News
In Like a Lion, Out With an Auction
February 14, 2011
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| If the best auction item you've ever won is game-used Moises Alou chewing gum on eBay, prepare to step up your game. Inland Real Estate Brokerage & Auctions is live-auctioning multiple income-producing investment properties in Chicago and Northwest Indiana on March 23. Properties up for auction include: an operating expresscar wash/detail center on Route 30 in Valparaiso, Ind; a three-flat at 6135 S. Evans; a two-flat at 8046 S. Marquette; a two-flat at 8346 S. Colfax; a two flat at 8448S. Exchange Ave; and three condo units at 5914 S Martin Luther King Dr. A 39k SF freezer-cooler building inAshkum, Ill. will also be sold for a suggested opening bid of $100k. Inland Auction president Paul Rogers says these are part of a trend of buildings that are cash-flowing, with troubled owners, going to auction. The car-wash is appraised at $1.4M while the freezer-cooler building has an estimated value of $3.1M. |
