SEALED BID DEADLINE: APRIL 25 OFFERING SUMMARY PROPERTY OVERVIEW Seller Price Guidance: $1,500,000 Lot Size: 1.22 Acres Year Built: Building Size: 2007 22,500 SF Zoning: I-1 (Limited Industrial) Market: Chicago MSA Built in 2007, this property consists of a 22,500 sq. ft. two-story industrial building set within a 60-building industrial park. The building includes a ground level office area, featuring a reception area, men's and women's restrooms, a kitchenette and professionally finished executive offices. The second level (mezzanine) includes office space, a refined conference room, roughed out plumbing for additional restrooms and general storage. Approximately 20,000 sq. ft. of the building are dedicated to open bay warehouse space. Two interior overhead doors separate the front and rear portions of the warehouse, providing further building functionality and optimization. With 18' clear heights, portions of reinforced flooring and heavy power, the property is well-suited for a variety of end users/ operators. PROPERTY HIGHLIGHTS Submarket: Taxes (2017): Joliet Submarket $35,304.68 Owner-occupied 22,500 SF industrial warehouse on a premium lot Warehouse ceiling heights 18' 1 Recessed dock door; 1 drive-in door Low Will County taxes Built in 2007 Electrical: 1200 amp Convenient access to Rt 30, Rt 45, I-57 and I-80 Strong area demographics (HH Income: $118,771; Pop Growth: 1.64%)
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AERIAL MAPS Frankfort Industrial Building 22749 Citation Road, Frankfort, IL
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DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population 2,205 66,921 335,663 Median age 43.5 38.6 39.2 Median age (male) 41.4 37.1 37.6 Median age (Female) 44.8 39.8 40.3 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 786 22,310 119,118 # of persons per HH 2.8 3.0 2.8 Average HH income $118,771 $103,598 $89,335 Average house value $344,043 $362,732 $319,373 * Demographic data derived from 2010 US Census
LOCAL INFORMATION & TERMS OF SALE LOCAL INFORMATION Founded in 1855, the Village of Frankfort is a premier community of 17,000 people that is well-located approximately 37 miles southwest of Downtown Chicago. Award-winning schools and exceptional residential, commercial and industrial developments have resulted in Frankfort's rapid growth in recent years. Frankfort was recently named one of the top places to live by Chicago Magazine in 2014. Then in 2016, Frankfort was praised as one of the top ten communities for Illinois families, and voted among the top 12 safest communities in Illinois. Frankfort has also gain a reputation as a strong economic hub that continues to attract prime commercial retailers, popular restaurants, and boutiques, including the following national brands: Kohl's, Home Depot, Bed Bath & Beyond, Office Depot, Staples, Mariano's Fresh Market, Francesca's Fortunato, Buffalo Wild Wings, Starbucks, Panera Bread, Emagine Entertainment and more. In addition, many national and regional industrial corporations call Frankfort home, including: BorgWarner, Pactiv, Therafin Corporation, Adhesive Systems (Royal Adhesives), Anderson Fittings (a member of the Marmon Group) and Swanson Tool among others. Residents, visitors, employers and employees alike feel a sense of community in the thriving Village of Frankfort - a great place to live, work and play. TERMS OF SALE SEALED BID DEADLINE: April 25-5:00 PM ON-SITE INSPECTIONS: March 22, April 12 & 19-10:00 AM Bids must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CT) on the day of the deadline to be considered. Interested buyers may submit their bids via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to. EARNEST MONEY DEPOSIT: A refundable deposit of $30,000 must accompany any bid in order to be eligible for consideration. Deposits may be submitted via wire transfer or certified/cashier's check. Wiring instructions are available for download at www.hilcorealestate.com. If you are not the winning bidder, your funds will be returned to you. DUE DILIGENCE INFORMATION: A Virtual Data Room has been set up and contains important due diligence information on the property. To gain access, buyers must register for an account at www.hilcorealestate.com. BUYER'S PREMIUM: A 6% Buyer s Premium will be added to the High Bid Price. BROKER PARTICIPATION INVITED: A co-op fee of 2% will be paid to the REALTOR /Broker whose registered buyer closes on the property offered as part of this sale.