A 9.6 acre parcel of vacant land in Kenosha is being offered by absolute auction and will be sold to the highest bidder at an auction being held by Chicago-based Auctions at ATG. The value of the property, which will need to be rezoned for commercial development, is estimated at $435,000.
In an absolute property auction, the sale of the property is guaranteed to take place, regardless of the price bid. In other auction situations, the ultimate buyer may be required to meet a previously-established minimum bid. The parcel is located at 1711 30th Avenue, the corner of 30th Avenue and 18th Street. In close proximity to the site is a strip mall that is anchored by Pick n’ Save, Walgreens and McDonalds.
According to Kyle Payne, Business Development Representative, Auctions by ATG, the site is ideally suited for a commercial development, which could include medical office and office space uses and additional retail. The date of the auction for this bank-owned property is November 11. Pre-auction offers are welcome.
