Auctions by ATG has completed $1.88 million of pre-auction sales, including two specialty properties and a strip mall, for its upcoming May 31 commercial auction, according to Diana Peterson, executive vice president of Chicago-based Auctions by ATG.
“We have been very successful in marketing our May 31 commercial auction and buyers have responded enthusiastically,” Peterson said. “Based on this initial market reaction, we anticipate that this upcoming auction will include our highest value sales to date.”
The pre-auction sales include a hot mix plant and two buildings with approximately 11 acres of land in Belvidere, Ill., that fetched a price of $970,000; an approx. 120-acre, 18-hole golf course near Galena in Stockton, Ill., that closed for $660,000 and an approx. 12,000-square-foot strip mall in Worth, Ill., which sold for $250,000..
All of the properties were originally slated to be in Auctions by ATG’s upcoming commercial real estate auction on May 31. That auction currently features an approx. 6,500-square-foot commercial building with eight hydraulic lifts and eight bay doors in South Holland, Ill., multiple tracks of vacant land, including: approx. 23,782 acres in Flossmoor, Ill., zoned for planned business, approx. 26.4 acres in Matteson, Ill., zoned for mix-use, approx. 10 acres in Spring Grove, Ill., and approx. 9.75 acres in a densely populated area of Bartlett that is ideal for commercial use. Buyers can bid live or online on these Chicago-area properties.
Using the online bidding service, www.atgbidder.com, bidders can access research and analytical tools to evaluate properties prior to auction. On auction day, registered bidders can view both live-streaming video and a real time, live bidcast on the online bidding website, providing them the opportunity to observe the auction and electronically raise their bids. Buyers unable to participate can confidentially submit a maximum bid to the online bidding service and authorize a bidding service agent at the auction to submit bids on their behalf up to their maximum.
Interested parties can visit www.auctionsbyatg.com to register to bid and join the mailing list to receive upcoming auction notices.
Launched in 2011, Chicago-based Auctions by ATG, a provider of live and online real estate auctions, is a wholly-owned subsidiary of Chicago-based Attorneys’ Title Guaranty Fund Inc.