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On-Site Auction 11/20/2020 180 Acres Fully Zoned Industrial Lockport Illinois Located just 40 minutes from Chicago


Auction Date/Time:
Friday, November 20, 2020 at 11:00am CST

Auction Location:
Hampton Inn & Suites Bolingbrook 165 Remington Blvd Bolingbrook, IL 60440 or bid live from anywhere at auctionnetwork.com

Open Public Inspections:
Buyers may call 800.801.8003 to schedule a drive-thru viewing of the property for the week of October 19-23. No walk-ups will be permitted.

180+/- ac in the Star Business Park, fully zoned industrial. Located just 40 minutes from Chicago, with CN and BNSF railroads located adjacent to the east and west, respectively, tax increment financing established to help offset certain infrastructure costs, barge access, ripe for development. An exclusive easement for offsite stormwater storage enables the majority of stormwater detention to be handled offsite preserving primary land for development.

Water, sewer and other utilities are already available to multiple areas on the site. Onsite are located both a fabrication shop and storage building. Deed restrictions require that the Property be used for industrial or commercial uses, protecting future development.

Opportunity to obtain lease with the Illinois Department of Natural Resources (IDNR), for access to the I&M Canal and the 90-foot corridors on either side, which can support development (e.g. the west side of the I&M Canal corridor is ideally suited for establishment of a road for development of Business Park 3) thereby further preserving primary land for development (Seller has a similar lease, but IDNR leases are not assignable).

The Property was previously a petroleum refinery, but soils have been remediated, including removal of soil from ground surface to bedrock, with No Further Action (NFA) letters for soil issued by IEPA. Groundwater monitoring wells are in place and Seller will retain certain limited access for ongoing monitoring and limited work in order to obtain groundwater NFA letters from IEPA.

Price:
Parcel Size: 180 (+/-) Acres
Special Conditions:
Property Location: 301 West 2nd Street
Lockport, IL
Will County, USA
60441

Telephone
Area Code
Additional
Property Info:
630
Contact Information: Customer Service

Williams and Williams Worldwide Real Estate & Auction
800-801-8003
Email Contact: Click Here
EagleStar
Listing ID:
34893

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Disclaimer: Price, size, specifications, & availability are subject to change without notice.
All information is believed to be correct but is not warranted.
Exercise prudence, with a diligent investigation, and verification of facts
pertaining to any potential purchase or sale.


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