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Sold Properties
The following are properties which have been sold by the principals and associates of DK Realty Partners. For additional information, please call or e-mail the contact listed with each property.
1120 Atlantic Drive, West Chicago, IL
14,200sf free-standing industrial/warehouse building with room to expand approximately 6,000 sf! Floor Drain with Triple-Trap Basin, Concrete Mezzanine over the office area for added storage. 18 FT - 20 FT Clear Ceiling Height. 1.08 acres. Zoned Manufacturing.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
1090 Atlantic Drive, West Chicago, IL
Attractive well located 16,100 sq. ft. Industrial building in West Chicago located on Atlantic Drive, just west of Route 59 and north of Hawthorn Lane, in highly desirable DuPage County (low RE Tax). I-88 is located 10 minutes south at the Route 59 Interchange. Please contact Listing Broker for CA in order to receive Floor Plans, Real Estate Tax Bills, Survey, as well Roof Condition Report.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
1620 Colonial Parkway, Inverness, IL
5,700 sq. ft. 2-story (plus finished lower level) office building, containing an estimated 1,900 gross square feet each level. First floor includes front and side entrance (with handicap accessibility), 5-offices, 2-open work/reception areas (one with fireplace), second floor includes two separate 3-office suites, each with work/reception area (one has fireplace), lower level, connects to first floor by attractive landing and staircase, has 3-offices, full kitchen, and large open work area. There are restrooms located on each level, as well a shower in the lower level. 2018 Real Estate Taxes are $21,090.00. Monthly association fees are $1,070.00 and include; all exterior building maintenance and repairs, roof maintenance and repairs, gutter cleaning, landscape services, snow removal services, pond maintenance, exterior painting, parking lot maintenance and repairs, sidewalk maintenance and repairs, common outside electrical, building fire and hazard insurance, scavenger services, management fees, as well as attorney fees (RE Tax Protests)
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
970 Villa Street, Elgin, IL
Paul Demik of DK Realty Partners sold thus 3-Acre Retail and Secured Storage Site. Site includes 5000. Sq. ft retail building with income from storage building tenant. High Traffic location on busy retail location. Paul was the buyer's broker.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
2340 Millennium Drive, Elgin, IL
8,580 sq. ft. unit divisible as 5,003 sf. office area, and 3,573 sf.
warehouse area. Upgraded finishes throughout, large vestibule/reception
area, private offices, conference room, 2-storage areas, men's &
women's restrooms with showers, kitchen and eating area, and general
office area. L-shaped warehouse, 2-large drive in doors, and 18 foot
ceiling heights. 2-rooftop HVAC Units, fully sprinklered, and 225 AMP
electric service.
The property is leased to MacCarb, Inc., who has occupied since 6/1/15,
with lease expiration of 2/28/22. Tenant pays base rent, Real Estate Tax,
as well as the units proportionate share of Association Fees. Annual Net
Income is as follows:
3/1/17-2/28/18: $55,770.00, 3/1/18-2/28/19: $57,443.00 3/1/19-2/28/20:
$59,166.00 3/1/20-2/28/21: $60,941, and 3/1/21-2/28/22: $62,769.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
235 Industrial Drive, Hampshire, IL
Property consists of two metal buildings that total ±8,894 SF, were built in 1968 and 1998, sit on ±2 acres of land, and feature ±600 SF of office area, ±600 SF of mezzanine area, ±18' ceilings, 1 drive-in door, 210 volts of power, gas heating, and real estate taxes of $7,718.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
Bank Ordered Sale
1610 Colonial Parkway, Inverness, IL
Bank-ordered Sale of Office/Condominium Building, constructed in 1984 and significantly upgraded and remodeled in 2010. This is a two-story building with complete finished walk out lower level. Total size is reported to be 12, 397 sq. ft.. Previously owned and occupied by Society for the Preservation of Human Dignity, a Not for Profit group.The property is Zoned B-1, which allows permitted uses such as; animal hospitals, greenhouses, nurseries, professional office spaces, retail businesses, house of worship, etc. The first floor features a reception and waiting area, multiple private offices, and general offices. The second floor consists of private offices, executive work area, two executive offices (with fireplace), as well as an executive boardroom. The lower level features a conference room, storage areas, general offices, full kitchen,,large mail room, and three grade level entrances. Very attractive Park-like Setting.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
540 E. Algonquin Road, Des Plaines, IL
well-maintained, 3,200sf single-story cinder block and brick building on a 14,400sf lot (120' x 120'), accessible via two curb cuts off of Algonquin Road. Tenanted by AAMCO, a natonal leader in auto care. Interior recently remodeled to AAMCO's corporate specifications and includes a Customer Reception area, Shop Area with 17-foot ceilings, 3 drive-in doors/bays, floor drain/triple catch basin and bathroom, and Management Office. C3 zoning accommodates a variety of uses.
If you would like additional information on the property, contact Lew Kaplan at 847/397-8900 x220 or lkaplan@dkrealty.com
444 Lee Street, Des Plaines, IL
Class B office building in downtown Des Plaines. Walk to Metra Train Station.Covered parking garage on site.Grocery store, shops, and restaurants on siteSpaces built out to tenant's needs. 2,500 square foot office condo, former chiropractor office with 7 exam rooms, x-ray room, and reception area. Located in walking distance to the Metra station located across the street from McDonalds giving it terrific visibility and access. Abundant parking, priced to move bring offers.Located in downtown Des Plaines walking distance from Metra station, great demographics.
If you would like additional information on the property, contact Lew Kaplan at 847/397-8900 x220 or lkaplan@dkrealty.com
1619-1625 Weld Road, Elgin, IL
The Fox Valley Commercial Center consists of three light industrial building described as follows:
1619-1621 Weld: 9,144 sq. ft. building built in 1970, and containing approximately 2,773 sq. ft. finished office, and balance of 6,371 sq. ft. of shop area. Ceiling heights range from 16-18 feet clear, and includes one 14x14 foot overhead door and one 8x9 foot overhead door.
1623 Weld: 4,233 sq. ft. building, constructed in 2001, with approximately 760 sq. ft. office and balance of 3,473 sq. ft. of shop area. Ceiling heights are estimated at 18 feet clear, and there are 3-14x14 foot overhead doors.
1625 Weld: consists of a 19,119 sq. ft. multi-tenanted building currently divided into 7 rental units. Built in 2001, has 9-12 x 16 foot overhead doors, with shop area ceiling heights reported to be 23 foot clear. Each unit has it's own HVAC, electric and gas.
Ideally located on Weld Road just east of Randall Road with excellent exposure to Lake Street (Route 20) with a traffic count of 28,600 vehicles daily.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
BANK ORDERED SALE:
153-159 E. North Avenue, Northlake, IL
BANK ORDERED SALE of a 7 year attractive strip center, consisting of a total of 5,500 SF and is currently 75% occupied. Unit mix is as follows; 2,781 Sq. Ft. (double unit) leased to Veterinary Clinic, 1,350 Sq. Ft. leased to Dental Office, and 1 vacant unit @ 1,369 Sq. Ft. The property is attractive, well maintained, 7 years old, and the current NOI at 75% occupancy is $55,650.00. Income is calculated at current rent and additional tenant payments, and expenses are predicated on 2013 RE Tax, as well as budgeted expenses, for similar type properties. Contact Listing Broker for Confidentiality Agreement in order to obtain Property Information Package, which will contain Leases, Expenses, Survey, etc.
The property is located on the north side of the North Avenue Frontage Road, just west of Roy Drive. Access is excellent, with the property being located 1.25 miles east of I-294, as well as access to the Eisenhower Expressway, I-290 at its intersection with North Avenue.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
Bank Owned Laundromat
3664 W. 147th Street, Midlothian, IL
BANK OWNED, one-story retail building formerly utilized as a Coin Operated Laundromat. Existing equipment consists of 18-washers, 11-mega washers, 21-clothes dryers, as well as various other items such as soap dispensers, change machines, folding tables, etc. Private parking behind the property, as well as Public Parking Lot across 147th Street.
Property is located on the North side of 147th Street, in a Commercial Area, also surrounded by numerous residential apartment buildings.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
BANK ORDERED SALE:
38 West End, Unit 1A, Gilberts, IL
Property consists of a one, and part two-story industrial building, containing 11,970 sq. ft. on the first floor, plus 1,000 sq. ft. of additional office on the second story mezzanine level. First floor contains 10,710 sq. ft. of warehouse area, and 1,260 sq. ft. of finished office and kitchen area. Ceiling heights 23 foot clear in warehouse, and two drive in doors. Property is Zoned I-1, General Industrial District within the Village of Gilberts.
On the west side of West End Drive, just south of Route 72.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
Bank Order Immediate Sale
936 E. Chicago Street, Elgin, IL
The property consists of a mixed use commercial/industrial building, containing 33,497 total square feet. Currently divided into 3-units as follows; 2,737 sq. ft. leased to Islas Marias Restaurant, 8,491 sq. ft. vacant, and 22,269 sq. ft. leased to Singles Roofing. BANK OWNED and priced at under $27.00 per sq. ft., offering an astute investor tremendous upside and future use or income. Land site is 2.98 acres offering abundant parking and or outside storage. Contact listing Broker for further information.
The property enjoys an excellent location on the north side of E. Chicago Street, in the heart of Elgin's Auto Dealers Row, including; Hyundai, Jeep/Chrysler, Ford, Toyota, Mitsubishi, Mazda and Nissan.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
OFFICE SPACE FOR LEASE
611 E State Street, Geneva, IL
Attractive one-story professional office building, currently occupied by Law Firm, and Upscale Music School. Available Suite formerly occupied by a Podiatrist. Suites are located immediately off of the entrance, and shared common waiting area as well as common restrooms. Existing space can easily be used as a separate two office suite, and a single office unit, or can be combined for a three room suite. Adequate parking in the front, side and rear of building. Handicap Accessible. Ideally located on the East end of Geneva, providing easy access.
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If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
Sold at Real Estate-Auction
Farnsworth Corporate Center
1000 - 1050 Corporate Blvd., Aurora, IL
Great Location at I-88 and Farnsworth Avenue in Aurora, IL. Excellent Work Force Population in Surrounding Area. Zoned ORI (Office Research Light Industrial). Value-Add Opportunity! If you would like additional information on the property, call or e-mail Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
STREET RETAIL / OFFICE BUILDING LEASED
1006 W. Lake Street, Chicago, IL
Newer storefront/loft located in West Loop business district. Steps from Green line El Stop. 1,750 sq.ft., 14 ft. concrete ceilings. Leased entire building. First floor to one tenant and second and third floors to another tenant. Exposed duct work, 2.1 baths, storage, central air, heat and humidifier. Perfect destination spot for gallery, office, retail, studio. Outside parking spots. Upscale granite kitchen. Eclectic atmosphere. Highly visible location in desirable West Loop Corridor. For more information about the transaction, call or e-mail Rhonda rhonda@dkrealty.com or 847/397-8900 x222.
Bank Owned Property Sold
116 Westmore-Meyer Road, Lombard, IL
1,049sf. Three bedrooms. One bath. Large lot overlooking park and pond located in an area of many newer high-end homes. If you would like additional information on the property, call or e-mail Rhonda rhonda@dkrealty.com or 847/397-8900 x222..
LEASED: SINGLE-FAMILY RESIDENCE
1 DENALI COURT, BARRINGTON, IL
Light and Bright luxurious expanded 3,249 sq.ft. ranch including an 840 sq.ft. in-law or guest quarters with two loft areas and full bath. All hardwood. Gourmet kitchen with maple cabinetry, stainless appliances and granite. Vaulted ceilings. Fireplace. Second and third bedrooms with Jack/Jill bath. 2,400 sq.ft. part-finished lower level. Wonderful views overlooking wetland and pond. Close to Expressways. For more information about the transaction, call or e-mail Rhonda rhonda@dkrealty.com or 847/397-8900 x222.
BANK-OWNED RETAIL CENTER SOLD
1120 Main street, glendale heights, IL
BANK OWNED, modern one-story strip built in 2008. 50% Occupied by Edward Jones, Apple Dental, and Serenity Hair & Nails. Excellent upside with 4,569 sq. ft. left to lease. Built up membrane roof, and 5-HVAC Systems. Zoned C-2, Community Commercial District. BANK WILL CONSIDER FINANCING QUALIFIED PURCHASER. Contact listing Broker for further information.
Located on the west side of Main Street, just south of North Avenue (Route 64).
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
SINGLE-FAMILY RESIDENCE - Short sale
539 w. Brainard, LA Grange, IL
DK Realty Partners announces the sale of 539 W. Brainard, LaGrange, Spacious split-level. Living room with hug bay windows. Eat-in kitchen with lots of cabinets and counter space plus a formal dining room. Hardwood floors in all 3 bedrooms. Family room with brick fireplace and picture window to spacious back yard. Unique property. Blocks to Metra, shopping and downtown LaGrange. The property need major cosmetics but boasted a great location. Michael S. Milcarek of DK Realty Partners represented the seller in the sale. If you would like additional information on the property, call or e-mail Rhonda rhonda@dkrealty.com or 847/397-8900 x222.
SOLD: Bank-OWNED FORMer DEALERSHIP
27W261 & 27W301 W. North Avenue, West Chicago, IL
Zoned B-2, General Business Unincorporated West Chicago, IL. Annual Income of $11,000.00 (2011) from leased outdoor highway sign. Property is in excellent condition, with great visibility. 251 foot frontage on busy North Avenue. Traffic counts of 46,000 VPD on North Avenue & 21,000 VPD on County Farm Road
Property is an 8,800 sq. ft. one-story building, containing Showroom, Shop Area, offices on the first floor, as well as a 350 sq. ft. mezzanine level. Ceiling heights range from 16-19 feet clear, with two 14x12 foot overhead doors, and one 12x10 foot overhead door. The property is fully protected with Life Support System, including sprinkler and fire alarm connected directly to the local Fire Department and Police Department. The property is serviced by Gas Forced Air/AC condensing unit in office/showroom areas, with radiant-electric ceiling mounted tube system in the service areas. Prior use was Luxury Used Car Sales. The property has been well maintained and in excellent condition. There is also a separate detached 2-car garage for additional storage area. In addition, there is a large sign leased to Whiteco Outdoor Advertising, generating an annual income of $5,400.00.
The property is ideally located on the south side of North Avenue, three doors west of County Farm Road, in an area well inhabited with numerous auto sale and service establishments, as well as various other retail uses. The site is L-Shaped and contains 86,554 sq. ft. or 1.987 Acres.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK Realty SelLs VALUE-ADD EOLA COMMONS
405 N. Eola Road, Aurora, IL
The property consists of a modern 13-year old, one-story, multi-tenant, 24,000 sq.ft. retail center containing 13 units ranging in size from 940 sq.ft. to 3,500 sq.ft., plus an outlot Net-Leased to McDonalds Corporation, FOR 9 YEARS WITH OPTIONS. Amenities include attractive façade, abundant parking, upscale landscaping, as well as being located one door north of Walgreens. Ideal neighborhood center tenant mix includes: L.A. Tan, H&R Block, State Farm Insurance, cleaners, medical and pancake house. 78% occupancy. Eola Commons is located just north of a Walgreens at the northeast corner of Eola Road and New York Street in Aurora. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY SELLS AUTO MALL DEALERSHIP
201 N. HansEn Boulevard, North Aurora, IL
Highlights:
ZONED B-2 PUD, PLANNED UNIT DEVELOPMENT
IDEAL AUTO RELATED FACILITY
IMMEDIATE ACCES TO I-88, ACROSS FROM WOODMAN'S FOOD MARKET
1/2 MILE FROM JC PENNEY, TARGET, BEST BUY
BANK OWNED.
Description
Improvements consist of a quality constructed Auto Dealership, containing 28,620 square feet on the main level, plus a 4,845 square foot mezzanine level, for a total of 33,465 square feet. Property was built in 1996, and is in good condition. The first floor layout includes Showroom Area, Service Write Up, Service Area, several private Sales Office, Executive Offices, Parts Room, as well as General Offices. The site consists of 222,592 square feet or 5.11 Acres, which includes attractive landscaping, abundant outdoor lighting, and parking for 400 vehicles. Formerly the home of Westside Dodge. The property is located in the North Aurora Auto Mall, just North of the I-88/Orchard Road Exit and Entrance. High visibility site. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
SOLD: OFFICE BUILDING / LAND
425 W. Galena, Aurora, IL
The property consists of a 2,280 Square Foot, two-story, Vintage Home, converted to "OFFICE USE" (Construction estimated to be 1900), plus basement area. The property is situated on a double lot, which provides private parking area. The front parcel, with frontage on Galena Blvd. is Zoned B-1, Business District Local Retail. The rear parcel (parking lot), is Zoned R-3, One Family Dwelling. The property can easily accommodate Professional Users such as; Lawyers, Accountants, Real Estate, etc.
Ideally located on the North Side of Galena Boulevard, just West of Downtown Aurora. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK Realty Partners SElls BANK-OWNED OFFICE BUILDING IN DOWNTOWN LOMBARD
1 S. Park, Lombard, IL
Vintage Masonry/Limestone two-story, plus full basement building, built in the 1909 Circa. Total gross building area is 3,769 sq. ft., plus full basement. HVAC is provided by separate systems for the first & second floors, as well as a 400 AMP electrical service. Zoned B-5PD, Central Business District Planned Development, which permits a wide variety of retail, office and dwelling units. The property is located in "DOWNTOWN LOMBARD", at the SEC of Park Avenue & St. Charles Road, within short walking distance to the Train Station. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
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LEASE & SALE OF PROMINENT DOWNTOWN WHEATON RETAIL
100 N Hale Street (at NW Corner of Front STreet), Wheaton, IL 60187
Highlights
119 Year Prominent Building-Fully Rehabbed
Zoned C-2, Retail Core Business District, City of Wheaton
56 foot frontage on Hale Street & 66 feet on Front Street
Excellent Retail Window Line
New Facade & Windows 2002
Description
Rare opportunity for Prime Retail Space at one of the most sought after corners in "DOWNTOWN WHEATON". 2,600 square feet of retail space at the NW Corner of Hale & Front Streets. Clean, bright & airy with amenities such as; hardwood floors, exposed brick walls, mosaic tile accents, floor to ceiling window lines, and the opportunity for lower level expansion or storage. Downtown Wheaton is undergoing a dramatic resurgence with the redevelopment of The Wheaton Theater, a vibrant French Market, Mariano's newest Fresh Market and Wheaton 121, a 310-Unit Luxury Apartment Complex, all just steps away from the entrance of this unique and desirable retail location. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
SPECIALTY USE PROPERTY SOLD: FORMER ROLLER RINK
23 W Streamwood Boulevard, Streamwood, IL
Property consists of an older Metal Panel Building containing 17,717 sq. ft., with ceiling heights ranging from 10 feet at outside walls, to 20 feet at center beam. Interior includes a skating floor, open-space eating area, concession stand, pro shop area, private office with restroom, skate rental room, video game room, two restrooms, and several storage and work spaces. The property is Zoned C-2, Neighborhood Commercial District, and situated on a very large 81,256 square foot landsite. Bank owned. The property is located on the south side of Streamwood Boulevard, two doors West of Bartlett Road. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK Realty Partners sells BANK OWNED PROPERTY
DK Realty Partners announces the sale of 330 E. Washington Blvd., Lombard, a bank-owned three bedroom, two-bath, brick home sold as-is within 5 days of listing. The property was in need of major rehabbing, but the location was the appeal: On a nice lot in the center of town. Michael S. Milcarek of DK Realty Partners represented the bank in the sale. If you would like additional information on the property, call or e-mail Rhonda rhonda@dkrealty.com or 847/397-8900 x222.
DK REALTY PARTNERS SELLS BANK-OWNED AUTO REPAIR SHOP
177 S LaSalle Street, Aurora, IL
Property is a 3,285 square foot one-story auto related facility, currently leased to El Rodeo Auto Repair. The rental amount is $1,300 per month on a gross basis. The property was built in the 1939 Circa, and consists of masonry construction with a flat roof/built up asphalt surface and includes a waiting room, office area, 2-washrooms, service area, as well as 5-overhead doors. Ideal opportunity for either a user or investor. Ideally located at the NWC of LaSalle & Washington Streets, just minutes from "DOWNTOWN AURORA". If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY CLOSES ON SALE OF COOLER/FREEZER BUILDING
4345 W Division Street, Chicago, IL
Highlights
BANK ORDERS SALE-SEEKING ALL REASONABLE OFFERS BE SUBMITTED
FULLY AIR CONDITIONED PROPERTY, WITH COOLER/FREEZER AND KITCHEN
IDEAL FOR CATERER, COMMERCIAL KITCHEN, OR FOOD USER
PRIVATE PARKING FOR 32 VEHICLES DIRECTLY BEHIND BUILDING
1 ENCLOSED DOCK & TWO OVERHEAD DOORS
PREVIOUSLY OWNED & OCCUPIED BY CHICAGO ANTI-HUNGER FEDERATION
Description
BANK ORDERED SALE of the property formerly occupied by "Chicago Anti-Hunger Federation". The property consists of an approximate 11,000 sq. ft. building, on a landsite of 11,312 sq. ft. plus a seperately owned parking lot consisting of 12,547 sq. ft., located at 4348 W. Haddon, which is directly behind the building. The improvements include; Combination Freezer/Cooler (483 sq. ft. each), tandem style and fork lift accessable, a fully equipped training kitchen (914 sq. ft.), large training classroom (992 sq. ft.), ample office space, as well as warehouse space estimated at 3,400 sq. ft. Ceilings are 11 ft. clear, there is one enclosed loading dock, and two overhead doors. Power consists of 800 AMP, 3-Phase Service, and is fully Air-Conditioned. The property was previously owned and occupied by Chicago Anti-Hunger Federation, a not for profit orginization which had been granted Real Estate Tax Exemption. Therefore, the property does not have any historical real estate taxes. Ideally located two doors east of Kostner, on the south side of Division Street, in the Humboldt Park neighborhood of the City of Chicago. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
BANK ORDERED SALE OF VACANT RESTAURANT
1271 N Lake Street, Aurora, IL
Highlights
Property is two parcels (one tax bill); building on one parcel, parking on other
Zoned B-3, Business & Wholesale, permits variety of industrial & commercial uses
Currently improved as full service, fully equipped restaurant for 200 patrons
As restaurant, building would not require extensive improvements
Across from Aurora Commons (Jewel-Osco, BMO Harris bank, TJ Maxx, RadioShack)
Other area retail: Provena Mercy Medical Center, Premier Dental, Auto Zone, U-Haul
Description
Property is a 17-year old one story retail building containing 6,317 sq. ft. Currently improved as a full service restaurant. The floor plan consists of a lobby/waiting area, cashier station, multiple dining areas, service counter, two restrooms, waitress station/galley, kitchen, dish washing room, walk in cooler, walk in freezer, dry storage area, as well as a manager's office. Indoor seating capacity is estimated at 200 patrons. Former owner was in process of remodeling prior to foreclosure, and appraiser estimates total costs to complete at $15,000.00. Building is fully equipped, and should not require extensive improvements. The site consists of two parcels that are bisected by a 16 foot wide private drive accessing a Bar to the east. Total landsite area is estimated to be 1.33 Acres or 57,935 square feet. Property is ideally located two doors north of Indian Trail, on the East side of Lake Street, 1.5 Miles South of I-88. The surrounding area consists of numerous commercial/retail establishments, with very little vacancy, as well as residential neighborhoods. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS SELL FOUR FORMER SATURN DEALSHIPS
9121 S. Cicero Avenue, Oak Lawn, IL
Former Saturn Dealership, constructed in 1995, fully equipped, and excellently located. Total 17,600 sq. ft. which includes general office, lunch room, confrence room, locker room, show room, parts room and service department, as well as additional storage on second floor. Zoned C-2 "General Service Business District". Well maintained and in excellent condition. Prime Oak Lawn/Cicero Avenue location. Located on the east side of busy Cicero Avenue, with 400 foot frontage, and Daily Traffic Count of 51,000 Vehicles. Location lends itself well to either continued use as a Dealership, or ideal redevelopment.
800 E. 162nd Street, South Holland, IL
Former Saturn Dealership, constructed in 1992, fully equipped, and excellently located. Total building size is 17,600 square feet which includes general offices, lunch room, locker room, conference room, show room, parts room, and service department, as well as additional storage on the second level mezzanine. Zoned "General Business District". Prime corner location w/ four-way traffic lights. Located at the NE Corner of 162nd Street and Cottage Grove Avenue, with 357 foot frontage on 162nd Street. Daily Traffic Count is 32,800 vehicles. Location lends itself well for continued use as a Dealership, or excellent redevelopment opportunity.
8355 W. 159th Street, Tinley Park, IL
Former Saturn Dealership, constructed in 1987 and totally rehabbed in 1990, fully equipped, and excellently located. Total building size is 27,980 square feet which includes general offices, lunch room, locker room, show room, parts room and service department, as well as additional storage on the second floor mezzanine level. Zoned B-5 "Automotive Service District". Prime corner location with 4-way traffic lights. Located on the southeast corner of 159th Street (Auto Row) and 84th Avenue, with 265 foot frontage on 159th Street. Daily Traffic Count is 34,000 vehicles. Location lends itself well for continued Vehicle Sales, Service, etc.
1794 W. 81st Street, Merrillville, IN
Former Saturn Dealership, constructed in 1994, fully equipped, and excellently located. Total 17,600 square feet which includes general offices, lunch room, conference room, locker room, show room, parts department and service department, as well as additional rooms and storage on second floor mezzanine. Well maintained and in excellent condition. Prime Route 30/81st Street location. Located on the north side of 81st Street, more commonly known as Route 30 or Lincoln Highway, with 231 foot frontage, and Daily Traffic Count of 56,820 Vehicles. The Excellent Location lends itself well to either continued use as a Dealership, or ideal redevelopment opportunity.
If you would like additional information on these properties, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS SELLS TWO FORMER BOSTON BLACKIE'S RESTAURANT LOCATIONS
222 E. Algonquin Road, Arlington Heights, IL
BANK ORDERS SALE
The property is a vacant free-standing 9,150 sf restaurant facility on a 1.72 acre site. Originally constructed in 1991 and renovated in 2005, the property had continuously operated as a Boston Blackie' s until the business closed in early 2010. The property is being offered as-is, where-is' as an equipped restaurant facility, including indoor and outdoor patron seating areas, bar, kitchen, and restrooms. However, current zoning permits a wide variety commercial and retail uses.
Zoned: B-3, General Service, Wholesale and Motor Vehicle District by the Village of Arlington Heights
Lot Size: 1.72 acres (288' along Algonquin Road and +/-200' along S. Tonne Drive), includes on-site parking for 96 vehicles
Construction: Face brick
Age: Built in 1991
Roof: Flat
Daily Traffic Count: 32,900 vehicles along Algonquin Road; 47,200 along nearby Arlington Heights Road.
Taxes: $113,205.15 (2009)
Located at the northeast corner of Algonquin Road and S. Tonne Drive in Arlington Heights, the property is less than one mile northeast of the Arlington Heights Road exit to I-90 (Northwest Tollway) providing easy access from downtown Chicago as well as west and south suburban Chicagoland. The property is surrounded by residential development to the north and a plethora of other commercial uses to the west, south and east, including the Woodfield Mall development area in neighboring Schaumburg.
164-166 E. Grand Avenue, Chicago, IL (Ritzy Streeterville / Mag Mile)
BANK ORDERED SEALED BID SALE
The property is a vacant free-standing 2,500 sf restaurant facility on a 5,000 sf site. Originally constructed in the early 1940' s, the property had operated as a Boston Blackie' s from 1985 to early 2010. The property is being offered as-is, where-is' as an equipped restaurant facility, including patron seating areas, bar, kitchen, and restrooms. However, current zoning also permits office, commercial, retail, public, institutional and residential development.
Zoned: DX-12, Downtown Mixed Use District by the City of Chicago.
Lot Size: 5,000 sq.ft. (50' along Grand and 100' along St. Clair)
Construction: Face brick
Age: Built in 1941
Roof: Flat
Daily Traffic Count: 13,300 along Grand Avenue; 33,300 along nearby Michigan Avenue
Located at the northwest corner of Grand Avenue and St. Clair in the Streeterville neighborhood of Chicago' s near north side, the property is less than one block east of North Michigan Avenue, also known as the Magnificent Mile. The Streeterville area is one of the city' s most desirable, upscale/affluent communities and boasts well-known, upscale retail, hotels and restaurants which serve 22 million visitors each year. The area' s high-end residential properties have been well-maintained and contribute to the appeal of the area. This is the address that gives meaning to the real estate adage Location, Location, Location .
If you would like additional information on these properties, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
GRAND LOFTS OFFICE BUILDING SITE SOLD BY DK REALTY PARTNERS
9401 W. Grand Avenue, Franklin Park, IL
BANK ORDERS IMMEDIATE SALE of a build to suit loft office building originally constructed in 1960, and occupied by Motorola Corporation. Construction includes glass/masonry brick exterior, with cast-in-place concrete construction. Improved with a five-story building, featuring an open covered parking area on the first floor, as well as an additional open area to the east. Previous owners planned a conversion of the project to loft apartments. Per Public Records, the building measures 269,014 Square Feet, and is situated on a 175,586 Square foot site or 4.031 Acres. Ideal opportunity for re-development. South side of Grand Avenue, bounded by Martens Road to the east, and Edington to the west. The property is roughly 2-miles from the I-294 (Tri State Tollway) Irving Park Road interchange, and 4-miles from Chicago O'Hare International Airport. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
SOLD: INVESTMENT PROPERTY / INDUSTRIAL BUILDING
501 Morse Avenue, Schaumburg, IL 60173
Highlights
FULLY OCCUPIED BY LONG TERM TENANTS
NEWER ROOF IN PLACE
OFFERED AT A 9.5% CAP RATE
PROFESSIONALLY MANAGED
Description
Modern one-story multi-tenanted Industrial Building, containing 8- rental-units as follows; 4 @ 3,000 sq. ft., 2 @ 2,500 sq. ft., and 2 @ 2,000 sq. ft. for a total of 21,000 square feet. Property is fully occupied, and has a newer roof. Majority of the tenants which occupy 75% of the building have been in place in excess of 10-years. Ideally located in the Schaumburg Centex Park, two blocks south of Wise Road, and two doors west of Mitchell Boulevard. Easy access to I-53 as well as the Elgin O'Hare Expressway. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON AUCTION SALE OF Cap Juluca
Maunday Bay, Anguilla, British West Indies
The greater part of the real estate comprising the Cap Juluca resort, a five-star Anguilla island escape for the world’s notable rich and famous, was old at a public auction Wednesday, May 2, 2012 as part of a restructuring process towards debt obligations owed to the original developer.
Regularly ranked among the best resorts in the Caribbean, Cap Juluca is most renowned for its pristine beaches and quiet atmosphere, operating with consistently high occupancies at an annual average daily rate in excess of $900. This fully developed 95-room beach resort has a strong and steady revenue stream in all economic cycles, as a result of its high profile clientele who are drawn to its elegance and privacy.
Situated on the southwest coast of Anguilla, Cap Juluca has become, to the discerning Caribbean vacationer, what the Cipriani is to Venice, by offering the privacy and exclusivity that its miles of white sand beach allow. While only 25 minutes by boat from St. Maarten/St. Martin and 45 minutes from St. Barths, with their international flavors in shops, restaurants and gambling, Cap Juluca remains the essence of romance and tranquillity for a unique island getaway.
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS SELLS THREE-LOT DEVELOPMENT SITE NEAR DOWNTOWN DOWNERS GROVE
4913-17-21 Forest Avenue, Downers Grove, IL
Bank-ordered sale of 3 older homes situated on a 7,100 sq. ft. landsite each. Buy one or all three. Ideal opportunity to purchase and rehab for Office/Retail use or demolish and build your Office/Retail Building. Zoned DB, Downtown Business District. Total available landsite is 21, 300 sq. ft. Ideally located one block west of Main Street, just north of Warren Avenue, offering an ideal Professional or Retail Location. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS SELLS BANK-OWNED OFFICE BUILDING
1428 Lee Street, Des Plaines, IL
Highlights
BANK OWNED AND ORDERS IMMEDIATE SALE
PARTIALLY LEASED TO LAW FIRM WITH FIVE YEARS REMAINING
EXCELLENT OPPORTUNITY TO OCCUPY WITH INCOME AND EXPANSION CAPABILITIES
REAL ESTATE TAXES APPEALED WITH REDUCTION IN ASSESSED VALUE
ADDITIONAL POTENTIAL INCOME OR EXPANSION WITH UNIT B
ZONED C-3 GENERAL COMMERCIAL DISTRICT
Description
The property consists of a well maintained modern one-story building, which includes a full basement, built in 1971 and extensively remodeled in the late 1980's. Net-rentable area (excluding basement) is estimated at 11,842 sq. ft., divisible as follows: Unit A @ 5,976 sq. ft. with extraordinary finishes, including 11-private offices, two reception areas, break room, copy room, two conference rooms, and two showrooms. Unit B @ 2,360 sq. ft. which is currently used for storage and in a "Vanilla Box" condition. Unit C @ 3,506 sq. ft. includes seven private offices, conference room, common office area, and reception area. Space is currently leased to a Law Firm. The location offers excellent opportunity for professional office as well as possible retail use. Located just north of the intersection of Lee Street/Mannheim Road & Oakton, within a very active community shopping district. Directly south of the site is the Oak Leaf Shopping Center, anchored by Jewel Osco, across the street is the Oak Lee Plaza, anchored by Starbucks Coffee, Athletico Sports rehab, and a Dental Office. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes ON LEASE DEAL WITH STATE FARM IN THE CLYBOURN CORRIDOR OF CHICAGO, IL
DK Realty Partners, LLC represented State Farm in a lease deal for space at 1611 N. Clybourn, Chicago, IL. The space is a 990 sq.ft. retail space in the heart of the Clybourn Corridor.
If you would like more additional information on the property, contact Rhonda Foster at 847/397-8900 x222 or rhonda@dkrealty.com.
DK REALTY PARTNERS closes ON VACANT BANK OWNED RESTAURANT IN SKOKIE, IL
Paul Demik and Tyler Neptune of DK Realty Partners, LLC announce the bank ordered sale of 4925 Dempster Street, Skokie IL in the Schaumburg Centex Industrial Park.
The property is a vacant one-story, 1,400+/- square foot fast food restaurant in a busy commercial area of Skokie. All restaurant equipment is in place. There is a dining area plus counter and kitchen area with walk-in freezer and walk-in cooler. Ample off-street parking in the rear of the site.
Paul Demik notes, “This property is an excellent turn-key operation!”
The property sold for $355,000
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes THREE HIGH-QUALITY COMMERCIAL INVESTMENT PROPERTIES IN NORTHWEST SUBURBAN CHICAGO
Paul Demik of DK Realty Partners, LLC announces the sale of 1291 Humbracht Circle in Bartlett, IL; 3350 Salt Creek Lane in Arlington Heights, IL and 1020 Lunt Avenue in Schaumburg, IL.
1020 Lunt Avenue, Schaumburg, IL
Schaumburg Centex Industrial Park, is a modern industrial building containing seven (7) individual units for a combined total of 16,100 sq.ft and 100% occupancy. Units range in size from 2,300 to 4,600 sq.ft. All units have individual restrooms, shop sinks and a minimum of 100-200 amp, 3-phase wiring (several units have 600-800 amp service). There is also a 200 sq.ft. office area with separate HVAC unit. The warehouse has a service door and 10' x 10' overhead and contains a 150,000 BTU, ceiling-hung heating unit.
It is located in the Schaumburg Centex Industrial Park, one block north of the Elgin/O’Hare Expressway, allowing easy access to and from Route 53 and I-355.
The property sold for $825,000
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
1291 Humbracht Circle, Bartlett, IL
Property is a 50,080 sq.ft. single-story distribution center consisting of finished office space as well as warehouse facilities with 24-foot ceilings. Parking for 66 vehicles is located at the front and side of the building and the site is attractively landscaped. Quality construction, excellent location and a very attractive investment!
The property is ideally located within the dynamic Brewster Creek Business Park at Sterns and Munger Roads, 1 mile west of Route 59 in Bartlett, IL. Access is one of the park’s key features with Elgin-O’Hare three miles to the east; I-90 five miles to the north; I-290 ten miles to the east and I-355/Rt. 53 via the Elgin-O’Hare
The property sold for $3,875,000. If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
3350 Salt Creek Lane, Arlington Heights, IL
Arlington Business Center is a 40,172 multi-tenant office building. Units consist of office areas and storage space with 12 foot ceilings. All leases are on a net basis with tenants paying their proportionate share of real estate tax and CAM, as well as interior maintenance and replacements. The property is 95% occupied, anchored by Northwest Community Hospital. Location: Arlington Business Center is located within Arlington Park International Racetrack Grounds in northwest suburban Arlington Heights, just east of Rt. 53 and just north of I-90
The property sold for $3,275,000
Download Brochure with all three properties or contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com for more information
DK REALTY PARTNERS Closes on Vacant Bank Owned Gas/Convenience Store in Hobart, IN
Paul Demik and Tyler Neptune of DK Realty Partners, LLC announce the bank ordered sale of 4600 W. 37th Avenue in Hobart, IN.
The property is a vacant one-story, 1,869 sq. ft. Gas Station/Convenience Store located 300 yards west of Interstate Highway 65 on/off ramp. The property includes three gasoline pumps and islands with six fueling stations; 1 - 1,193 square foot canopy over the islands; and three underground gasoline storage tanks, two having 8,000 gallon capacities, and one with a capacity of 10,000 gallons. In addition, there is a concrete and asphalt paved parking area containing 20 marked parking spaces.
The property sold for $260,000
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes sale of commercial building in arlington heights
DK Realty Partners, LLC announced the sale of 1975 E Rand Road in Arlington Heights, IL.
The property is a one-story retail/commercial building, 7,021 sf, divisable as a 5,000 sf showroom, and a 2,000 sf shop area. Lot size is 32,489 sf, recent upgrades @$300,000.
The property is located on the west side of Rand Road, in a well established and thriving commercial community. Adjacent neighbors include uses such as; local merchants, restaurants, professional offices, as well as national retail chains. High traffic count.
The Property sold for $800,000.00.
View Property Information Package
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes sale of chicago apartment building
DK Realty Partners, LLC announced the sale of a multi-family building located at 5334 W Madison Street, Chicago, IL.
The property consists of a 3-story multi-family bldg., containing 42-2-bedroom, and 6-3-bedroom units. Total gross bldg. 63,086 sf, with net rentable area of 53,700 sf, with average unit size of 1,118.75 SF.
The property is located on the north side of Madison Street with 312.72 foot frontage, and 121 foot depth on both Long and Laurel Avenues. Transportation is readily available, and the area offers an excellent employment base.
The Property sold for $850,000.00.
Download Brochure View Bidders Information Package
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes sale of 32 unit courtyard building
DK Realty Partners, LLC announced the sale of the lovely 32 unit red pressed brick courtyard building located at 5039-45 N Springfield Avenue, Chicago, IL.
The building is an approximately 22,776 square foot three-story plus basement, built circa 1932, masonry constructed, courtyard apartment building, containing a total of 32 units. The building consists of 30 above grade units and 2 garden units containing 26 one bedroom, one bath units and 6 studio units. The property has been poorly managed and as a result suffers from significant deferred maintenance. It is divided into five tiers, two of which have seven units and the others have six units each. The one bedroom apartments generally consist of a living room, dining room, kitchen and one bedroom. The garden apartments consist of a living room, kitchen and one bedroom.
Full, unfinished basement with newer gas fired steam boiler and two A.O. Smith 81-gallon water heaters that are approximately three years old. There are two garden apartments located in the basement as well.
Facing west, the site is rectangular and is located on the east side of Springfield Avenue 127 feet south of Carmen Avenue with Harding Avenue to the east and Avers Avenue to the west in Chicago, Illinois. Springfield Avenue is asphalt paved two way, north/south street in average condition. There is on-street parking available. 16± foot paved alley along the east lot line.
Albany Park is a well located community on Chicago' s North West side whose population has increased by 16.5% in the last decade. The 60625 zip code area, in which it is located, has 17 parks and two community gardens and is home to Roosevelt and Amundsen high schools as well as Northeastern Illinois University and North Park University.
The Property sold for $1,280,000.00
Download Brochure View Bidders Information Package
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS closes sale of Lakewoods corporate center
DK Realty Partners, LLC announced the sale of Lakewoods Corporate Center located at 650 East Algonquin Road, Schaumburg, IL.
Lakewoods Corporate Center is an approximate 81,431 net rentable square foot building with 80,625 of net square footage. The 4-story deluxe multi-tenant reflective blue glass and steel frame building was erected in 1987. The building site consists of 5.682 acres & includes the main drive off Algonquin Road & the internal roadway connecting to Quentin Road. Adjacent property owners consisting of KinderCare & a vacant development site (once developed) pay their proportionate share of driveway maintenance.
Lakewoods Corporate Center is located in the Northwest Suburban area of the Chicago MSA whose growth was created with the advent of the Northwest Tollway (I-90). Booming Schaumburg' s current population is estimated to be approximately 75,000. Woodfield Mall the country' s largest retail square footage under one roof is minutes away. Office and residential growth has occurred in all directions around the mall. The proximity of affluent residential communities such as Barrington and Inverness, as well as the availability of a diverse workforce continues to draw major corporations to the Northwest Suburban office market. The new Renaissance Schaumburg Hotel & Convention Center offers 148,000 feet of technologically enhanced meeting space. The international headquarters of Motorola is a half mile east.
The Property sold for $6,500,000.00.
Download Brochure View Bidders Information Package
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON 5,660 square feet retail center in burbank, il
Paul Demik of DK Realty Partners, LLC announces the sale of State Road Mall at 5445-5451 W. 79th Street, Burbank, IL.
The property consists of a modern one-story multi-tenanted 5,660 sq. ft. strip center, containing 4 units ranging in size from 1,200 sq. ft. to 2,000 sq. ft. Amenities include attractive façade, professional landscaping, unique pitched roof, and ample parking space. All units are leased on a net basis with tenants paying their proportionate share of real estate taxes, common area expenses, and property management fees. The property is well-maintained and offers an astute investor an excellent investment opportunity.
The property in conveniently located at a traffic lighted intersection on the southeast corner of 79th Street and State Road, 2 blocks east of Central Avenue and 7 blocks west of Cicero Avenue, two heavily traveled thoroughfares. The suburb of Burbank is on the southwest edge of the city of Chicago, roughly 2 miles from Midway International Airport.
The property sold for $1,025,000.
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS CLOSES ON a UNIQUE INVESTMENT OPPORTUNITY IN A HIGHLY-COVETED WEST LOOP LOCATION
Paul Demik of DK Realty Partners, LLC announces the sale of 950 W. Monroe Street, Chicago, IL.
The property consists of a NNN Corporate Leased 7-Eleven, comprised of 1,970 square feet of retail space and 548 square feet of office space, totaling 2518 square feet of rentable space. Amenities and features include long-term corporate-backed lease with national tenant, highly-coveted West Loop location, traffic-lighted intersection, attractive signage, and 2 indoor parking spaces conveniently located in the building’s heated garage.
The property is located on the northeast corner of Monroe and Morgan in Chicago’s trendy West Loop. It currently serves as the main retail space for the “Residences at 950 W. Monroe”, a luxurious 101-unit condominium project completed in 2005. Conveniently located near a wide-array of public transportation, I-94 and I-290, as well as the many shops and restaurants the West Loop has to offer. The subject presents a unique opportunity to acquire an investment that will continue to experience great appreciation in one of the more affluent neighborhoods in the City of Chicago.
The property sold for $1,425,000.
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS CLOSES ON BANK OWNED 100% LEASED COLD STORAGE FACILITY IN SCHILLER PARK, IL
Paul Demik and Tyler Neptune of DK Realty Partners, LLC announce the bank ordered sale of 4260 N. River Road, Schiller Park, IL.
The property is a fully leased, two-story, 14,270 sq. ft. cold storage facility. The property includes 8,330 sq. ft. of freezer / cooler space and a USDA-approved facility.
The property sold for $1,115,000
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES SHOPPING CENTER IN GURNEE, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 1810 N. Delany Road, Gurnee, IL.
The property is a 27,172 sq.ft shopping center. Situated on a 2.48 acre. corner site, the center offers easy visibility, tremendeous curb appeal, with arch facades highlighting the centers covered walkways and a unique patio courtyard with seating. There is parking for 134 vehicles with a parking ratio of 4.89 / 1,000..
It is located at a centralized corner of Delany Road and Porett Drive which has a traffic count of over 26,000 vehicles per day.
The property which has a 93% occupancy rate and a net income of $361,995 sold for $4,200,000.
View Property Information Package
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS CLOSES ON RAINBOW PATH DAYCARE CENTER IN LIBERTYVILLE, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 1298 S. Milwaukee Avenue, Libertyville, IL.
The property is a 7,013 sq.ft. one-story building utilized as a day care center which contains 6 individual classrooms. Each classroom features an open design and contains a partitioned washroom. In addition, there are 4 smaller rooms: 1 administrative office, 1 utility room, 1 kitchen and 1 reception area The site has an asphalt-paved parking lot with 12 parking places, plus 1 additional handicapped space. The northern and eastern portions of the site function as outside, fenced playground areas containing playground equipment.
The building sits on an out-lot adjacent to the Red Top Shopping Center on Milwaukee Avenue (Illinois Route 21) in Libertyville, Illinois. The site is currently net-leased to Knowledge Learning Corporation, and has operated as a child care center since its construction in 1981. The location is ideal for a child care center, learning center or professional offices.
The property sold for $1,050,000.
View Property Information Package
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS CLOSES ON THREE HIGH QUALITY RETAIL CENTERS
Paul Demik of DK Realty Partners, LLC announces the sale of 943-955 N. McLean Boulevard, Elgin, IL; 405 Eola Road, Aurora, IL; and 27W093-27W121 Geneva Road, Winfield, IL.
943-955 N. McLean Boulevard, Elgin, IL
Walgreen Center consist of a modern fifteen year old, one-story, multi-tenant, 24,000 sq. ft. retail center containing ten units ranging in size from 1,050 sq. ft. to 12,000 sq. ft. Amenities include attractive facade, abundant parking, and professional landscaping. In addition to Walgreens (50% anchor tenant), the strong mix of tenancy includes familiar names such as Bo-Rics, Check 'N Go of Illinois, Jackson-Hewitt Tax Services, Curves, and Papa Saverios Pizza.
This property sold for $4,350,000.
405 Eola Road, Aurora, IL
Eola Commons consists of a modern eight year old, one-story, multi-tenant, 24,000 sq. ft. retail center containing 13 units ranging in size from 940 sq. ft. to 3,500 sq. ft. In addition to the center, included is an out lot leased to McDonald's Corporation through 2020. Amenities include attractive facade, abundant parking, upscale landscaping, as well as being located one door north of Walgreens. Ideal neighborhood center tenant mix include: L.A. Tan, H&R Block, State Farm Insurance, cleaners, florist, medical, and pancake house.
This property sold for $6,000,000.
27W093-27W121 Geneva Road, Winfield, IL
Winfield Pointe consists of a modern seventeen year old, one-story, multi-tenant, 20,000 sq. ft. retail center containing nine units ranging in size from 1,000 sq. ft. to 6,925 sq. ft. Amenities include attractive facade, high visibility location, parking for over 100 vehicles, professionally landscaped, with an entire new parking lot (2005). In addition to Winfield Community Bank (35% anchor tenant), the strong retail mix includes Dunkin Donuts, Mailboxes, Etc, Jake's Pizza, cleaners, dentist, and liquor store.
The property sold for $4,650,000.
Download Brochure with all three properties or contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com for more information
DK REALTY PARTNERS closes on 2 restaurant buildings
Paul Demik of DK Realty Partners, LLC announces the sale of 2507 S. 95th Street, Evergreen Park, IL and 5714 W. 159th Street, Oak Forest, IL.
2507 S. 95th Street, Evergreen Park, IL is a one-story 4,740 +/- sq. ft. restaurant with foyer entrance; seating in tables, booths and counter with stools for approx. 175; a full kitchen with walk-in cooler for refrigeration, freezers, broilers, deep-fryers, ovens, grills and ventilation equipment; and two washrooms. The site is 26,000 +/- sq. ft. with 208 +/- feet of frontage on 95th Street and access from both 95th Street and Maplewood. There is a 16 foot asphalt paved alley along the rear of the property. The site has approximately 30 asphalt-paved parking spaces including handicapped accessible.
The property is situated along a strip of 95th Street with various other restaurants and retail shopping centers, including Evergreen Shopping Mall. The Drury Lane Theater is located across the street and Little Company of Mary Hospital is located two blocks west. Access to I-90/94 is approximately 6 miles west of the property; and PACE buses linking to the CTA are available along 95th Street.
This property sold for $1,130,000.
5714 W. 159th Street, Oak Forest, IL is a one-story 4,730 +/- sq. ft. restaurant with foyer entrance; seating in tables, booths and counter with stools for approx. 175; a full kitchen with walk-in cooler for refrigeration, freezers, broilers, deep-fryers, ovens, grills and ventilation equipment; and two washrooms. The site is 36,750 +/- sq. ft. with 147 +/- feet of frontage on 159th Street and access from both 159th Street and Peggy Lane. The site has approximately 50 asphalt paved parking spaces including handicapped accessible.
The property is situated along a strip of 159th Street with various other restaurants and retail shopping centers, including Orland Park Shopping Center. The George Dunne Forest Preserve National Golf Course is located across the street. Access to I-571/I-80 junction is approximately ½ mile south of the property and PACE buses linking to the CTA are available along 159th Street. The Metra Commuter Rail station is less than 1 mile east at 159th and Cicero Avenue.
This property sold for $500,000.
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS CLOSES ON MEDICAL SUITE IN UPSCALE AND IMMACULATE MEDICAL PROFESSIONAL BUILDING IN LOMBARD, IL
Paul Demik of DK Realty Partners, LLC announces the sale of Unit 370 at 2340 Highland Avenue, Lombard, IL.
The property is in the Highland Medical Center. It is an immaculate and attractive 2350 s.f. medical office suite located on the third floor of upscale 43,500 s.f. “medical only” specialty building. The building is a beautiful precast and stone finish located on 165 feet of Highland Avenue frontage. The first floor of the building houses and upscale pharmacy, commercial clinical lab with balconies on each floor overlooking the atrium. The building sits on 88,700 s.f. of land located on the corner of Highland Avenue and Janata Boulevard with parking for 168 vehicles. Easy access from both directions on Highland with a left hand turn lane.
The property is ideally located for medical professionals in the area. Only minutes to Good Samaritan Hospital and Hinsdale Hospital. Located just minutes from I-88, I-355, Butterfield Road and Highland Avenue, this office is convenient for just about everything. Directly across the street from Yorktown Shopping Mall.
The property sold for $225,000.
If you would like additional information on the property, call Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com.
DK REALTY PARTNERS INKS MULTI-MILLION DOLLAR SALE OF
TWO COMMERCIAL PROPERTIES IN BLOOMINGDALE AND EAST DUNDEE, IL
Commercial properties built in 2002 have 15-year net leases to Tutor Time Learning Systems.
DK Realty Partners, LLC announced the negotiated sale of two commercial buildings located at 234 W. Lake Street, Bloomingdale, IL and 850 Main Street, East Dundee, IL. The transaction consisting of two three-year-old 10,000 square foot free standing brick buildings, and two 5000 square foot enclosed outside playground sold for $4,650,000. The property is leased by Tutor Time Learning Systems.
As part of a partnership liquidation, DK Realty was selected to handle the marketing, negotiation and sale of the two properties. DK Realty has over 20 years of experience handling these types of transactions and has a proven track record in both commercial real estate sales and property management functions.
“In this type of situation, the liquidation of commercial real estate lends itself to a greater sense of urgency,” said Paul G. Demik, Managing Partner, DK Realty. “You have to look for expediency of the transaction, without minimizing the value of the deal. These properties actually were a win-win situation for both buyer and seller. The seller received their price, and the buyer purchased two properties with long term leases and plenty of upside potential.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES MILLION DOLLAR SALE OF two high-quality office and industrial complexes
Commercial property located near Route 53 and Dundee Road, situated in growing business / office park area
DK Realty Partners, LLC announced today the negotiated sale of a commercial building located at 11 W. College Avenue, Arlington Heights, IL. The transaction was a 27,000 square foot one-story, multi-tenant office / service building selling for $1,625,000. The property at the time of sale was nearly 100 percent leased.
DK Realty was selected based on a track record in the area and their expertise in marketing, and ensuring that the seller realized close to their asking price, while helping the buyer secure a valuable investment. DK Realty has over 20 years of experience handling these types of transactions and has a proven track record in both commercial real estate sales and property management functions.
“The area near Route 53 and Dundee Road is seeing a resurgence in popularity for business. It used to have a dominant industrial presence,” said Paul G. Demik, Managing Partner, DK Realty. “Our understanding of these trends, really helped us in marketing the property and ensuring that the seller and buyer felt it was a mutually beneficial real estate transaction.”
Office / Warehouse in DuPage County with easy access to O'Hare Airport and excellent highway links
Paul Demik of DK Realty Partners, LLC announces the sale of 1077-1091 Entry Drive, Bensenville, IL.
The property consists of an attractive single-story multi-tenanted office / warehouse building, containing a total of 30,160 rentable sq. ft., comprised of 8-rental units of 3,770 sq. ft. each. The property is approximately 25% of the total space consisting of office, with the balance utilized as warehouse / storage area. Amenities include blacktop paved parking for approximately 50 vehicles, attractive landscaping, and abundant lighting.
The property is ideally located on the east side of Entry Drive, approximately 1 block north of Grand Avenue, and ½ mile west of York Road. The location focuses tenant interest in companies demanding easy access to O’Hare Airport, excellent highway links, as well as DuPage County Location.
The property sold for $1,800,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES SALE OF NAPERVILLE, IL RAILWAY PLAZA PROFESSIONAL BUILDING AND LAND PARCEL PART OF PUD PROJECT
Professional building near train station and highways for easy access to city and outlying suburbs -- Perfectly situated near residential community with ample commercial and retail shopping located nearby.
DK Realty Partners, LLC announced today the negotiated sale of the Railway Plaza Professional Building located at 507 Fairway Drive, Naperville, IL. The transaction consisting of a three-year-old 9081 square foot free standing brick building, and an attached 43,528 square foot land parcel sold for $1.25 million. The land parcel is part of a large PUD consisting of two retail centers, a childcare center and an upscale, free standing restaurant.
The Railway Plaza is located at the South Naperville Railroad Station and is ideally suited for commuters. “This building is really a great fit for professionals that may need to go into the city for a meeting or have business in the surrounding suburbs,” said Paul Demik, Partner of DK Realty Partners. “Naperville has been cited as one of the best places in the country to raise a family, and this town has a proven ability to plan and attract businesses of all types, making Naperville a desirable commercial and residential place for real estate development and investment.”
The purchaser of the Railway Plaza was by a private investor that maintains significant real estate holdings in the Naperville, IL area. DK Realty Partners, LLC was selected to sell the property based on its proven track record of promoting and completing real estate transactions in both commercial and retail environments.
“The commercial real estate market in 2005 should be strong for us,” said Demik. “We are seeing significant real estate transaction opportunities across the board in terms of geography and applications. Additionally, a wide variety of creative financing options is available, reinforcing interest in buyers and investors.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK Realty Partners Closes On Property in Excess Of $25.5 Million in Two Sales
DK Realty Partners, LLC (www.dkrealty.com), has announced the closings of the sales of two shopping centers for a total consideration of $25,525,000.
The 90,000 square foot four year old ROCKFORD CROSSING SHOPPING CENTER, located at the northwest corner of State and Perryville Roads in Rockford, Illinois sold for $14,325,000. Tenants in the property included Best Buy, Linens ‘n Things, Hallmark Card, Quiznos and Great Clips. “We were able to generate nine firm offers in a very short period of time and marketed heavily through the use of the Internet including placement of all due diligence materials on a restricted website thus streamlining our sale process and substantially reducing the purchaser’s due diligence period. The marketing budget only required $5,000.” said Mr. Kaufman.
According to Stephen A. Weiss, a principal of the seller, Halyard Group, LLC, “This sale represented a return to our investors of over 80% on their invested capital in addition to their annual cash flow of 10% during the two and a half year holding period.”
Another principal of Halyard Group, LLC, Larry Blankstein, commented, “Our firm owns property principally in the Chicago area and the Midwest. We are currently negotiating to acquire three new properties. We’ll buy fully rented property or, similar to the Rockford Crossing Shopping Center, we will acquire, finish build outs and complete the leasing of investment properties.” Lincolnwood, Illinois based Halyard Group, LLC (www.halyardequities.com) is a commercial real estate investment firm that makes investments in income property available to qualified investors.
The purchaser of the property was Kimco Realty (NYSE: KIM) which is the nation's largest publicly traded owner and operator of neighborhood and community shopping centers, with almost 700 properties in 40 states, comprising approximately 100 million square feet of leasable space.
Halyard Group, LLC was represented by Martin Becker and Beth Sansiper of the Highland Park, Illinois based law firm, Becker & Gurian. Mr. Kaufman was the sole broker in the transaction.
The 94,400 square foot 47 year old GREEN OAKS SHOPPING CENTER located at the southeast corner of 95th and Cicero in Oak Lawn, Illinois was closed for $11,200,000 as a result of a public live cry auction conducted by Mr. Kaufman at The Union League Club of Chicago. Green Oaks has approximately 92,000 square feet of in-line stores and a one story 2,400 square foot building on an out-lot pad that is occupied by Wendy's.
Green Oaks has a total of 17 tenants and the center enjoys 100% occupancy. Tenants include Marshalls, Carpetland, Sav-a-Lot, H&R Block, American Vision, Hair Cuttery, Sylvan Learning Center and Leslie Pool Supply. The center is located four miles East of I-294 (Tri-state Tollway) and five miles West of I-94 & I-57. The property was free and clear at the time of the offering and was sold by the original developer’s land trust.
Mr. Kaufman said, “This property sold at price reflecting a 7.75% capitalization rate in an absolute live bidding auction. There was no reserve nor minimum bid. The sale contract allowed no due diligence period, no mortgage contingency and furthermore, required $100,000 cashiers checks for bid deposits with a requirement on the high bidder to increase the earnest money to 5% of the high bid at the conclusion of the bidding. The contract also required that the buyer was accepting the property in ‘as-is’ condition.
“In spite of these requirements, there were 17 registered bidders and given its age and condition the property commanded a strong price in 6 minutes of bidding. All this was accomplished with a marketing budget of less than $20,000”
Green Oaks was purchased by a private investor.
Attorneys for the parties included Lawrence Ordower of Ordower & Ordower, Michael Kurtzon of Schwartz, Cooper, Greenberger & Krauss and Mark L. Karno of Mark L. Karno & Associates (all Chicago based law firms). Mr. Kaufman was the sole broker in this transaction as well.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES SALE OF LAKE GENEVA, WI
COMMERCIAL RETAIL/RESIDENTIAL PROPERTY –
LOCATION IN HEART OF GROWTH MARKET
Lake Geneva market continues to attract business and real estate investors, building on a very attractive location for retail, residential and investment real estate.
DK Realty Partners, LLC announces the negotiated sale of N 3310 County Road H, Lake Geneva, WI. The single-story building, formerly the site of a family-run 20 year-old business (Go-Fer-It), sold for $289,000. The location will continue to be a site for a retail business, serving as a second location for Dick’s Small Engine Repair. (The other location is in nearby Fontana, WI). The property also has attached living quarters, which includes three bedrooms, three baths, sauna, large living room and fireplace.
The 6,350 square foot facility is located approximately two miles north of growing, downtown Lake Geneva, WI. The commercial portion of the building consists of a showroom with loading dock, parts inventory room and a work and service shop. “We are seeing a strong “demand” trend for the Lake Geneva market,” said Paul Demik, DK Realty Partners. “However with this trend, the community is doing a great job of keeping a perfect balance of commercial/retail growth, with the steady increase of residential expansion.”
“DK Realty Partners really understood our needs as a seller, but it was their track record in the WI market that made us feel comfortable in enlisting them to market and sell our property,” said Sue Kendzior, seller/owner of Go-Fer-It. “More importantly, our contact Paul (Demik) made the sale process seamless for us. He handled everything from advertising, sales activities, negotiation and, of course, close-of-sale. The end result was a positive experience for us both in ease of process and and in receiving the optimum value for our property.”
Please contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com for details of the sale.
DK REALTY PARTNERS INKS 5-YEAR LEASE WITH WOLOWICKI & ASSOCIATES IN LAKEWOODS CORPORATE CENTER – SCHAUMBURG, IL
Wolowicki & Associates Bucks Real Estate Vacancy Trend By Upgrading to Desirable Schaumburg Area.
DK Realty Partners, LLC announced today the negotiated 5-year lease for 25-year-old accounting firm, Wolowicki & Associates, LLC at 650 E. Algonquin Road, Suite 200, Schaumburg, IL – Lakewoods Corporate Center. Wolowicki & Associates moved from Downers Grove, Illinois to the new location, driven by market needs and the ability to build-out the new space to meet their unique business requirements. The deal was inked by DK Realty Partners who represented landlord, Halyard Lakewoods, L.P.
“We were looking for a building that would be flexible in giving us a business environment that could upgrade our presence to the market, while also meeting the geographic criteria we had in mind,” said Jerry Wolowicki, Partner, Wolowicki & Associates. “This building is really a perfect fit for us. We are close to our clients so they can visit us and the client’s who are not so close, we are right near the highways. And as for our employees, we are minutes from Woodfield Mall and great restaurants.”
“We’re starting to turn the corner again in real estate, given the high vacancies in the Northwest suburbs” said David Kaufman, of DK Realty. “The tenants we are working with have waited long enough to move into facilities that match their business needs, but they also want their business location to have the right appearance to their customers, employees and partner organizations.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES SALE OF
EVANSTON, IL COMMERCIAL/INDUSTRIAL PROPERTY
HELPS SELLER RELOCATE BUSINESS TO NORTHWEST SUBURBS
New Owners Intend to Build Multi-Family Housing Development on Site
DK Realty Partners, LLC announced today the negotiated sale of 645 Custer Avenue, Evanston, IL. The highly sought after property, formerly an industrial site, sold for $755,000. This location will be converted from commercial/industrial use to multi-family housing comprised of townhouses and condominiums. DK Realty broker Paul Demik who sold the property, also assisted the sellers in the negotiated lease of a new site for the relocation of their business to the Northwest suburbs.
The 16,355 square foot facility with 100-feet of frontage has been sold to a private real estate developer. “This is a very desirable location for housing, given the ease of commute into the city or outlying suburbs, as well as easy-to-get-to shopping,” said Paul G. Demik, Sr., principal for DK Realty Partners. “We sense a trend in that many of these types of commercial or industrial buildings located in or near residential neighborhoods, have renewed attraction to developers looking to create multi-family housing in these markets.”
If you would like additional information on the property, call Paul Demik at (847) 397-8900 x217 or e-mail pdemik@dkrealty.com
DK REALTY PARTNERS, LLC CLOSES $3 MILLION SALE ON ARLINGTON HEIGHTS BUILDING
Private Investment Group Buys NNN Property Research and Development Facility at Attractive CAP Rate
DK Realty Partners, LLC announced today the sale of the AMCOL International Corporation Technological Center located at 1350 Shure Drive in Arlington Heights, IL. This single-tenant, 32,832 square foot office/laboratory facility was originally designed to service a multi-tenant base, and accordingly has four separate entrances allowing the new ownership to divide the building into four separate units. The purchase price was $3,050,000.
“My investment group was looking for a triple-net property that provided excellent cash flow,” said Paul Demik. “I knew the seller was motivated to remove this property from his portfolio, but the question was, ‘at what price?’ I was elated when we were able to negotiate a purchase price that represented a 10.9% CAP rate; there wasn’t anything else on the market that even came close! I now have a very happy client, not to mention a satisfied seller.”
If you would like additional information on the property, call Paul Demik at (847) 397-8900 x217 or e-mail pdemik@dkrealty.com
DK REALTY PARTNERS INKS SALE OF RETAIL/COMMERCIAL BUILDING IN PELL LAKE, WI
First State Bank, Round Lake Beach, IL taps DK Realty to make transaction happen in Wisconsin market based on solid track record
DK Realty Partners, LLC announced today the negotiated $225,000 sale of 1161 Clover Road, Pell Lake, WI. This property was purchased by an individual investor. The location, known as a bar and dance facility will operate under the name Nancy's Place.
This property was the second property that DK Realty Partners has successfully liquidated for the State Bank of Round Lake Beach who acquired this property through foreclose. Paul G. Demik, Principal of DK Realty Partners explains, “The banking community is very important to us. We have a collaborative working environment with these organizations to optimize the performance of their real estate portfolios.”
The 5787 square foot building is located in a challenging real estate market that has growth potential. “Certain properties are purchased with an eye to the future,” said Paul. “Pell Lake is a market that is poised for positive change. Continued development and economic opportunities have to come to this area near Genoa City and Lake Geneva, making real estate in the area more and more attractive.”
Please contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com for details of the sale.
DK REALTY PARTNERS CLOSES SALE OF LEYDEN CREDIT UNION BUILDING IN FRANKLIN PARK, ILLINOIS
Sale of Building Goes to Private Individuals and New Primary Tenant is High-Tech, Electronics Company
DK Realty Partners, LLC announced today the negotiated $325,000 sale of 9617 E. Grand Avenue, Franklin Park, IL, the former Leyden Credit Union Building. Leyden moved to a new, custom-built office building at 2701 N. 25th Avenue, Franklin Park, IL.
The 5218 square foot office and retail building has been sold to private individuals and the new tenants will be a high-tech, electronics company. “This sale represents the strong position that this area has held as a good location for commercial business and manufacturing operations,” said Paul Demik, principal for DK Realty Partners. “This property is also in line with what we are seeing -- the increased demand for 5,000-15,000 square foot facilities.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
CHICAGOLAND-BASED DK REALTY PARTNERS, LLC CLOSES PROPERTY IN METRO NORTH BUSINESS PARK IN IOWA
Fastest growing Ankeny, a northern suburb of Des Moines Iowa boasts its leading-edge office/warehouse facility with 100% occupancy.
DK Realty Partners, LLC, announced today the negotiated sale of office/warehouse facility on 5.6 acres of land in the Metro North Business Park.
The property is 100% leased to Clarke American Checks, Inc., one of the largest specialty printers of checks and forms for financial institutions in the United States. Clarke American Checks Inc., is a wholly owned subsidiary of Security Printing Inc., a holding Company established within the Security Printing Services division of Novar plc of Waybridge, Surrey, England. Novar is traded on the London Stock Exchange (NVR).
The Property is located in one of the most successful business parks in the Des Moines metropolitan area experiencing extensive commercial, office, warehouse and light manufacturing growth. The Property benefits from high visibility with Interstate 35 connecting to both Des Moines to the south and the Polk Country Regional Airport.
“We are very proud to be a part of the exciting new opportunities the Metro North Business Park has to offer,” said David Kaufman of DK Realty Partners. “Clarke American Checks, Inc. is in good company with surrounding firms such as Monsanto, Standard Bearing, Tone’s Spices Sara Lee and Proxair to name a few.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DEMAND FOR INVESTMENT PROPERTY HOLDS TRUE FOR PARK LAWN PLAZA IN OAK LAWN, ILLINOIS
After a large showing of interested buyers, four parties battle for high-demand property.
Paul Demik of DK Realty Partners, LLC announced today the negotiated sale of Park Lawn Plaza located at 9600-9652 S. Pulaski in Oak Lawn, IL.
The 24,685 square foot Retail Center is 100% occupied with (12) twelve units ranging in size from 800 square feet to 4,315 square feet. “What made Park Lawn Plaza a high-demand investment property is its location, 100% occupancy and its well maintained with an attractive façade and landscaping,” said Paul Demik, principal for DK Realty Partners.
The (16) sixteen year old neighborhood shopping center has a newer parking lot (1998 - 104 spaces) and a new granular surfaced APP modified asphalt membrane roof over metal duck. “The Property in Oak Lawn was an excellent investment for the sharp investor,” said Demik. “The Property was purchased for $3.3 million dollars, a total winning situation for all involved.”
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
100% OCCUPANCY MAINTAINS STRENGTH AT 140 SHEPARD AVENUE IN WHEELING, IL
DK Realty Partners, LLC Closes Property for $1.2 Million.
Paul Demik of DK Realty Partners, LLC announced today the negotiated sale of 140 Shepard Ave. in Wheeling, IL.
The Building at 140 Shepard Ave., located in an industrial park in Wheeling is a single-story, 30,000 square-foot, multi-tenant industrial property. The Property is 100% leased office and warehouse space divided into ten units.
“There’s something to be said for a stable investment,” said Paul Demik, principal of DK Realty Partners, LLC. “The Wheeling Property is 100% occupied, strong location and a 9 ½% Cap Rate. A perfect investment.”
The Property sold for $1,200,000.00.
The closing took place at Chicago Title & Trust Company located in Mt. Prospect, IL with Gerald A. Prendergast, of Prendergast & DelPrincipe located in Evergreen Park representing the buyer and Wade B. Light of Wade B. Light & Associates located in North Barrington, IL representing the seller.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
‘HOT’ RE-DEVELOPMENT IN DES PLAINES BRINGS IN NEW OWNERSHIP AT 1583-1585 ELLINWOOD
DK Realty Partners, LLC closed highly desirable property located one block east of the Metra train station.
Paul Demik of DK Realty Partners, LLC announced today the negotiated sale of 1583-1585 Ellinwood in Des Plaines, IL.
The property is a two-story, multi-tenanted retail/office building with a full, finished lower level. The 15,000 square feet building and its tenants are highly visible to the passing commuter trains and its populous residential community. The building contains three floors of tenant suites, 29 in total, ranging in size from 90 square feet to 1,517 square feet.
“I was very excited to be a part of the Ellinwood transaction,” said Paul Demik, Principal of DK Realty Partners, LLC. “The property is highly visible, 97% occupied and is well balanced with retail on the first floor and mostly services businesses on the second floor. The upside potential is obvious.”
The seller of the property was a partnership located in Des Plaines, IL and was represented by Robert Singer of Mt. Prospect, IL.
The purchasers of the property is Metropolitan Development Enterprises located in Skokie, IL. They are represented by Steven D. Friedland of Schiff, Hardin & Waite of Chicago, IL.
The closing took place at the Chicago Title & Trust Company in Mt. Prospect, IL.
The property was purchased for $895,000.00.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS, LLC CLOSES SERTA, INC. HEADQUARTERS FOR OVER $5 MILLION
Experienced investors find attractive offering with the home of the #2 worldwide mattress manufacturer.
Paul Demik, principal for DK Realty Partners, LLC announced today the negotiated sale of the Serta, Inc. headquarters located in Spring Lake Business Park in Itasca, IL. The single-tenant, office/research facility totals 38,825 square feet on 3.35 acres of land.
“I had the opportunity to work with a group of private investors who, for years, had invested mainly in multi-family properties,” said Paul Demik, for DK Realty Partners. The investors had just sold an apartment complex and needed a quality investment to serve as replacement property in a 1031 exchange. They had researched the marketplace without result.”
The private investors then contacted DK Realty Partners. They had never utilized their services before, but knew of DK Realty Partner’s professional, results-based reputation. Because the multi-family market was not matching the criteria of the private investors, DK Realty developed a solution that met and surpassed the investor’s expectations.
DK Realty Partners knew that the building that Serta, Inc. leased for its headquarters was available for purchase and that Serta had a long-term lease in place.
“This was a genuine opportunity,” Tyler Neptune continues. “The exchange was structured utilizing a triple-net leased property, which we were able to negotiate purchasing at a 9% Cap. This was an attractive property that continues to be well maintained by the tenant, Serta, Inc., and produces excellent cash flow for the investors.”
The purchase price was $5,037,500.00
The original single-tenant, brick/block building was constructed in 1995 consisting of 29,325 square feet of office space and 9,500 square feet of warehouse/research area.
If you would like additional information on this transaction or other 1031 exchange transactions by DK Realty Partners, LLC, call Paul Demik at (847) 397-8900 x217 or e-mail pdemik@dkrealty.com
DK REALTY PARTNERS, LLC PROVES STRENGTH IN COMMERCIAL REAL ESTATE WITH 3 CLOSES TOTALING $3.86 MILLION
Properties in Schaumburg, Elgin and Oak Lawn
Paul Demik of DK Realty Partners, LLC announced today the negotiated sale of 501 Morse Avenue, Schaumburg; 943-955 N. McLean Blvd, Elgin; and 9740 Southwest Highway, Oak Lawn.
501 Morse Avenue in Schaumburg
This building is a single-story, 21,000 square-foot, multi-tenant industrial property located on a 42,000 square-foot lot. The Property is 100% leased office and warehouse space divided into eight units.
“This was a prime opportunity for an investor with a positive upside, based on average rentals of $6.57 per square foot,” said Paul Demik, principal of DK Realty Partners, LLC.
The partnership and the purchaser acquired the Property to consummate a 1031 tax-free exchange. The Property sold for $815,000.00.
943-955 N. McLean Blvd. in Elgin
This building is a modern, 10-year-old, single-story, multi-tenant, 23,872 square-foot retail center with 10 units ranging in size from 1,050 to 12,000 square feet.
“This is a strong Property with 89% occupancy and a solid base of tenants such as Walgreens, Bo Rics, Check ‘n Go Illinois, Jackson Hewitt Tax Services and Alpha Communications,” said Demik.
The seller is the original developer/general partner. The buyer is R & P Limited Partnership. The Property sold for $2,700,000.00.
9740 Southwest Highway in Oak Lawn
This property is a free-standing, one-story, brick building on a 100’ x 115’ lot.
“A local investor purchased the property because of the location and the visibility it will receive from the high traffic area of Southwest Highway,” concluded Demik.
The Property is located on the north side of Southwest Highway, one mile southwest of 95th Street (US Rt. 20) and three miles east of Harlem Avenue. and the 95th Street interchange with Interstate 294. The Property is also five blocks east of Chicago Ridge Mall.
The Building was originally leased to Safelite Glass Company (formerly Globe Glass) who consolidated and bought out the lease. It is currently improved as an auto service building divided into two sections: One section is a 1,600 square foot showroom/customer waiting area, and the second section is a large open service area with four double overhead doors.
If you would like additional information on these properties, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS, LLC CLOSES PISTAKEE MARINA FOR $1.1 MILLION
Key investment update supplies boats with easy fueling access.
Paul Demik, principal of DK Realty Partners, LLC announced today the negotiated sale of Pistakee Marina located at 410 Kings Road in Fox Lake, IL.
The Marina is located on five (5) acres on Pistakee Lake in Fox Lake, IL, a major part of the Chain O’ Lakes system. The lakes cover approximately 64,000 acres of water and over 100 miles of shoreline. The property includes 45 piers that accommodate 90 boat slips. All of the boat slips include electricity and fresh running water.
A key investment was made to the property including three fuel storage tanks that supply a fueling platform located on the water for easy boating access.
“First State Bank of Round Lake, the former owner of the property; Patrick Short, the new owner; and I all knew that, with a minimal investment into the Marina, it would prove to be a strong, valuable piece of property,” said Paul Demik of DK Realty Partners, LLC. “And it is. $1.1 million dollars worth.”
The Marina consists of three (3) buildings totaling 20,263 square feet. The Office and Sales building is 4,038 square feet, Service and Storage building is 15,489 and the Garage and Storage building is 736 square feet. These buildings support an off-season storage business making the Marina a year-round source of revenue.
The seller of the Marina was First State Bank of Round Lake and was handled by Richard D. Fowles, its president.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS, LLC CLOSES ROCKFORD CROSSING SHOPPING CENTER FOR $10.5M
New Shopping Center has strong retail tenants and solid cash flow.
DK Realty Partners, LLC, announced today the negotiated sale of Rockford Crossing Shopping Center, a 90,000 square foot property.
“The seller, DESCO, located in St. Louis, MO, built the property in a highly desirable location and did a thorough job in development and leasing,” said Mr. Kaufman of DK Realty. “Halyard State, LLC of Northbrook, IL is the purchaser of the property with stable, high traffic retailers including Best Buy and Linens n’ Things.”
Both Best Buy and Linens n’ Things currently have 15 year leases and the next largest tenant, Hallmark, with a five years. The Shopping Center sold for $10,500,000.00.
Financing of $8,480,000 was arranged by Stephen A. Weiss of Fortune Financial Corp., a Northbrook, IL mortgage brokerage firm. The lender was First Bank of Highland Park.
David M. Kaufman, CCIM of DK Realty Partners, LLC was the broker for the purchaser. Marty Becker of Becker & Gurian, located in Highland Park, IL represented the purchaser.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
CLEARBROOK MOVES TO WOODFIELD BUSINESS DISTRICT
DK Realty Partners, has announced that the firm's sales associate Robert Rosenthal represented the buyer in the purchase of a 25,600 square foot office/industrial building at 1425 Payne Ave., Schaumburg, Illinois, for $1,375,000. Located several blocks west of Woodfield Mall in the Woodfield business district, the 2.5 acre site was purchased by Clearbrook, a private not-for-profit agency creating support for children and adults with developmental disabilities.
According to Rosenthal, a DK Realty specialist in commercial real estate brokerage, "This desirable, well-located property offers a great opportunity for Clearbrook to operate its largest day program. The participants in the program can do light assembly work as well as receive occupational, physical, speech, and language therapy. It's a great feeling to have found a new home for such a worthy group."
DK Realty Partners specializes in negotiated, and sealed-bid and live-cry auction sales of commercial/industrial and residential properties nationally. The firm's professional team successfully sold more than 8,000 properties, grossing more than $1.7 billion in the past 20 years. The team also manages office buildings in the Chicago metropolitan area.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
NORTHEASTERN ILLINOIS UNIVERSITY SELLS HOME OF FORMER UNIVERSITY PRESIDENT
DK Realty Partners has closed on the sale of a single-family home in Northfield, Illinois. The property, owned by Northeastern Illinois University as housing once for it's former president's family, is 1.5-story, 3,498 sq.ft. home with four bedrooms and three baths on a secluded 1-acre corner lot at 455 Whittier Lane (a private lane) in Northfield.
As a state-owned institution, the university was required by law to offer the property for sale via a public auction. DK Realty Partners was selected from a group of more than 100 contractors who were solicited for the job.
To that end, the property was marketed for two months culminating in an auction on June 26, 1999. Bidding stalled at $450,000 at which point the University rejected the bid, based on its minimum requirements as defined by three pre-sale appraisals. In the months that followed, the University had the property re-appraised and re-offered the property for sale. Again, DK Realty Partners marketed the property for two months, and on December 15, 1999 sold the property for $500,000 to a bidder who had also attended and bid at the auction in June. "I should have bid more at the first auction and gotten it over with then," said the buyer after auctioneer, David Kaufman, declared the property "SOLD."
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
KENDALL COLLEGE BUYS EVANSTON HOME AT AUCTION
DK Realty Partners has closed on the sale of the single-family residence at 2344 Orrington Avenue, Evanston, Illinois. The property, a 3,035 sq.ft., 2.5-story English-style home, is located on a 1-acre site adjacent to Kendall College on the northern border of the property.
The college, which also owns the single-family home which borders the property on the south, was one of five bidders who submitted sealed bids on Wednesday, November 10, 1999. Those bids were reviewed by the seller, a national bank acting as trustee for the property's estate. The bidders where then invited to participate in a live-cry auction. Bidding narrowed to two bidders, one which was Kendall College whose final winning bid was $612,000.
The home, built in 1905, was continuously occupied by the Jahn family until Mr. Oliver Jahn's death in 1998. The bank, acting as trustee for the estate, has had success with sealed bid/auctions conducted by David Kaufman in the past and was pleased with the results obtained for this property, as well.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
HISTORIC SKOKIE PROPERTY SOLD AT AUCTION TO PARK DISTRICT
DK Realty Partners has closed on the sale of the property at 5319-5333 W. Oakton, Skokie, Illinois. The property, a 1.37-acre parcel, is the former Henry Harms historic homestead. Harms was the founder of Niles Center, the village which later changed its name to Skokie. The farmhouse on the site was his final home in the community.
That structure, which was a rental home at the time of the sale, stands next to a much newer home built by the property's last owner, Robert "Bud" Springer. Springer died in 1998 and his trust ordered the auction sale of the property. Hundreds of prospects, including some representatives from the Skokie Park District, inspected the property during the four scheduled open houses prior to the auction.
Besides the Park District, bidders at the auction included area developers hoping to scoop up this rare walk-to-town location with designs on a planned-unit development, as allowed by Skokie's R-2 zoning at the site. It was that possibility that prompted the interest of the Park District. In an April 15, 1999 Pioneer Press article, staff writer Kathy Routliffe reported that "Kristin O'Regan, supervisor of the Skokie Historical Museum run by the Park District, said her concern and that of the Historical Society members is that a buyer may demolish the Harms House to make way for development such as condominiums."
To that ends, the Park District was the high bidder at the auction held April 15, 1999 and closed on the property June 4, 1999 for $1,096,500.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
PROPERTIES AT ADAMS & JEFFERSON ARE SOLD
DK Realty Partners has closed on the sale of three properties in Chicago’s central business district. 206 S. Jefferson Street consisted of a two story plus basement renovated 4,000 square foot sprinklered office building (1,500 square feet) with 8 foot clear ceilings. . 609 W. Adams Street is a one story 3,000 square foot renovated brick office building that was sold together with 611 W. Adams Street a three story renovated 15,000 square foot loft sprinklered brick office building plus full 6 foot clear basement.
Located within 2 blocks of the Kennedy Expressway (I-90 & I-94), Union and Chicago & Northwestern train stations in Chicago's Central Business District, the sales price for these three properties was $1,460,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
AUCTION NETS $8,450,000 FOR ASHWAUBENON SHOPPING CENTER
DK Realty Partners has sold the 210,000 square foot Ashwaubenon Shopping Center, located in Ashwaubenon (Green Bay), Wisconsin on behalf of an unnamed pension fund and its advisor, Draper & Kramer (Chicago, Illinois). The purchaser was an investment partnership originated by Mooney Le Sage Group of Milwaukee that paid $8,450,000 for the property that was marketed for sale at an auction conducted in Chicago. The auction produced eight bidders.
Built in 1990, Ashwaubenon Shopping Center, is situated on an 18.62 acre site and has parking for 972 cars. The center consists of 29 stores ranging in size from 1,275 to 46,034 square feet and is anchored by Super Valu Foods, Dunham's Sporting Goods, Discovery Zone, Fashion Bug and a free standing Office Max. The gross income for the center is $1,705,000 and at the time of the sale it had an occupancy of approximately 82%.
"This is approximately the twentieth community size retail property marketed through our employment of an auction, sealed bid auction or a negotiated method of sale, for clients including developers, pension funds, banks, and government agencies," said Kaufman. "We have completed sales such as these in Florida Illinois, Texas, Arizona, Iowa, Colorado and the District of Columbia." "Cap rates have varied from 10% for The Willowcreek Shopping Center, in Prescott, Arizona to 15% for a center in Orlando, Florida," Kaufman continued. "Due to low interest rates, cap rates are higher now than they have been in a while, which means prices are strong. This is a good time to sell. And because of positive leverage, it’s also a good time to buy."
Kaufman observed that the choice of the method of sale to be utilized in marketing commercial and investment properties hinges on the nature of ownership and depth of demand in the marketplace for the specific property. "It is more of an art than a science," commented Kaufman. "What gives our firm a great advantage is the thousands of contacts with investors and owner/developers that we have developed nationwide as a result of years of experience and marketing."
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
OMNI SHOREHAM HOTEL SOLD AT AUCTION
DK Realty Partners sold the Omni Shoreham Hotel in Washington, DC for $40 million via the auction method of sale for Bankruptcy court. The high bidder was an offshore hotel group. Washington DC, being considered a hub of domestic and international political affairs and business activities, made this acquisition especially attractive.
Since its opening in 1930, the Omni Shoreham played a major role in the social, business and political life of the nation’s capital city. Most presidential inaugural balls beginning with Franklin Delano Roosevelt were held at this hotel. At the time of sale, the hotel’s occupancy rate was 76%, among the highest of any hotel in the city.
The hotel’s 770 guest rooms and 55 luxury suites are appointed with handsome, contemporary furnishings yet reflect the grandeur of the 1930’s architecture throughout the hotel.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
THE SHOPPES AT FOXFIRE, PALATINE, ILLINOIS
Paul G. Demik announces the sale of a modern one-story multi-tenanted 35,056 sq.ft. retail center at 2070 N. Rand Road, Palatine, Illinois. The center contains 17 units ranging in size from 989 sq.ft. to 5,040 sq.ft. Amenities include attractive façade, professional landscaping, newer parking lot (148 spaces), as well as newer roofs. The property is well-maintained and offered an astute investor tremendous upside potential.
Included in the 5.95-acre site were two outlots: Lot #1 (Rand Road access) is 13,942 sq.ft., and Lot #2 (Hicks Road access) is 14,972 sq.ft. The center is ideally located at the southwest corner of Rand and Hicks Roads, in an area experiencing tremendous growth and construction, as well as 32,000 vehicles daily as an average traffic count. The site is zoned P – Planned Development.
At the time of sale, all units were leased on a net basis (with tenants paying their proportionate share of real estate taxes, common area expenses and management) and Scheduled Gross Income was $500,000.
The property sold for $2,400,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY CLOSES ON TWO HIGH-QUALITY COMMERCIAL INVESTMENT PROPERTIES
Paul Demik of DK Realty Partners, LLC announces the sale of Kinko's at 205 W. Rand Road, Arlington Heights, IL and New York Square Shopping Center at the SW corner of E. New York Street and Route 59, Aurora, IL.
205 W. Rand Road, Arlington Heights, IL is an 8,976 sq. ft. free-standing, one-story retail building leased on a net basis by Kinko's, with ownership responsible for roof and structure only. Parking for 35 vehicles is located at the front and back of the building with ample room to expand. Quality construction, excellent location and very attractive investment.
The property is ideally located 1/4 mile northwest of the intersection of Rand and Arlington Heights Roads (directly across from Arlington Plaza).
The property sold for $1,500,000.
New York Square Shopping Center is a 39,885 sq. ft. brick shopping center on 3.92 acres at the southwest corner of E. New York Street and Route 59 in Aurora, IL. The building was erected in 1989 and is 100% occuped. Tenants include Office Max, Well Fargo Home Mortgage, Inc., Fruitful Yield and ATI of Naperville, LLC. Kohl's department store adjoins the center to the east but is not part of the property. However, the Kohl's store and New York Square are perceived by the consumer to be one center and Kohl's serves as an 'anchor' to the property. There are 118 parking spots on the site but it also enjoys the entire parking allotted to Kohl's vis-a-vis a perpetual cross easement with Kohl's. There is one monument sign on the property featuring Kohl's and all tenants in New York Square and each New York Square tenant has sign exposure on the front of their respective stores and along the north side of the building.
The property is located at the southwest corner of E. New York Street and Route 59 in an outlot of the Fox Valley Mall in Aurora, IL. The building is approximately four miles south of I-88, the East/West Tollway, which is accessible via full interchange at Route 59.
The property sold for $4,925,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
INDUSTRIAL LAND IN PRESTIGIOUS CORPORATE GROVE
Paul G. Demik announces the sale of a 6.37-acre vacant parcel of land in the Corporate Grove Industrial Park at 1500 Busch Parkway, Buffalo Grove, Illinois. The site, which has 439' of frontage on Busch Parkway, is just west of the intersection of Busch Parkway and Milwaukee Avenue. The property boasts a 25,750 sq.ft. retention pond along the parcel's western border and favorable Lake County taxes. The land was sold for Okamoto Corporation as excess real estate. A developer purchased the land on speculation for a multi-tenanted industrial building.
The property sold for $1,330,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON GROSS POINT OFFICE CENTER IN SKOKIE, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 8930-8950 Gross Point Road, Skokie, IL.
The property is a one-story, two-building office complex that contains a total gross building area of 55,512 square feet. The property was originally constructed as an industrial facility in the 1950s and was completely renovated and converted to multi-tenant office use in 1987. The 8930 building currently contains eight tenant suites ranging in size from 1,388 sq. ft. to 6,686 sq. ft.; and the 8950 building contains three tenant suites ranging in size from 5,240 sq. ft. to 12,000 sq. ft. The improvements are situated on a land parcel containing 3.492 acres. The site is attractively landscaped and includes a parking are of 153 spaces.
The property is located at the northwest corner of Suffield Court and Gross Point Road in a mixed-use area that consists of office, commercial and residential uses.
The property sold for $5,425,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON BANK DIRECTED SALE OF PRIME DEVELOPMENT SITE
Paul Demik and Tyler Neptune of DK Realty Partners, LLC announce the bank ordered sale of 1800 W. Balmoral Avenue, Chicago, IL.
The property is an ideal development site in an area experiencing extensive growth. It has a lot size of 2.40 acres and has 121 foot frontage on Balmoral Avenue with 843 foot depth.
The property is located on the north side of Balmoral Avenue. It is adjacent to the Union Pacific North Line.
The property sold for $750,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON TWO HIGH-QUALITY OFFICE AND INDUSTRIAL PROPERTIES
Paul Demik of DK Realty Partners, LLC announces the sale of 1441 Branding Lane, Downers Grove, IL and 55 W. 22nd Street, Lombard, IL.
1441 Branding Lane, Downers Grove, IL in the Branding Business Center is an attractive single-story multi-tenant Class B office/service building containing approximately 47,890 square feet. The net rentable square footage is 47,576, which is comprised of approximately 80% office and 20% warehouse and is currently divided into eight tenant spaces. The building is anchored by Advocated Health Care, a strong credit tenant, occupying 45% of the total building. The common areas of this well-located building includes a loading dock with one drive-in and two truck-bed level doors. Additionally two tenant spaces have private-access doors. These ample loading docks and overhead doors make the building a prime attraction to sales organizations and service centers. There is blacktop-paved illuminated parking for 145 vehicles on site.
The property is ideally located on the south side of Branding Lane (one block south of Butterfield Road/Route 56 and approximately 400 feet east of Finley Road). The building fronts Branding Lane with 475 feet of frontage. The property enjoys an excellent proximity of I-88/East-West Tollway and to I-355/North-South Tollway and is surrounded by nearly a million square feet of thriving retail and service businesses. The location focuses tenant interest on companies demanding easy access to excellent highway transportation links.
The property sold for $4,995,000.
55 W 22nd Street, Lombard, IL in the Lombard Corporate Center is a three-story 50,911 square foot masonry and concrete building. In 1998/1999 an entire building renovation was undertaken as follows; new ADA entrance ramp, new electrical service, new carpet and wall treatment in common areas, completely refurbished washrooms, new key card access security system, new glass vestibule at north entrance, state-of-the-art fire and life safety computer system with controlled smoke and heat detectors and annunciators, new common furnished conference center and vending area for tenants, new building logo and signage. The building is serviced by one 2,500 pound Schindler Elevator as well as two convenient stair halls and entranceways. Extensive new landscaping was completed in 1998. Improvements include 300 feet of interlocking retaining brick, numerous trees and perennial plantings. There are approximately 249 parking spaces on the site or 4.9 spaces per 1000 square foot of rentable space.
The property is located 400 feet west of the southwest corner of 22nd and Main Streets in Lombard, IL. The major thoroughfares serving the property include Route 53 to the west, Roosevelt Road to the north and Butterfield Road to the south. The building is one-half mile east of I-355, the North-South Tollway, which is accessible via full interchanges at Butterfield and Roosevelt Roads. The East-West Tollway is less than one mile to the south. Building location allows outstanding access to both O'Hare and Midway Airports.
The property sold for $ 5,350,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON PROFESSIONAL BUILDING IN HANOVER PARK, IL
Paul Demik of DK Realty Partners, LLC announces the DuPage Circuit Court-ordered sale of 1060 E. Lake Street, Hanover Park, IL.
The property is a 14,145 sq. ft. two-story and lower level , professional office building on a 40,000 sq. ft. corner lot at the southwest corner of Lake Street (U.S. Rt. 20) and Arlington Drive East in Hanover Park, IL.
Built in 1988, the building is well-designed with an open lobby area with two reception desks and fireplace, private window-office spaces, two large executive offices, conference room, men’s and women’s washrooms on each floor, a central elevator, vaulted ceilings, dormer windows, unfinished storage on lower level, open wood staircase to all levels, ceiling fans and chair rails in many offices, tastefully decorated throughout. The exterior of the building is attractively constructed of painted cedar siding and brick and is accented with shutters and dormer windows. There is on-site parking for 49 vehicles. Surrounding businesses/properties include McDonald’s, Extended Stay America, First Eagle National Bank, Greenbrook Plaza, Turnberry Lake International Business Center. Alexian Field is located less than four miles east at the Irving Park/Springinsguth Road exit of the Elgin-O’Hare Expressway.
The property is ¼ mile east of the terminus of the Elgin-O’Hare Expressway at Lake Street providing a direct route to I-290, I-355 and the Tri-state Tollway system and is located just 1.5 miles from the Hanover Park stop of the Metra/Milwaukee District West Line (out of Union Station).
The property sold for $651,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON COVE PLAZA IN LOMBARD, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 400-436 W. 22nd Street, Lombard, IL.
The property is a modern one-story multi-tenanted 24,300 sq. ft. retail center containing 14 units ranging in size from 800 sq. ft. to 3,600 sq. ft. Amenities include attractive exterior, professional landscaping, abundant parking, as well as newer roofs. All u nits are leased on a net basis with tenants paying their proportionate share of real estate taxes, common-area expenses and property management fees.
The property is conveniently located at the northeast corner of 22nd Street and Finley Road with easy access to I-355, Downers Grove and Oak Brook.
The property sold for $2,225,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON BLOCKBUSTER VIDEO IN FRANKLIN PARK, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 10272 Grand Avenue, Franklin Park, IL.
The property is 8,282 sq. ft. free standing, one-story retail building leased on a net basis by Blockbuster Video, with ownership responsible for roof and structure only. Parking for 40 vehicles is located at the front and sides of the building and along the eastern border of the property. Originally built as an 8-unit strip center, the building is equipped with a men's and women's washroom and stub-ins for seven additional washrooms as well as eight gas-fired furnaces and electric-powered air conditioners.
The property is ideally located on the north side of Grand Avenue, approximately 1/4 mile east of the intersection of Grand Avenue and Mannheim Road.
The property sold for $1,400,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
DK REALTY PARTNERS CLOSES ON CENTRAL OFFICE PLAZA IN MOUNT PROSPECT, IL
Paul Demik of DK Realty Partners, LLC announces the sale of 500 W. Central Road, Mount Prospect, IL.
The property is a modern two-story elevator office building built in 1971, containing a total gross leasable area of 24,400 sq. ft. Construction includes concrete; steel and glass; flat built-up composition roof; gas-fired forced-air heating system; and roof-mounted cooling units. Lighted, on-site asphalt-paved parking is available for 71 vehicles.
The property is strategically located at the northwest corner of Central Road and Northwest Highway in Chicago's northwest suburban "Golden Corridor", which offers excellent accessibility to the metropolitan expressway system and is conveniently located near the Metra commuter line.
The property sold for $1,075,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
3233 N. ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL
Paul G. Demik announces the sale of a modern three-story elevator office building built in 1980, containing a total gross leaseable area of 27,009 sq.ft. Its excellent location and condition attract various medical and professional tenants as occupants. The property is well maintained and is strategically located in Chicago’s northwest suburban "Golden Corridor," which offers both excellent accessibility to the metropolitan expressway system and the amenities of nearby downtown Arlington Heights with its shopping, restaurants and Metra commuter line.
At the time of sale, the property was 95% occupied, owned by a private investment group, and offered an astute investor tremendous upside potential.
The property sold for $1,725,000.
If you would like additional information on the property, contact Paul Demik at 847/397-8900 x217 or pdemik@dkrealty.com
Featured Property
The Featured Property is updated weekly, please check back often.
OWNER ORDERS IMMEDIATE SALE - VOLO, IL
2 industrial condo units
Priced below market
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3,638sf w/ 864sf of office
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Zoned L-1 Light Industrial
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Intersection of Rt 120 & 12
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14' clear ceilings & 10' overhead doors
CONTACT:
Paul G. Demik
(847) 397-8900 x217
DK Realty News & Updates
DK Realty Partners inks four year lease deal at Techny Court, Northbrook, IL. A 1,700 sq. ft. industrial unit.
DK Realty Partners Closes on 5,700sf Office Condo in Inverness, IL. A 5,700 sq. ft. 2-story office condo in Williamsburg Village Professional Offices development.
DK Realty Partners CLOSES ON SALE OF second industrial building in West Chicago, IL. A 14,200sf free-standing industrial/warehouse building.
DK Realty Partners closes on the sale of a bank-owned property. A 12,000 SF Office Building, located in Des Plaines, IL.
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