Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.