Auctions by ATG Announces June 25 Multi-Property, Online Auction
Diverse 16 property lot includes golf course, single-family home, bank-owned commercial condos and more
Chicago, Ill. (June 18, 2014)—An 18-hole golf course; a two-building, 16-unit multi-family complex; a unique commercial redevelopment opportunity; and two reserved parking spaces are among the 16 properties in four states that Auctions by ATG is featuring in an online auction on June 25.
“There is something for every investor with this auction, as it includes a good mix of commercial and residential properties, and several unique properties that should generate a lot of interest,” said Kyle Payne, business development representative with Auctions by ATG. “This auction includes properties for individual owners/users as well as some with great value-added investment potential.”
Following is a summary of some of the featured properties in the auction:
Chestnut Hills Golf Course—this fully-functioning 18-hole golf course sits on 176 acres in Arcadia, Michigan, between Bear Lake and Crystal Mountain. This property offers a wide range of opportunities, from remaining as a golf course operation (extensive maintenance equipment is included with the purchase) to serving as a redevelopment. The suggested opening bid is $300,000. The sale is subject to meeting an unpublished reserve price.
Bank-owned office condominiums—two units, one 6,442 square feet and the other 3,739 square feet with private entrances are in move-in condition. Located within the Hamilton Lakes Business Park in Itasca, Ill., each unit features ample parking (20 spaces), private offices, break room, general offices and reception areas. Unit 150, the largest of the two, is being sold subject to a minimum bid of $525,000. Unit 154 is being sold subject to a minimum bid of $295,000.
Single-family home—a three bedroom, two bathroom home in the desirable River West/Goose Island area of Chicago. The home features two decks, new hardwood floors, granite countertops, an attached garage and remarkable skyline views. It is being sold subject to a minimum bid of $599,000.
Multi-family complex—the complex features two multi-family buildings with each having eight, two-bedroom apartments. The average rental rate per unit is approximately $690. The complex is in Twin Lakes, Wisconsin, near the Illinois and Wisconsin boarder, 10 miles East of Lake Geneva, Wisconsin.
Office/retail building—this 2,085 building on West 79th Street in Chicago is in move-in condition. The property originally was built out with nine offices/private rooms, a large reception area, kitchen and two bathrooms. It is ideal for a medical office, spa facility or day care center, among other uses. The minimum bid is $95,000 and the reserve price is unpublished.
The auction also includes residential properties, commercial buildings, parking spaces and developable land.
Complete terms and conditions of participating in the auction—including registration, requirements, inspections, etc.—can be found in the auction catalogue and online at www.atgbidder.com. For more information, interested parties may call (312) 752-1160 or (312) 752-1241.
The bidding process is quick and easy:
All bidders must register on the site.
Before the auction-- Pre-auction bids are accepted via e-mail. All pre-auction bids received will be communicated to the seller who has the sole and absolute discretion to accept or reject such bids. Some properties will sell via pre-auction bid and, as a result, will not be available on auction day. To ensure every bid is considered, pre-register and submit a pre-auction bid as early as possible.
During the auction--Online bids can be submitted at www.atgbidder.com. Bids may also be emailed or faxed to Mary Fran Gill at firstname.lastname@example.org or 312-224-0246.Complete bidder instructions, an outline of requirements and registration forms can be found at www.auctionsbyatg.com under the forms tab, and returned to Mary Fran Gill.
Auctions by ATG will contact the winning bidders on auction day. Winning bidders who submit bids through www.atgbidder.com will be charged a $300 convenience fee for using the online bidding service. Winning bidders who cannot be reached within two business days will forfeit their winning bid and the bidder with the next highest bid will be contacted.
About Auctions by ATG
Auctions by ATG, a wholly-owned subsidiary of Chicago-based Attorneys’ Title Guaranty Fund, Inc., provides live and on-line commercial and residential real estate auctions. To sellers, Auctions by ATG provides a more cost effective, quick, and professional auction platform than its competitors. To investors and home buyers, Auctions by ATG offers: property at attractive prices; a professional and transparent bidding process; and access to substantial property and title research. For more information about Auctions by ATG, visit http://auctionsbyatg.com/. To learn more about Attorneys’ Title Guaranty Fund, Inc., visit http://www.atgf.com/.
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