Millennium's auction deemed success

Millennium Properties hosted a live auction on May 22, 2010, disposing of several properties: including 25 parking spaces in River North & South Loop, a South Loop Commercial Space, and two apartment buildings in Canaryville/Bridgeport. 

Millennium announces
Several Sales

Daniel Hyman, President of Millennium Properties, is pleased to announce the following sales:
  • 6100 N. Lincoln Avenue, Chicago - A 23,040sf irregular shaped site located on the corner of Lincoln and Jersey in the Peterson Park neighborhood sold for $1,195,000.  Susan Silver represented the seller, MB Financial Bank in this transaction.  This sale illustrates the point that land sales are merely dormant, not dead.  The purchaser plans to add a retail building to the already booming area.  Lincoln Village Shopping Center is across the street and The Home Depot is less than a 1/2 mile from the site.
  • 7338-42 S. Halsted Street & 7759 S. Eberhart Avenue, Chicago - Brad Thompson represented Bayview Financial in these two transactions.  The Halsted Street property is a vacant 7,120sf mixed use building and the Eberhart Avenue property is a vacant 3,100sf commercial building. Each property sold for $60,000 and the purchasers each paid cash.



    2227 Hammond Drive

          Property Type: Flex | Commercial

    City/State: Schaumburg, Illinois

    Square Feet: 9,395sf

    Price: $775,000

    Broker(s): Daniel J. Hyman

    More Info: click here for brochure ...

    Bank Ordered Sale!

    Office/warehouse recently renovated and in excellent condition.  Efficient and flexible layout.  Zoning allows for a variety of uses.

    2601 S. Harlem Ave.

          Property Type: Medical Office

    City/State: Berwyn, Illinois

    Square Feet: 11,918sf

    Price: PRICE REDUCED!!! $2,385,000

    Broker(s): Daniel J. Hyman

    Medical office net leased to Fresenius and Comcast (tower/equipment shed).  Offered at a 8.37% Cap.

    4483 US Route 14

          Property Type: Retail

    City/State: Crystal Lake, Illinois

    Square Feet: 32,446sf

    Price: $1,550,000

    Broker(s): Susan B. Silver

    More Info: click here for brochure ...


    The Twin Ponds Marketplace is anchored by The Home Depot, PetSmart, Office Max, La-Z-Boy and Tuesday Morning. The 240,000sf Marketplace was built in 1997 to serve a growing trade area in McHenry County. It is in a prime location at US Route 14 and State Route 31 and sees over 40,000 vehicles daily. Route 14 is the major retail thoroughfare in the area and home to many retailers such as Borders, Best Buy, Target, Sam's Club, Kohl's, Dominick's, Barnes & Noble, K-mart, Big Lots and many more...

    975 E. Belvidere Road

          Property Type: Chase Plus Adjacent improved vacant land site - Outstanding Retail Opportunity

    City/State: Grayslake, Illinois

    Square Feet: Chase Bank Parcel: 100,121sf Vacant Land Parcel: 128,775sf

    Price: $3,700,000

    Broker(s): Daniel J. Hyman and Susan B. Silver

    More Info: click here for brochure ...

    Outstanding Retail Opportunity. 

    Chase Bank is on a ground lease through 2037 and occupied the 4,435sf building; $200,000 net annual income with increases every 5 years.

    Zoning: GB; General Business
    Vacant lot approved for 12,700sf retail center (drive-thru approved)

    7911-15 S. Halsted Street

          Property Type: Mixed-Use

    City/State: Chicago, Illinois

    Square Feet: 7,400sf

    Price: $130,000

    Broker(s): Brad Thompson

    More Info: click here for brochure ...

    4,900sf street-level retail space + 2 1-bedroom apartments on the 2nd floor

    10200-44 S. Vincennes Avenue

          Property Type: Retail

    City/State: Chicago, Illinois

    Square Feet: 21,895sf

    Price: $1,950,000

    Broker(s): Daniel J. Hyman

    More Info: click here for brochure ...

    BANK ORDERED SALE!  Asking on $89/sf.  At 93% occupancy, the cap rate would be an impressive 13.14%.