516 Morse Ave

Schaumburg, Illinois

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Building

Stats

  • Property Type Industrial - Manufacturing
  • Year built 1980
  • Building size (SF) 5,000

Overview

This property is owned by the Cook County Land Bank Authority. The Authority requires a buyer to fill out the checklist with their plan for the property. After the Authority vets the plan and accepts the price offer, they will create a term sheet. Once agreed to the term sheet, a non-refundable deposit of $5,000 is required. The Authority will provide a new Phase 1 Environmental, where needed. After the term sheet and deposit, the Authority will create a purchase and sale agreement which will provide an additional 30 days of due diligence and a close 60 days or sooner after the end of the due diligence process.

Highlights

Available Building Sf: 5,000

Land Site: 15,840 Sf

Ceiling Height: 13’6” - 14’0”

Columns: 25’w X 20’d

Drive-In Doors: 2 (10’W x 12’H)

Power: 400 Amps; 240 Volt; 3 Phase

Heat: Gas
Year Built: 1980

Construction: Masonry

Availability: Immediate

Zoning: M1-1

APN/Parcel ID: 07-33-202-081-0000

Owner: Cook County Land Bank Authority

Sale Price: $299,000

Location Map

Team

Steven Kohn SIOR

Principal
Avison Young - US - IL - Chicago
+1 847 849 1912

Downloads

516_Morse_Avenue_Brochure_-_For_Sale.pdf

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