301 West 2nd Street, Lockport, IL 60441 - Will County

Auctions: 11:00 AM 11/20/2020 Due to ongoing COVID restrictions by the Governor of Illinois for Region 7, onsite attendance will be limited. Only bidders that have completed the bidder qualification steps will be allowed to bid. Qualified bidders can also participate online at AuctionNetwork.com during the live auction, and this is strongly encouraged. Call 800.801.8003 for assistance or go online to AuctionNetwork.com to create a free account or to find out how to qualify to bid. 180+/- ac located in the Star Business Park and fully zoned industrial. Just 40 minutes from Chicago, with CN and BNSF railroads located adjacent to the east and west, respectively, tax increment financing established to help offset certain infrastructure costs, barge access, ripe for development. An exclusive easement for offsite stormwater storage enables the majority of stormwater detention to be handled offsite preserving primary land for development. Water, sewer and other utilities are already available to multiple areas on the site. Onsite are located both a fabrication shop and storage building. Deed restrictions require that the Property be used for industrial or commercial uses, protecting future development. Opportunity to obtain lease with the Illinois Department of Natural Resources (IDNR), for access to the I&M Canal and the 90-foot corridors on either side, which can support development (e.g. the west side of the I&M Canal corridor is ideally suited for establishment of a road for development of Business Park 3) thereby further preserving primary land for development (Seller has a similar lease, but IDNR leases are not assignable). The Property was previously a petroleum refinery, but soils have been remediated, including removal of soil from ground surface to bedrock, with No Further Action (NFA) letters for soil issued by IEPA. Groundwater monitoring wells are in place and Seller will retain certain limited access for ongoing monitoring and limited work in order to obtain groundwater NFA letters from IEPA. Due Diligence materials are available to interested parties that complete, sign, and return a Site Access, Due Diligence and Confidentiality Agreement. This Agreement is available in the "Helpful Tools & Links" section on the right of this webpage. Fabrication Shop - 50'w x 200'l outside dimensions; - 17'10" inside working height to rafters; - 3 mechanical bay doors: two doors are 16'w x 14't. one door is 14'w x 12't; - 3 phase 480v 400 amp and single phase 220v/110v power available; Storage Building - Main Metal Building: 60' x 48' metal; - Drywall and insulation with wooden trusses making 12' ceilings with an 8/12 pitch roof; - 200 amp electrical service, sewer to city system never in use (one floor drain in middle of building, no stains around); - One 8' overhead door Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: IL Daniel S. Nelson, Managing Broker RE LIC 471.016793; Cody Lowderman AUC LIC 441.001255