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Chicago, IL – ANDERSONVILLE DEVELOPMENT SITE

5970 N Ridge Avenue - Chicago, IL

Description

1. Landmark Location – Former site of Town & Country Restaurant and Carson's Ribs
2. Potential Site Expansion
3. Desirable Zoning
4. High Traffic Counts
5. Desirable Visibility
6. Great Street Frontage
7. Strong Business Area

Why Buy This Property

The Former Carson’s Ribs on Ridge

5970 N. Ridge Avenue, Chicago, Illinois 60660

PARTNNERSHIP DISSOLUTION CREATES RARE OPPORTUNITY!

A landmark high traffic location! The former location of Carson's Ribs on Ridge for twenty years is available for redevelopment. This prime, high profile 22,000 sq. ft. site with 227' of frontage on Ridge Ave. is ideal for retail or mixed use development. 38,000 vehicles per day pass by this very visible site making it one of the highest traffic counts in the area. Zoned B3-2 provides for buildability to approximately 46,640 square feet. Presently there is a vacant 8,000 sq. ft. building on the site.

This auction will be your rare opportunity to acquire just under a half acre in Andersonville, considered one of Chicago's "hot" neighborhoods and desirable development locations!

Many potential uses including single or multi-tenant retail, retail-residential mixed use and more.

Don't miss this opportunity to name your price and own this outstanding development opportunity!

About This Property:

Land Size: 21,712 Sq. Ft.

Potential to Expand Land: The potential exists to expand this site by as much as 4,500 square feet. This would be accomplished by reclaiming land from the City of Chicago acquired in 1920 as part of the road expansion of Ridge Avenue. Please see the Bidder’s Information Packet for further details.

Zoning: The property is zoned B2-3 “Community Shopping”.

Building Size: 8000 SF

Property Location

List Price

4500

Auction / Date / Time

Sealed Bid Auction
May 21, 2014 3:00 PM

Inspection Dates

11:00am – April 15th, 19th May 6th, 13th

Auction Location

Sealed Bid Auction - Bids to be delivered to the offices of Fine & Company LLC, 747 Lake Cook Road, Suite 100W, Deerfield, IL 60015

Details

Buyer's Premium (Buyer's Fee) : 8% of the high bid

Contact Us

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Broker Participation : Buyer's Agent participation is invited! A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale..

Licensing : Fine & Company, LLC, Licensed Illinois Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. You may dowload the Terms of Sale below.

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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