3715 216th St
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3715 216th St
2,922 SF Retail Building Matteson, IL 60443 $20,000 ($7/SF)
Executive Summary
This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/.
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
Another Opportunity From The Cook County Land Bank Authority
This is not a traditional sale.
Differences:
You must apply on the CCLBA Website prior to touring property.
You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens.
Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation.
You will need a contractor’s estimate to bring property to occupancy permit.
You will need a letter or email of support from the Village or City.
You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing.
Buyers pay their own brokers directly.
Similarities:
I am here to help you navigate through the process.
Another Opportunity From The Cook County Land Bank Authority
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,922 SF
Building Class
C
Year Built
1962
Price
$20,000
Price Per SF
$7
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Land Acres
0.14 AC
Zoning
C-1
Frontage
41 FT on 216th Street
PROPERTY TAXES
| Parcel Number | 31-26-108-006-0000 | Improvements Assessment | $17,600 |
| Land Assessment | $2,400 | Total Assessment | $20,000 |
PROPERTY TAXES
Parcel Number
31-26-108-006-0000
Land Assessment
$2,400
Improvements Assessment
$17,600
Total Assessment
$20,000
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3715 216th St
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