This industrial/manufacturing property presents an exceptional opportunity for users or investors seeking a versatile asset in South Elgin. The one-story, 40,000-square-foot building rises with 19’6” ceilings and offers functionality for production, storage, and related operations. Zoned M-2, the site spans 2.42 acres and includes three loading docks to streamline logistics. Previously permitted for a craft grow facility by the Village of South Elgin, this location remains highly adaptable for various uses, including distribution for local dispensaries or light manufacturing.
Positioned near regional transportation networks, the property ensures convenient access to major marketplaces and urban centers. Offered as a court-ordered sealed-bid sale, the asset will transfer to the highest bidder, subject to court approval, with a minimum bid of $2,100,000—significantly lower than its previous listing of $9,800,000. This auction structure creates notable potential for value-driven acquisition in a growing submarket.