Commercial Real Estate Illinois

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For Sale At Public Auction

 

By Order of Lender

 
Two Medical Office Buildings

Sealed Bid Auction Sept 7th

Opening Bids Under $30/SF

5019 and 4911 Executive Drive
Peoria IL

Sealed Bid Auction - Deadline Sept 7th, 2017

Must Be Sold!
 

Buiding 1 - Key Details:

  • Starting Bid $ 449,000 ($21/SF)
  • Property Type : Medical Office
  • Square Feet : 20,688
  • Lot Size : 1.2 acres
  • Year Built : 1985
  • % Occupied : 26%

Multi-tenant former medical office building with full basement and elevator. Currently 15,3258 sf available for lease. Includes the parking lot across Executive Drive which is a 37,000 SF lot. Two Parcels: APN: 14/20/253/001 APN: 14/20/276/033.  Part of an owners association for private road and parking lot maintenance


Buiding 2 - Key Details:

  • Starting Bid: $159,000 ($30/SF)
  • Property Type : Medical Office
  • Square Feet : 5,300
  • Year Built : 1985
  • Occupancy: 50% (negotiating with tenant to take entire building- national credit tenant)
Small medical office building 50% leased. Ideal for medical user who wants rental income with expansion possibility down the road. May be purchased separately from 4019 Executive Drive. Ample parking (in common with other tenants in the complex)

Diligence materials on the auction website.  Click link below to view.

Auction conducted by Heritage Global Partners in alliance with Zetabid, Inc.  Subject to exceeding minimum reserve price.  5% buyer premium to be paid at closing.  Broker Cooperation 3%  Assets are lender owned and have limited operating history. 

Listing Broker:  Dan Maloof, Maloof Commercial Real Estate
Phone:  (309) 693-3000
View Auction Website
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