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ilco Real Estate Sales announces a qualifying bid deadline of April 16, 2025, for the sale of two prominent office buildings in Oak Brook, IL, and Southfield, MI. The properties will be auctioned on April 23, 2025.
The Oak Brook site at 2210 Midwest Road offers a prime redevelopment opportunity in Chicago's western suburbs. This 28,154± SF building sits on 3.03± AC with suite options from 500± SF to 3,100± SF and is currently 60% occupied. With high visibility from I-88 and ample parking, the property provides exceptional value for office tenants, investors, and developers.
Strategically positioned near major highways, the site offers easy access to O'Hare and Midway airports. Existing tenants include strong medical businesses that provide physical therapy, primary care, and rehabilitation services. The property's strong demographics, versatile layout, and value-add potential make it ideal for new leasing, investment, or redevelopment.
The Southfield site at 26250 Northwestern Highway is a 33,420± SF building situated in the heart of Southfield's premier office, hospitality, and retail corridor. With four access points, including one on Corporate Drive, the site has versatile potential for retail, restaurants, hospitality, or other commercial uses. Its strategic location near Lawrence Technological University and Southfield city offices makes it a prime investment opportunity.
According to Daniel Miggins, vice president at Hilco Real Estate Sales, "Both properties offer fantastic demographics and value-add opportunities." Chet Evans added, "The Oak Brook site offers tremendous value in a high-profile marketplace, while the Southfield site provides unique development options."
To participate in the auction, bidders must register by April 16 at 5:00 p.m. (CT). The sales are being presented by a private seller, and interested parties should review the Bidding Procedures on Hilco Real Estate Sales' website.
About Hilco Real Estate Sales
Hilco Real Estate Sales advises and executes strategies to optimize clients' real estate assets, improve cash flow, maximize asset value, and minimize liabilities and portfolio risk. With over 20 years of experience, the trusted HRE team has secured billions in value for hundreds of clients through complex transactions, including artful lease renegotiation, multi-faceted sales structures, strategic asset management, and capital optimization.
