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.

 
 

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