A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located about five miles from the Indiana/Illinois border and 25 miles from downtown Chicago. The bid deadline in the bankruptcy sale of the Hammond, Indiana, property is April 16.
Located just off the Indiana Toll Road (I-90) and I-80/94, the property includes 115,000 square feet of buildings ranging up to 31,765 square feet in size. The buildings are in various states of condition and some will require demolition as part of a redevelopment plan. They were primarily used for manufacturing and warehousing, with the warehouse structures offering multiple shipping and loading docks.
The property has access to Class I railroads (16 rail carriers in total) and boasts easy access to I-90 and I-80/I-94 via the via heavy truck routes U.S. 20 (Michigan Street) and S.R. 912 (Cline Avenue). In addition, the Gary/Chicago International Airport is just five miles away from the parcel.
“Given Indiana’s pro-business environment, lower taxes and excellent incentives, as well as the proximity of this site to intermodal transportation, this property presents an appealing real estate acquisition for industrial users or developers across the region,” said Jamie Coté, A&G senior managing director, real estate sales.
An online Due Diligence Room with bid procedures, documents and other relevant details is available subsequent to interested parties’ execution of a Confidentiality Agreement.