CHICAGO-Four South Side parcels will be sold to the highest bidders as Acme Steel liquidates the last of its assets in a bankruptcy sale. A fifth property, a former slag site on 44 acres at 11237 S. Torrence Ave., will be auctioned at a minimum bid of $1.5 million.

Sheldon Good & Co. is conducting open-outcry and sealed-bid auctions for the properties, including a 21-acre site at 429 W. 127th St.

NACME Steel Processing uses a 168,000-sf building it constructed to process steel but pays $120,000 a year in rent under a ground lease through 2015. The property at 429 W. 127th St. is being sold through a sealed-bid process, as is a package of 210 vacant city lots west of Torrence Avenue between 116th and 120th streets.

Across the street is a former coke plant on more than 102 acres at 11236S. Torrence Ave. A former blast-furnace plant on nearly 90 acres at 10700 S. Burley Ave., with more than a half-mile of frontage on the Calumet River, also is for sale. Both properties have rail access.

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