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LYNWOOD, IL-A sealed-bid auction will be used to sell the former Tanko Screw Co. headquarters in this south suburb of Chicago. The deadline for bids on the 41,647-sf office and industrial building at 19830 S. Stony Island Ave. is 5 p.m. Dec. 17.

Lynwood Mayor Russell Melby has promised to discuss potential financial incentives for the buyer, says Sheldon Good & Co. broker associate Barry Holtzer. The property, vacant since the bankruptcy of its tenant, already benefits from a location across the street from a proposed 39-acre sports and exposition center being built with Illinois FIRST money.

Sheldon Good & Co. Auctions LLC is conducting the sealed-bid auction of the building, constructed in 1991 on a 6.5-acre site. There is about 4,000 sf of office space in the one-story building, just off the Calumet Expressway.

“The building is the best of its kind in the area,” Holtzer says. “The facility is located on a frontage road to the expressway, just off an exit, and is ideal for warehousing or light-manufacturing uses.”

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