Chicago, IL, February 11, 2019 --(PR.com
)-- Upcoming online auction features Former Youth Treatment Residential Campus appraised for 3.6 million with opening bid of $1.75M.
SVN AuctionWorks has announced the firm will host an online auction, February 27 - March 1, that will include a former youth treatment center residential campus with 23 buildings and 85 beds set on approximately 101.28 acres in Wheatfield, Indiana. Buyers can bid online or submit pre-auction offers.
According to Diana Peterson, president of Northbrook-based SVN AuctionWorks, “This property is ideal for a behavioral treatment/rehabilitation residential campus (e.g. an eating disorder or drug rehabilitation or court ordered treatment and education center) or alternatively a kids camp, conference center or corporate retreat. A former school housing campus, it features numerous dormitories, administration/conference buildings, an equestrian center, expansive farm land for hiking and outdoor sports, an indoor athletic facility with a full sized basketball court, a commercial kitchen with cafeteria dining infrastructure.” Set in a very private and peaceful setting, this property is well located approximately 1.5 hours from Chicago, Illinois and 1.5 hours from Indianapolis, Indiana.
This former youth treatment residential campus specifically includes 18 structures totaling 61,155 square feet plus 5 utility and storage buildings (23 structures total). In addition to the utility and storage buildings, it includes 4 administrative and a primary 11,000 sf classroom building, 8 residential buildings (with 85 beds), and 6 support and maintenance buildings. The 101.28 acre site includes approximately 38 acres of tillable farm land. The property also features a fishing pond, nature walks with a ropes course and driveways extending to the buildings throughout.
The property has a suggested opening bid of only $1.75 million. It was previously valued at $3.6 million.
“Selling senior housing and other large housing assets like this former residential campus is an area of specialty where our team at SVN AuctionWorks has a proven track record,” said Peterson. “Our recent sale of Hilltop Village, a 196 unit independent living community in Euclid, Ohio (located just outside of downtown Cleveland) is an example of another very substantial residential housing property we successfully sold this past year for $5,250,000. Using our proprietary marketing database and leveraging our nationwide platform, we quickly attracted offers from around the country from a qualified pool of serious and ready buyers. This enabled us to accelerate the sale of that property and achieve the highest possible price.”
Interested parties in the February 27 - March 1 online auction should visit, www.svnauctionworks.com.
About SVN AuctionWorks
SVN AuctionWorks is a majority woman-owned business and an independently owned and operated franchise of SVN. SVN AuctionWorks offers a wide variety of commercial real estate for sale and/or auction (including senior housing, industrial, multi-family, office and retail) as well as specialty use properties (e.g. golf courses, shopping centers, hospitality, automotive) and all types of residential real estate. SVN AuctionWorks has over 200 affiliate offices with 1800+ commercial real estate brokers to whom the firm successfully target markets its properties.
For more information about SVN AuctionWorks, visit the firm’s website, http://www.svnauctionworks.com/.