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NORTHBROOK, Sick., July 29, 2024 /PRNewswire/ — Hilco Real Estate Sales broadcasts August 14, 2024, because the bid cut-off date for the sale of this former hotel turned housing facility in Chicago’s North Shore.
In-built 1971, this 71,580± SF, five-story development was once firstly built as a Ramada Inn. Over time, the attribute has passed through in depth renovations to grow to be it into a contemporary dwelling nation. The tide facility is composed of 105 gadgets: 95 studio residences averaging 316± SF and 10 one-bedroom gadgets starting from 632± to 720± SF. Additionally incorporated is the lately built 20,000± SF business dimension preferrred for a lot of makes use of together with grocery operations, eating or dinner party corridor for website hosting occasions and meetings.
The attribute, positioned at 700 Sheridan Highway, Highwood, IL, is equipped with facilities designed to improve the component of future for its citizens or visitors, inclusive of an up to date foyer/reception segment, library, mail room, attractiveness/barber store, multi-purpose room, front room, sundry bundle, indoor puddle and sauna, wellness/treatment amenities and advertising and marketing and control workplaces – all of which create for a very easy transition for a unused investor or proprietor to start out website hosting tenants.
Highwood is nestled in Chicago’s prosperous North Shore and surrounded through noteceable suburbs like Highland Ground, Glencoe, Winnetka, Evanston, Wilmette and Pool Jungle. Particularly, Wilmette and Lake Forest rank among the top 50 of America’s Wealthiest suburbs. Those communities attribute top-rated faculties, gorgeous lakefront perspectives, common golfing classes and scenic jungle preserves. The presence of such prosperous neighborhoods complements the enchantment of the segment for attainable citizens, promising a top quality dwelling circumstance.
Simply 27 miles from the Chicago Loop and 20 miles from O’Hare Airport, the web page advantages from key transportation hyperlinks like Interstate 94, IL Direction 22, IL Direction 131 and U.S. Direction 41, in addition to Metra’s Chicago & North Western/North Form commuter trains and Future bus carrier. This high location, surrounded through colourful communities and magnificient transportation choices, makes the attribute preferrred for creation a thriving trade.
Chet Evans, vp at Hilco Actual Property, mentioned, “With its vast array of amenities and ideal location next to North Shore’s finest boutique shops, fine dining, country clubs and nature preserves, 700 on Sheridan presents an opportunity for residents and guests alike to thrive and enjoy a high standard of living in this all-inclusive site.”
Bids will have to be won on or ahead of the bid cut-off date of August 14 at 5:00 p.m. (CT) and will have to be submitted at the Acquire and Sale Word to be had for overview and obtain from Hilco Real Estate Sale’s website.
bidders must overview the necessities to deliver to take part within the sale procedure to be had on Hilco Real Estate Sale’s website. For additional data, please touch Chet Evans at (847) 418-2702 or [email protected].
For additional data at the attribute, sale procedure, and phrases or to acquire get right of entry to to due diligence paperwork, please discuss with HilcoRealEstateSales.com or name (855) 755-2300.
About Hilco Actual Property Gross sales
Effectively positioning the true property holdings inside of an organization’s portfolio is a subject material detail of creation and keeping up a robust monetary understructure for long-term good fortune. At Hilco Actual Property Gross sales (HRE), a Hilco International corporate (HilcoGlobal.com), we recommend and explode methods to help purchasers in search of to optimize their actual property property, toughen money wave, maximize asset worth and decrease liabilities and portfolio chance. We assistance purchasers traverse complicated transactions and transitions, coordinating with inner and exterior networks and constituents to navigate ever-challenging marketplace environments.
The relied on, full-service HRE workforce has fasten billions in worth for masses of purchasers over 20+ years. We’re deeply skilled in complicated transactions together with clever hire renegotiation, multi-faceted gross sales buildings, strategic asset control and capital optimization. We perceive the felony, monetary, and actual property elements of the method, all of which might be important to a a hit result. HRE can assistance determine probably the most viable choices and course for a corporation and its actual property portfolio, handing over remarkable leads to each condition.
SOURCE Hilco Actual Property
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