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In the Press

$22 MILLION SHOPPING CENTER AUCTION In Northeast Ohio & Pennsylvania
Ohio - Auction Services Group, Inc. is pleased to announce the sale of nine shopping centers and one office building with aggregate sales of $22,000,000. The auction featured prime Northeast Ohio and Western Pennsylvania single and multi-tenant net-leased properties. “The auction allowed investors a unique opportunity to purchase one or more properties in desirable locations at one sale,” notes Roggeveen. + Read more

TIMBER TRAILS COUNTRY CLUB SOLD AT AUCTION
Western Springs, Illinois - Auction Services Group, Inc., is pleased to announce the sale of the Timber Trails Country Club and Swim Club. Timber Trails Country Club is a 75 year old, heavily wooded, 104 acre, 18-hole golf-course in Western Springs, Illinois. The County Club was offered With Reserve with an Opening Bid of $15,000,000. + Read more

RADISSON HOTEL WEST PALM BEACH SUCCESSFULLY AUCTIONED FOR $6.9 MILLION
West Palm Beach, Florida - Auction Services Group, Inc., is pleased to announce the sale of the 175 all-suite Radisson Suite Inn, Palm Beach Airport. The hotel was offered Without Reserve subject to a Minimum Bid of $3,875,000 which was $22,142 per suite. + Read more

235 PAD MANUFACTURED HOME COMMUNITY in BRISTOL, WISCONISN SOLD FOR $11.8 Million
Wisconsin - Auction Services Group,Inc., is pleased to announce the sale of the Rainbow Lake Manor Manufactured Home Community located in Bristol, Kenosha County, Wisconsin. Rainbow Lake Manor was offered “Without Reserve” subject to a Minimum Bid of $7,500,000. + Read more

250 LUXURY APARTMENTS IN NORTHEAST OHIO FOR $9.6 MILLION
Ohio - Auction Services Group, Inc., conducted the sale of the 106 unit Glen Eagles Apartments in Green, Ohio and the 144 unit Pheasant Run Apartments in Akron, Ohio. The two properties sold for $9.6 million. + Read more



Chicago Real Estate AuctionsReal Estate Auction Services
 
1,000,000 +/- SQ. FT. MANUFACTURING- WAREHOUSE COMPLEX
Louisville, Kentucky
SOLD $3.5 MILLION

1000 West Ormsby Ave. Louisville, Kentucky - Vogt Industrial Commons is situated on a 32.38 acre site which contains 26 Manufacturing, Warehouse, and Office buildings The property was offered in 3 parcels. It is currently 36% leased generating $1,000,000 + in Annual Income.
111,000 SQ. FT. MANUFACTURING/WAREHOUSE
Steger, Illinois
SOLD $495,000

3601 Chicago Road, Steger, IL - is a one story manufacturing and warehouse building on 4.8 acres with 6,300 sq. ft. of offices. The property adjoins the UPRR and has 18' ceilings, 8 exterior docks and one interior recessed dock.
390,740 SQ. FT. WAREHOUSE & 53 ACRE DEVELOPMENT PARCEL
Matteson, Illinois
SOLD $5 Million

21800 S. Cicero Ave., Matteson, IL was a warehouse/industrial facility that featured 24' clear ceiling ht., 40 exterior truck docks and 7 drive-in doors. The 18.8 acre site adjoins CN Rail and features 150+ trailer parking.The PRIME I-57 frontage development parcel was sold individually.
BANK OWNED - 12,600 SQ. FT. OFFICE BUILDING
5559 N. Elston Avenue, Chicago, Illinois
SOLD

BANK OWNED - 11,765 SQ. FT. OFFICE/SHOWROOM BUILDING
1550 S. Mount Prospect Rd., Des Plaines, Illinois
SOLD

BANK OWNED - 8,942 SQ. FT. MULTI-TENANT
OFFICE BUILDING

3530 W. Peterson Ave., Chicago, IL
SOLD

PRIME ILLINOIS FARMLAND - 424.58 ACRES
Bureau and Marshall County, Illinois
SOLD $8899 per tillable acre

264.58 acres are in Bureau and 160 acres in Marshall County. This farmland had been in the same family for over 100 years and has had excellent care and consistently high yields.
208,900 SQ. FT. HIGH VISIBILITY OFFICE BUILDING
Northwest Suburban Chicago
SOLD $4.65 MILLION

BANK HOLDING COMPANY ORDERED AUCTION of the Former “Pepsi Building” at 3501 Algonquin Rd, Rolling Meadows, IL. Built in 1984, the ten-story, 208,900 sq. foot office building sits on 8.68 acres and has parking for 741 cars. This high profile signature building sits on I-90 at the I-290/Route 53 North Exit ramp and is viewed by more than 350,000 vehicles daily.
10 Shopping Centers & Office Building
NORTHEAST OHIO & PENNSYLVANIA
Sold $22 million.

All properties were owned by the original developer. Purchasers from 7 states attended the auction and bought properties. The office building was sold prior to the auction. Sale prices ranged from $434,700 to $6,830,000. All properties were closed in less than 45 days.
RAINBOW LAKE MANOR: 235 PAD MANUFACTURED HOME COMMUNITY
Bristol, Wisconsin
Sold $11.8 million.

This Court ordered auction was conducted with an established Minimum Bid of $7,500,000. The community was 100% occupied with a gross income of over $1 million. Prospective buyers responded from 17 states and Canada.
TIMBER TRAILS COUNTRY CLUB
Cook County, Illinois
Sold $46 million.

Believed to be the highest sales price ever achieved for a single asset sold at an oral outcry auction. The property was offered with an opening bid of $15 million and consisted of 104.16 acres of prime residential development ground.
Partnership Orders Sale of 597 Apartments
Columbus and Cincinnati, Ohio
Sold $12.7 million.

Four communities were offered subject to minimum bids that ranged from $11,268 per unit to $27,731 per unit. The auction drew bidders from as far away as California and added to the total apartments units sold by the Auction Services Group in Ohio to just under 2,000 in 1½ years.
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