The subject property was only 0.3mi from the new Amazon Warehouse, a 440,000 SF facility that promises lots of new jobs and opportunity to its surrounding region. The parcel was surrounded by residential development, but since it was at a hard corner, there was ample scope of it being utilized for commercial purposes.
Diliberto Real Estate began its auction campaign with local outreach. We amassed over 100 calls from qualified buyers from Crest Hill and neighboring suburbs. We also contacted several people from our proprietary Tier-1 database of more than 20,000 contacts. Eventually, the highest bidder turned out to be a long-time contact of DRES. The property was successfully auctioned within 8 weeks.