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Agenda - Council - 04/11/2017
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Agenda - Council - 04/11/2017
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Last modified
3/17/2025 3:31:41 PM
Creation date
4/10/2017 9:28:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/11/2017
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6360-6346 Highway 10 NW <br /> i <br /> di <br /> him <br /> a . ILA <br /> This 5,048 SF former gas station/car wash building, built in 1996, sold on 6/23/2011 for$110,000, <br /> or $21.79 per SF. The property was vacant at the time of sale, and was purchased for the <br /> conversion to a print shop use (Do All Printing). The property was owned by BP America, Inc. of <br /> Warrenville, IL at the time, but had been actively marketed for 364 days (1 year). One of our <br /> sources stated there may have been soil contamination issues, but we verified this sale directly <br /> with the buyer who stated that there were none. The buyer also stated that the prior owner had <br /> removed the canopy/underground fuel tanks prior to/as part of the sale. <br /> The significance of this comparable is that it is located in the opposite corner (SEC) of Highway <br /> 10 and Sunfish Lake Boulevard as the subject property (NWC). There are too many unknown <br /> factors involved in this sale that we were unable to verify, including the cost, if any, of <br /> canopy/tank removal, any soil conditions,any renovation costs associated with the change in use <br /> 92 1 <br />
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