Auction Services
Sealed Bid Auction - April 18, 2024
We have a 1.84 acre development site available for sale at auction. The property has 1.15 buildable acres and is just off the traffic-lit intersection of 179th Street and Wolf Road in Orland Park. Call or text Daniel J Hyman at 312.338.3003 or email at dhyman@mpirealestate.com or Susan B. Silver at 312.338.3001 or email at ssilver@mpirealestate.com for more details.
Live and Sealed Bid Auctions
Auctions are a popular tool for owners to market their property and quickly close a sale. The auction process generates significant interest in the properties from users and investors, creating a competitive bidding environment and determining the true market value.
Millennium Properties Offers A Superior Service
We occupy a unique position in the market, working with all types of commercial properties – from small apartment buildings to bulk distribution centers, from commercial storefronts to large office buildings.
Live auctions are a great way to create a competitive environment for a property with many interested potential buyers. A Sealed Bid auction gives Millennium full control over the process and allows us to select the highest and best offer for your property, protecting against a limited number of potential bidders.
The Millennium Properties Auction Strategy
A good deal of research and strategy is used to formulate an auction program that will be most effective and achieve the highest total gross proceeds. Through the auction process, we are essentially creating a marketplace.
We believe it is beneficial to structure the sale such that we strongly encourage pre-auction sales. We can create ads that say “Seller Will Consider Pre-Auction Bids” with pricing guidance provided. Any prospective bidders will have the incentive to complete purchases prior to the auction or risk losing the property(s) during the auction in a more competitive bidding environment. Our goal is to be pre-sell the entire inventory.
To learn more about the auction process, contact the experts at Millennium Properties today.
Millennium Properties uses both live and sealed-bid auctions to sell all types of properties, from troubled assets to trophy properties to developer close-outs. Our team will assist you in deciding the best way to auction your property, from setting the minimum bid to walking through the sale terms to setting the marketing time line and budget. Our team will aggressively market and promote your auction property through digital ads, eblasts, social media and online tools. These efforts will showcase your property and generate interest from investors and buyers.
Contact Daniel Hyman to submit your property for our next auction and to learn more about the auction process.
Past Auctions
Click here to learn more about our previous live auctions and sealed bid auctions.