PA Picks – We’re Going Commercial…

October 4th, 2013 by Ori Klein

The country has been quite active as of late – the real estate market and national economy steadily rising, yet the government has decided to close its doors for awhile. This latest development has quite a few real estate professionals wondering how it will affect the current financial climate, where being proactive in finding a lucrative deal is at the top of many an investor’s list. This week we’re taking a look at some of those potential deals in the commercial sector.

Check out Key Auctioneers’ court-ordered, absolute auction of a one-story, 2,983sf commercial office building in Peoria, Illinois. Sitting on .5 acres and furnishing a 1,500sf walk-out basement, this property offers a substantial high-end build-out with private offices, conference room and kitchen area. And let’s not forget to mention the public utilities and paved parking lot. PA is picking this one for its prime location, situated on busy West Glen Avenue with quick and easy access to I-74. Auction date is October 29th.

If you’re looking for something more spacious, then take a look at Freedom Realty Exchange’s 24,804sf former auto dealership and service center in Chowchilla, California. Zoned C-3 (Service Commercial District) by the city of Chowchilla, this property is authorized for highway commercial development. Located at the southwest quadrant of Highway 99 and Robertson Boulevard, this commercial offering presents paramount visibility and high-volume traffic. Settled on 4.66 acres of land, PA digs this one for its ample space which can bring a plethora of possibilities. Sealed bid deadline is October 31st at 5:00 pm.

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