Bank-Owned Property Sale
Oak Forest Buys Former Electrical Supply Store/Warehouse
In their latest transaction for a bank-owned property, Adam J. Tarantur, CCIM, Principal and Randy D. Podolsky, SIOR, Managing Principal, both with Podolsky|Circle CORFAC International, represented an affiliate of a regional bank in the sale of a 9,389 sq. ft. warehouse/showroom located at 15644 S. Cicero Avenue in Oak Forest, IL.
Podolsky|Circle has leased and sold numerous distressed properties on behalf of various regional banks in the past six months.
The vacant one- and partial two-story warehouse/showroom was sold to the South Suburban Land Bank on behalf of the Village of Oak Forest.
The high visibility building is located in a Planned Commercial District already consisting of abundant retail and restaurants and is across the street from the Oak Forest Metra Station. Situated on 0.65 acres, the former electrical supply store/warehouse features 12’ clear ceilings, two drive-in doors and parking for 28 cars.