Bank Owned Properties For Sale

7157 S Yale Ave

Chicago, IL 60621

Bank Owned Property
Multifamily for Sale
$553,800 CAD
11,181 SF

Chicago Multifamily for Sale - South Chicago

7157 S Yale Ave is a 12-unit building in Chicago's southwest Englewood neighborhood. This building has a unit mix of 6 large one bed/one bath units (easily converted to 2 bedrooms), 3 two bed/one bath units, and 3 one bed,one bath units, varying in sq ft and projected market rent. This REO property will require rehab but is a solid building. Built in 1905 and boasting 11,181 sq ft of space, 7157 S Yale Ave offers a unique investment opportunity to contribute to the revitalization of Englewood. Property is also located in TIF district.

Contact:

Compass

Property Subtype:

Apartment

Date on Market:

2025-11-24

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330 Main St

Seneca, IL 61360

Bank Owned Property
Retail for Sale
$483,191 CAD
1,500 SF

24 Hour Access

Seneca Retail for Sale - I-39 Corr/LaSalle County

Operating gas station for sale, 1500 SF store, walk-in cooler, liquor and lottery, four (4) fiberglass tanks, four (4) gasoline and diesel dispensers, low property taxes. Priced at $349,000 for real estate and business. Owner finance available with 30% down payment for qualified buyer.

Contact:

Yan & Associates

Property Subtype:

Service Station

Date on Market:

2025-10-19

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20920 Governors Hwy

Olympia Fields, IL 60461

Bank Owned Property
Land for Sale
$346,125 CAD
1.06 AC Lot

Olympia Fields Land for Sale - Far South

MoHall Commercial & Urban Development presents an unparalleled development opportunity at 20920 Governors Highway, Olympia Fields, IL. This 1.05-acre commercial parcel is zoned B-3 General Retail and Limited Service District, making it an ideal location for a range of commercial developments, including retail centers, financial institutions, medical offices, quick-service restaurants, and mixed-use projects. Positioned in a high-traffic corridor with 18,667 vehicles passing daily, this site offers exceptional visibility and accessibility for businesses looking to establish a strong presence in a rapidly growing market. Strategically located between Walgreens and Gordon Food Services, the property benefits from cross-access easements, ensuring seamless entry and exit for customers and deliveries. The flat, cleared lot is fully improved with water, sewer, electricity, and gas, providing a shovel-ready site for immediate development. Its prime frontage along Governors Highway enhances exposure, while its easy ingress and egress make it highly convenient for both customers and employees. Developers and investors will appreciate the strong local demographics, with 7,697 residents within a one-mile radius and a median household income of 73,302, ensuring consistent consumer demand. Additionally, a daytime workforce of over 5,000 employees creates further opportunities for businesses catering to professionals and local workers. With its B-3 zoning, this property is ideal for national retailers, medical facilities, professional office buildings, restaurants, and service-oriented businesses. Olympia Fields continues to experience strong commercial growth, making this an exceptional opportunity for developers seeking a high-exposure, investment-ready site in a well-established community. This is a rare chance to secure a premier development site in one of Cook County's most sought-after commercial corridors. Whether you're an investor, developer, or business owner, this property provides the perfect foundation for a successful commercial venture. Act now to secure this prime location.

Contact:

MoHall Commercial & Urban Development

Property Subtype:

Commercial

Date on Market:

2025-02-28

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500 River Oaks Dr

Calumet City, IL 60409

Bank Owned Property
Retail for Sale
$1,246,050 CAD
127,434 SF

Calumet City Retail for Sale - Near South Cook

Buyer Must Register On http://www.cookcountylandbank.org Prior To Showing

Contact:

Avison Young

Property Subtype:

Storefront

Date on Market:

2025-01-31

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More details for 565 E 170th St, South Holland, IL - Specialty for Sale

Industrial Property - 565 E 170th St

South Holland, IL 60473

Bank Owned Property
Specialty for Sale
$408,428 CAD
4,920 SF

South Holland Specialty for Sale - Near South Cook

Avison Young is pleased to present the opportunity to acquire the ±4,920 SF former car wash located at 565 East 170th Street in South Holland, Illinois. The subject property was a self-service car wash from which the equipment has been removed. It features numerous bays, presenting an excellent opportunity to redevelop into an Auto Repair or another Auto use. The property is lender-owned whereby the Seller aquired the property via a forclosure. Contact brokers for more information!

Contact:

Avison Young

Property Subtype:

Car Wash

Date on Market:

2025-01-06

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Shoppes Of Knollwood

Bank Owned Property
Retail for Sale
38,517 SF
2 Retail Properties

Champaign Portfolio of properties for Sale

The Shoppes of Knollwood features a 38,517-square-foot multi-tenant retail center across two (2) buildings on 5.62 acres along South Neil Street in Champaign, Illinois. Constructed in 1998 and zoned CG: Commercial General District, the center is currently 65.6% occupied, offering investors a rare opportunity to acquire a positive cash flowing retail property with the ability to add value through lease-up and stabilization. The center features excellent visibility, multiple access points, and ample surface parking with 347 spaces, serving a diverse tenant mix that includes healthcare, financial, and service-oriented users. Strategically positioned less than two (2) miles south of the University of Illinois, The Shoppes of Knollwood benefits from consistent traffic, strong surrounding retail demand, and proximity to major national and regional retailers. With its prime location, durable construction, and clear potential for enhanced income generation, The Shoppes of Knollwood presents investors with an exceptional opportunity to acquire a well-located retail asset in a thriving Champaign corridor.

Contact:

Frontline Real Estate Partners

Date on Market:

2025-11-20

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More details for 2110 Fox Dr, Champaign, IL - Office for Sale

Corporate Center - 2110 Fox Dr

Champaign, IL 61820

Bank Owned Property
Office for Sale
34,150 SF

Champaign Office for Sale

2110 Fox Drive is a 34,150-square-foot, single-story Class B office building located on Fox Drive in Champaign, Illinois. Built in 1998 and situated on 3.35 acres, the building features four (4) units, a prominent monument sign along Fox Drive, and a generous on-site parking lot with 124 spaces (3.63 per 1,000 SF). Currently 25.7% occupied, the building is leased to New City Church and Ivy Rehab, offering immediate income with substantial lease-up potential. Two vacant suites totaling 25,502 square feet (10,528 SF and 14,974 SF) provide excellent flexibility for new tenants or an owner-user. The Property presents a strong value-add opportunity in a high-demand corridor surrounded by professional offices, retail amenities, and major employers. Nearby national and regional retailers include Harvest Market, ACE Hardware, Starbucks, Moe’s Southwest Grill, Smoothie King, Oberweis Ice Cream, Taco Bell, Steak ’n Shake, and McDonald’s. Major employers in the region include the University of Illinois, Carle Health Systems, Kraft-Heinz, and Presence Health.

Contact:

Frontline Real Estate Partners

Date on Market:

2025-11-20

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2107 S Neil St

Champaign, IL 61820

Bank Owned Property
Office for Sale
20,000 SF

Champaign Office for Sale

2107 S. Neil Street is a 20,000 square-foot, Class B office building located along Neil Street in Champaign, Illinois. Built in 1998 and situated on 2.18 acres, the building features two (2) units, ample on-site parking with 126 spaces (6.3 per 1,000 SF), and excellent visibility along one of Champaign’s primary commercial corridors. The building is fully leased by Communications Data Group and Quest Diagnostics, each established businesses, providing stable income, generating a operating income (NOI) of approximately $232,517. Opportunity to acquire a secure, low-maintenance asset in a thriving Champaign location. The surrounding area features a mix of retail and office uses, with nearby national and regional retailers including Harvest Market, ACE Hardware, Starbucks, Moe’s Southwest Grill, Smoothie King, Oberweis Ice Cream, Taco Bell, Steak ’n Shake, and McDonald’s. Major employers in the region include the University of Illinois, Carle Health Systems, Kraft-Heinz, and Presence Health.

Contact:

Frontline Real Estate Partners

Date on Market:

2025-11-20

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2004 Fox Dr

Champaign, IL 61820

Bank Owned Property
Office for Sale
25,100 SF

Champaign Office for Sale

2004 Fox Drive is a 25,100-square-foot, single-story Class B office building located on Fox Drive in Champaign, Illinois. Built in 1988 and situated on 2.26 acres, the building features eight (8) units, a prominent monument sign along Fox Drive, and ample on-site parking with 98 spaces (3.9/1,000 SF). Currently 86.6% occupied, the building is home to a diverse mix of tenants including Believers and Achievers, Left Lane Auto, Finisar Corporation, Westchester Group Investment Management, Accent Counseling, Champaign Clinic, and Bret D. Kroenke Insurance & Financial Services, along with one 2,500-square-foot vacant suit. The Property offers stable in-place income with upside potential, generating a in-place net operating income (NOI) of approximately $238,872. The surrounding area features a mix of retail and office uses, with nearby national and regional retailers including Harvest Market, ACE Hardware, Starbucks, Moe’s Southwest Grill, Smoothie King, Oberweis Ice Cream, Taco Bell, Steak ’n Shake, and McDonald’s. Major employers in the region include the University of Illinois, Carle Health Systems, Kraft-Heinz, and Presence Health.

Contact:

Frontline Real Estate Partners

Property Subtype:

Medical

Date on Market:

2025-11-20

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More details for 7020-7086 W 183rd St, Tinley Park, IL - Multifamily for Sale

Tinley Pointe Centre - 7020-7086 W 183rd St

Tinley Park, IL 60477

Bank Owned Property
Multifamily for Sale
18,214 SF

Tinley Park Multifamily for Sale - South Route 45

Farbman Group of Chicago is pleased to present for sale Tinley Pointe Centre in Tinley Point, Illinois, an 18,214 SF retail condo situated at the base/1st floor of a four-story, 36-unit individually owned residential condo. Constructed in 2007, the property's strong curb appeal positioning it as a stable, long-term asset. The property is situated in a high-traffic area with strong demographics, ensuring a steady customer base for tenants. A key feature is the "internet-proof" tenant mix, including a drive-through Dunkin' Donuts. The new owner will benefit from Triple Net (NNN) leases, which significantly reduce landlord responsibilities and make operating expenses predictable. Furthermore, common area expenses are shared with the 36 residential condo units located above the retail space, further reducing overhead. The property is cash flow positive, and a significant upside exists with over 7,500 square feet across 3 suites available for lease. Securing tenants for this vacant space will substantially increase the net operating income (NOI) and asset value. An additional opportunity to improve NOI lies in the potential for a property tax appeal. In summary, this investment offers a modern, well-maintained asset with a resilient tenant mix, strong cash flow, and significant long-term upside through lease-up and potential tax savings.

Contact:

NAI Farbman

Property Subtype:

Apartment

Date on Market:

2025-10-08

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More details for 1501-1527 W North Ave, Melrose Park, IL - Retail for Sale

Silo Square - 1501-1527 W North Ave

Melrose Park, IL 60160

Bank Owned Property
Retail for Sale
41,925 SF

Melrose Park Retail for Sale - Melrose Park Area

Multi-tenant retail center located in west suburban Melrose Park (Chicago MSA). The center was renovated in 2011 and consists of approximately 42,000 SF across 11 units. Tenants include Foremost Liquors, H&R Block, Subway, Everyday Black Friday and Furniture, #1 Nails, Hanna’s Gaming, and Big Cloud Vape & Tobacco. The center features excellent frontage along North Avenue (277’) and dual-sided pylon signage at the corner of the signalized intersection at North Avenue & 15th Avenue, featuring visibility and exposure to approx. 48,000 VPD. The center is well located within the North Avenue retail corridor. Neighboring retailers include Costco, Target, Jewel-Osco, Cermak Fresh Market, ALDI, Cinemark Melrose Park, Best Buy, Carters, Foot Locker, Burlington, Ross Dress 4 Less. Marshalls, Five Below, Dollar Tree, AutoZone, Raising Cane’s, Panda Express, Chipotle and Starbucks, among others

Contact:

Frontline Real Estate Partners

Property Subtype:

Freestanding

Date on Market:

2025-04-15

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