HILCO REAL ESTATE SALES ANNOUNCES THE SALE OF TWO METRO-SUBURB OFFICE BUILDINGS LOCATED IN OAK BROOK, IL & SOUTHFIELD, MI

NORTHBROOK, Ill., March 7, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces April 16, 2025, as the qualifying bid deadline for the sale of two separate, highly visible office buildings in Oak Brook, IL, and Southfield, MI, that are set to go to auction April 23, 2025.

The Oak Brook site, located at 2210 Midwest Road, offers a prime office and redevelopment opportunity in Chicago's sought-after western suburbs. This two-story, 28,154± SF building sits on 3.03± AC with suite options from 500± SF to 3,100± SF and is currently 60% occupied. With high visibility from I-88, ample on-site parking and a central location near Oak Brook Center mall, the property provides exceptional value for office tenants investors and developers.

Strategically positioned near I-88, I-290, I-294 and I-355, the site offers easy access to O'Hare and Midway airports. Existing tenants include strong medical businesses that provide physical therapy, primary care and rehabilitation services. The property's strong demographics, versatile site layout and value-add potential make it ideal for new leasing, investment or redevelopment. This turnkey building is ready for new tenants or transformation by a visionary developer.

Located at 26250 Northwestern Highway in Southfield, MI, this 33,420± SF, two-story building sits on 2.85± AC in the heart of Southfield's premier office, hospitality and retail corridor. Positioned just south of I-696, the site offers high visibility and accessibility, making it ideal for redevelopment.

With four access points, including one on Corporate Drive, the site has versatile potential for retail, restaurants, hospitality, or other commercial uses. Its strategic location near Lawrence Technological University and Southfield city offices makes it a prime investment for buyers looking to capitalize on the area's strong economic activity.

Daniel Miggins, vice president at Hilco Real Estate Sales, stated, "Both properties sit on major thoroughfares in well-established suburban areas providing fantastic demographics and value-add opportunities."

Chet Evans, vice president at Hilco Real Estate Sales, added, "The Oak Brook site offers opportunistic Buyers tremendous value in a high profile and sought after marketplace.. Southfield is a unique site where a buyer has the option to reestablish office space or capitalize on the property's location with various development options."

The sales of both 2210 Midwest Road, Oak Brook, IL, and 26250 Northwestern Highway, Southfield, MI, are being presented by a private seller. To participate, bidders must register to the auction platform. Bidders must be registered by April 16 at 5:00 p.m. (CT). The auction is scheduled to be held on April 23, 2025.

Interested bidders should review the Bidding Procedures in order to participate in the auction sale process available on Hilco Real Estate Sale's website. For further information, please contact Chet Evans at (847) 418-2702 or [email protected] or Michael Kneifel at (847) 201-2322 or [email protected].

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