4608-4612 W 20th St
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4608-4612 W 20th St
12,196 SF Industrial Building Chicago, IL 60804 $150,436 CAD ($12 CAD/SF)
INVESTMENT HIGHLIGHTS
- 4608-4612 W 20th Street is presented as a redevelopment asset through Cook County Land Bank Authority.
- This is a vacant, single-tenant industrial building spanning 12,196 square feet at the end of a 0.28-parcel.
- A few blocks from the World Distribution Group-CICERO railroad terminal and 18 miles from Chicago's O'Hare Airport.
- Avison Young is ready to seamlessly guide a new buyer through the acquisition process with Cook County Land Bank, inquire today.
EXECUTIVE SUMMARY
4608-4612 W 20th Street is presented for sale by the Cook County Land Bank Authority. This is not a traditional sale, as the asset is a high-vacancy property presented for redevelopment.
Buyer Must:
Apply on the CCLBA Website prior to touring the property (please see the link section below). Buyer will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens. Once approved to tour, bringing a contractor with is highly recommended because these properties have typically been vacant for several years and need substantial rehabilitation. The buyer will need a contractor’s estimate to bring the property to occupancy permit, a letter or email of support from the Village or City, and be able to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per-foot basis. The buyer will need a strategy to address this. Contact a Commercial Real Estate Tax Attorney to discuss this. Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing; buyers pay their own brokers directly.
Inquire with Avison Young today. We are here to help you navigate the process and tap into this property's immense upside.
Buyer Must:
Apply on the CCLBA Website prior to touring the property (please see the link section below). Buyer will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens. Once approved to tour, bringing a contractor with is highly recommended because these properties have typically been vacant for several years and need substantial rehabilitation. The buyer will need a contractor’s estimate to bring the property to occupancy permit, a letter or email of support from the Village or City, and be able to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per-foot basis. The buyer will need a strategy to address this. Contact a Commercial Real Estate Tax Attorney to discuss this. Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing; buyers pay their own brokers directly.
Inquire with Avison Young today. We are here to help you navigate the process and tap into this property's immense upside.
PROPERTY FACTS
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $195,797 CAD | |
| Land Assessment | $44,645 CAD | Total Assessment | $240,442 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,645 CAD
Improvements Assessment
$195,797 CAD
Total Assessment
$240,442 CAD
ZONING
| Zoning Code | M-2 (Manufacturing) |
| M-2 (Manufacturing) |
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4608-4612 W 20th St
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