Michael Weaver, Senior Director with CRER (Chicago Real Estate Resources, Inc.) represented the seller in a sale of a ~5,000 Sq. Ft. office and 7,500 Sq. Ft. industrial warehouse in Bensenville, Illinois. The property, located at 441 S County Line Rd Bensenville, IL 60106, traded for $500,000 in a Bankruptcy Sale.
This is the second property in Bensenville where Michael represented ASAP Pallets. The first location was a sale of 480 Podlin Drive Franklin Park, IL 60131. A 44,550 Sq. Ft. land parcel and 25,000 Sq. Ft. industrial/manufacturing building.
Buying real estate in bankruptcy cases involves different issues and procedures than non-bankruptcy transactions. Therefore working with a professional that is well-versed in the process can mean all the difference. Among the advantageous reasons for buying real estate in bankruptcy is the cleanliness of property titles and the speed with which bankruptcy transactions can be closed.
Contact Michael if you need help buying or selling distressed investment properties in Chicago or the surrounding suburbs. If you are interested in better understanding what your property could sell for, please contact Mike for a free valuation report including financial analysis and comparable sales. MichaelW@crer.com | cell: (312) 446-5018