#United States #Hilco Real Estate #Elgin #Elgin Industrial Complex #Real Estate Auction

11.37± Acre Industrial Complex in Elgin, Illinois

Hilco Real Estate Sales has announced a significant opportunity for businesses seeking a well-located industrial site. Bids are due by April 15, 2025, for an impressive 11.37± acre property in Elgin, Illinois, previously known as Elgin Super Auto Parts. This former auto parts supplier ceased operations at the end of 2024, leaving behind a well-maintained facility poised for redevelopment or repurposing.

Property Overview

The industrial site is situated along Willard Avenue and features an optimal mix of facilities suitable for various industrial applications. Key highlights of the property include:

• - Two expansive outdoor storage lots totaling over 8 acres, providing ample space for storage or fleet parking.
• - Two laydown yards encompassing 1.21 acres for material storage.
• - Multiple structures, including:

- A 17,000± SF repair and warehouse facility
- Two warehouses offering a total of 19,000± SF with generous clear heights
- A 9,000± SF office/flex building equipped with a retail storefront.

• - Eighteen drive-in doors with varying heights from 12 to 14 feet, and flexible ceiling heights ranging from 14 to 20 feet, accommodating various storage needs.

The buildings and outdoor lots can be sold individually or in combination, giving industrial users flexibility to tailor their investments to meet operational demands.

Strategic Location

Located in Elgin's industrial corridor, the property enjoys exceptional accessibility to major transport routes, including Interstate 90, Route 20, and East Chicago Street. This connectivity is crucial for businesses reliant on swift transportation and logistics solutions. Moreover, major airports, including O'Hare International Airport and Chicago Executive Airport, are conveniently located within a 25-mile radius, enhancing the site's logistical benefits. Elgin’s proximity to the burgeoning Amazon Air distribution center at Chicago Rockford International Airport only adds to the appeal.

Market Demand

As the demand for industrial land and outdoor storage solutions continues to surge across the Chicago Metropolitan Statistical Area (MSA), this property presents a unique chance for businesses to acquire a highly adaptable site. The land is suitable not only for long-term equipment storage but also for establishing a centralized base for transportation and logistics operations.

Furthermore, Elgin has been recognized as one of the fastest-growing cities, thanks to its expanding infrastructure. Recent upgrades to roadways and traffic systems have been initiated to accommodate the city's growth, reinforcing its status as an ideal location for industrial investment.

Vice President of Hilco Real Estate Sales, Chet Evans, expressed that, “As Elgin continues its rapid growth, the availability of industrial land with storage capabilities is becoming increasingly limited. This listing offers a unique opportunity to secure a valuable property in a thriving market.”

Additional Inventory

A significant inventory liquidation is also in process through Ziff Capital Levy Recovery, allowing buyers to acquire remaining automotive parts, vehicles, and equipment either independently or as part of the real estate deal, facilitating a smooth transition for prospective users.

Interested parties are encouraged to submit their bids by 5:00 PM (CT) on April 15, 2025. Detailed bid requirements and inventory listings can be found on the Hilco Real Estate Sales website.

To learn more about the property or other opportunities, reach out to Chet Evans or Henry Nash directly or visit the Hilco website for further details.