Lot dimensions: 97X230X91X280
  • Nearby amenities include walking paths, parks, fishing, playgrounds, baseball fields & basketball courts
  • $422,500 median home value within subdivision (2017)
  • Set along the DuPage River, near Boughton Rd & Bolingbrook Rd intersection,/li>


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

INCOME-PRODUCING OFFICE BUILDING
EAST MOLINE, IL

OPENING BID: $500,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

ON-SITE INSPECTIONS: By Appointment Only



Property Highlights

  • Income-producing medical-office building
  • Institutional lease with GSA (Veterans Administration)
  • Well-maintained building constructed in 1999
  • Located along strong commercial corridor
  • Significant value-add/lease-up opportunity



Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

WELL-MAINTAINED INDUSTRIAL BUILDING
JOLIET, IL

OPENING BID: $110,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

ON-SITE INSPECTIONS: 11/7 & 11/14 | 12:00 p.m. - 2:00 p.m.



Property Highlights

  • Well-maintained industrial building near the heart of Downtown Joliet
  • Features professional reception area & 900 SF garage
  • Approximately 1.5 miles north of I-80
  • Easy access to Route 30 & Route 6
  • Ideal for small/local business looking to own


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

PREMIUM RESIDENTIAL SUBDIVISION
LAKEWOOD, IL

OPENING BID: $25,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

GUARANTEED TO SELL AT OR ABOVE!



Property Highlights

  • 37 premium single-family lots set along Kishwaukee River
  • 14.92 acres approved for Phase II of Cambria Subdivision
  • Parcel located at northwest corner of Haligus Road & Woodbine Lane
  • Stable 3-mi demographics (HHI $98K; Pop. Growth .15%)


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

2.8± AC COMMERCIAL DEVELOPMENT SITE
LOCKPORT, IL

OPENING BID: $25,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

GUARANTEED TO SELL AT OR ABOVE!



Property Highlights

  • Ideal for retail neighborhood retail center
  • All utilities available to site
  • Strong 1-mi demographics (HHI $95K; Pop. Growth 1.21%)
  • Located by main entrance to Lago Vista & Pine Valley subdivisions



Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

Extended Bidding: i
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Property Description:

UNDER CONTRACT
 

WELL-MAINTAINED OFFICE BUILDING
MATTESON, IL

OPENING BID: $60,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

Property Highlights

  • Set along busy Route 30 (22,400 VPD)
  • Exceptional visibility & access
  • 0.5 miles east of the entrance to I-57
  • Ideal for reuse or redevelopment
  • Surrounded by a good mix of local & national retail tenants, car dealerships, and residential developments


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

SIZABLE HIGHWAY DEVELOPMENT SITES 
MONEE, IL

OPENING BID: $70,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT


Property Highlights

  • Lot 5: 3.10 AC; Lot 6: 3.09 AC
  • Excellent visibility along busy Governor's Highway
  • Easy access to I-57 less than 1.5 miles from site
  • Sizable development parcel with a variety of future uses


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

UNDER CONTRACT

OFFICE CONDO W/ HIGH-SPEED INFRASTRUCTURE
OAK FOREST, IL

OPENING BID: $50,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

Property Highlights

  • Units 3 & 4 comprise entire floor
  • Elevator building equipped with fiber optic infrastructure
  • Conveniently located near major highways, I-57, I-80, I-294
  • Walking distance to Metra commuter train & Pace bus stop
  • Large pylon signage available


Hilco Real Estate, LLC in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

CORPORATE OFFICE FACILITY ON 65 ACRES
MICHIGAN CITY, IN

OPENING BID: $500,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

ON-SITE INSPECTIONS: 11/8 & 11/15 | 2:00 p.m. - 4:00 p.m.

 

Property Highlights

  • Class A turnkey corporate campus/HQ facility
  • 19 offices, 3 conference rooms, kitchen/break room & open work areas
  • 2 climate-controlled server rooms with CAT 5 lines throughout
  • Low Indiana taxes (2018): $43,947
  • 65 acres of additional development land for future expansion



Hilco Real Estate, LLC in cooperation with Steven Mathis, IN Broker, Lic. #RB15000976.

Extended Bidding: i
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Property Description:

ONLINE-ONLY AUCTION

LUXURY LAKEFRONT HOME
NEW BUFFALO, MI

OPENING BID: $1,250,000

Bidding Begins: November 29 at 9:00 a.m. CT
Bidding Concludes: November 30 at 3:00 p.m. CT

GUARANTEED TO SELL AT OR ABOVE!
ON-SITE INSPECTIONS: 11/10 & 11/24 | 10:00 a.m. - 12:00 p.m.



Property Highlights

  • Spectacular 3,900 SF, 4 bed, 5 full, 2 half bath home set over three levels
  • Huge wraparound patio offering pool & panoramic views
  • 60 feet of Lake Michigan frontage
  • Within Village of Grand Beach, offering lake access, golf, tennis & more


Hilco Real Estate, LLC in cooperation with Aaron Eichenberg, Northstar Commercial, MI Broker, Lic. #6501359351.

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