11.37± AC INDUSTRIAL COMPLEX IN CHICAGO MSA AVAILABLE THROUGH HILCO REAL ESTATE SALES

NORTHBROOK, Ill., Feb. 25, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces April 15, 2025, as the bid deadline for this premier industrial opportunity located in Elgin, Illinois. Previously known as Elgin Super Auto Parts, this former auto parts supplier ceased operations at the end of 2024, leaving a well-maintained, highly desirable industrial site ready for reuse or redevelopment.

Spanning 11.37± AC along Willard Ave., this light industrial campus features an ideal mix of facilities. The property includes two expansive outdoor storage lots totaling over 8± AC, two laydown yards covering 1.21± AC and multiple structures: a 17,000± SF repair and warehouse facility, two warehouses with strong clear heights totaling 19,000± SF and a 9,000± SF office/flex building with a retail storefront. Highlights of these buildings include eighteen drive-in doors that range in height from 12 FT to 14 FT, ceiling clear heights between 14 FT and 20 FT and flexible spaces for various storage needs. The structures and outdoor lots are available individually or in any combination, providing versatility for industrial users to scale their investments based on their operational needs.

Well-situated in Elgin's industrial and automotive corridor, this facility benefits from convenient access to major thoroughfares like Interstate 90, Route 20 and East Chicago Street. These vital corridors ensure seamless connectivity to key transit routes, supply chains and distribution networks. The strategic location provides an unparalleled advantage for businesses that depend on efficient transportation to move goods quickly and cost-effectively.

Through its prime highway access, the location is close to Chicago's major airports, further enhancing its logistical appeal. O'Hare International Airport, Chicago Executive Airport and regional DuPage Airport all sit within a 25-mile radius of the property. Approximately 50 miles west lies Chicago Rockford International Airport, home to a major Amazon Air distribution facility with global freight carriers.

Beyond its interior warehousing solutions, the property boasts over 8± AC of outdoor storage. With grandfathered zoning approvals, it offers a turnkey solution for fleet/trailer parking, construction equipment storage and material laydown. As demand for industrial land and outdoor storage continues to rise in the Chicago MSA and throughout the country, this opportunity provides a rare chance for businesses to secure a highly versatile site, whether for long-term equipment storage or as a centralized base for transportation and logistics operations.

Located approximately 50 minutes from downtown Chicago, Elgin was recently named the seventh fastest growing city by a fintech company, SmartAsset. The city's growth is evident in its expanding infrastructure. Elgin is actively enhancing its roadways, including upgrades to U.S. Route 20, bridge reinforcements and new lighting installations to improve traffic flow and accommodate increasing demand.

Chet Evans, vice president at Hilco Real Estate Sales, stated "As Elgin continues its rapid growth, industrial land with storage capabilities is becoming increasingly scarce. With its strategic location, transportation infrastructure and flexible purchase options, this sale represents an unparalleled opportunity to secure a high-value industrial site in a rapidly growing market."

Additionally, a vast array of on-site inventory is being liquidated through Ziff Capital & Levy Recovery, providing options for buyers to purchase remaining automotive parts, vehicles and equipment either separately or together with the real estate, allowing for a fast transition for a turnkey user. View the full list of available inventory.

The sale is being conducted in cooperation with Jeff Azuse, IL Broker, License Number 471.011086. Bids must be received on or before the deadline of April 15 at 5:00 p.m. (CT) and must be submitted on Letter of Intent (LOI) document available for review and download from Hilco Real Estate Sale's website. For further information, please contact Chet Evans at (847) 436-7321 or [email protected] and Henry Nash at (847) 313-4796 or [email protected]. 

For more information about this transaction or to inquire about other opportunities, please visit HilcoRealEstateSales.com or call (855) 755-2300.

About Hilco Real Estate Sales
Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company (HilcoGlobal.com), we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments.

The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.

SOURCE Hilco Real Estate