Commercial Property Buyers in Chicago and 4 Types of Distressed Property we want
Commercial property buyers in Chicago and 4 types of distressed property we want. URB Chicago has been buying commercial property in Chicago’s southside since the 1980s. If there is a single question, we’d love to answer for anyone who wants to sell their distressed property it would be:
I own commercial property in Chicago and want to sell. But, do you buy distressed or damaged commercial property if it is unsalvageable?
If you aren’t into reading, then my quick answer is, “Yes, we do.” If you are interested in types of distressed property, we buy in Chicago then read on.
URB trusted Commercial Property Buyers in Chicago
URB Chicago is Chicago’s most trusted fast cash buyer of commercial property in the Windy City. While we buy houses and commercial property all over Chicago, we specialize in buying Chicago’s southside properties.
So, what exactly is a cash buyer? A cash buyer is a company that pays cash for your property in any condition. This means that we have cash available, and you don’t need to wait for lenders to approve a loan or mortgage. We essentially cut out the time-consuming middle man. As a cash buyer we pay cash for homes, rental properties and commercial properties for real estate that is in any condition. Damaged, gutted, outdated, and even fire damaged properties. URB Chicago is considered the most trusted cash buyer in Chicago for its no-pressure buying practices. We also can purchase many Chicago properties in as little as 7 business days from the time you accept our cash offer.
So, are all distressed properties created equal? The answer to that is, no. Each distressed property we make a cash offer on is as different as the current owner. What we do is offer a fair-market value cash offer. This ensures that you are satisfied with the offer, and we can buy the property from you quickly and with as little stress as possible.
That being said, many Chicago commercial property owners don’t realize that they can sell a distressed commercial property that is falling apart. So, here are 4 types of distressed property we want to buy.
We Buy Fire Damaged Commercial Property
We buy fire damaged commercial property. Commercial property in Chicago is a long list of property types. From red brick corner stores to warehouses and multi-use retail and rental units. With a vast amount of commercial property and a high-rate of fire damage, Chicago has its share of fire damaged commercial real estate.
What many owners don’t realize is that even if your property is fire damaged that doesn’t mean that your only recourse after a major fire is to knock down the property and rebuild. URB Chicago is always on the lookout for fire damaged property in Chicago’s southside. Small fireplace fire? Electrical fire? Or has a lightning bolt burned your property to the ground? Regardless of damaged, URB Chicago pays cash for fire damaged property in any condition.
Gutted Commercial Property
Gutted commercial property. Have you started a commercial property reno and ran out of money? Well, you are not the first. In fact, you are among hundreds of Chicago rehabbers who every year bring commercial property to its studs and need to abandon commercial real estate.
A gutted property is often one of the first steps in a home or commercial property renovation. Gutting a property allows for contractors to redesign space, move walls, and maintain historic charm with a modern design. However, renovations rarely go as planned.
URB Chicago pays fair-market cash for gutted commercial property as is. That means even if you are still in the process of gutting a property, we will buy it.
Commercial Property with Chicago Building Code Violations
Commercial property with Chicago building code violations. Chicago has over 150 years of commercial property. And over time, building codes are brought up to date after a catastrophic failure or with new building materials and techniques. Older commercial real estate in Chicago is synonymous with having Chicago Building Code violations. This is especially so if the property has been left abandoned for years or even decades.
URB Chicago buys commercial property with Chicago building code violations. By removing the middle man – the lender – you don’t need to worry about repairing damage and building code violations as a contingency to selling the property. We buy property as-is and pay cash in as fast as 7 business days.
We Buy Abandoned Southside Chicago Commercial Property
We buy abandoned southside Chicago commercial property. All you need to do is drive through Chicago’s southside neighborhoods to see dozens, if not hundreds of abandoned commercial properties. Extreme weather, lack of money to upgrade, and inherited commercial property are just a few reasons why Chicago has so many abandoned properties.
Abandoned property is a liability for many reasons. Abandoned commercial property can have structural failures that cause injury and damage. These properties can be a danger to the homeless, squatters, or urban archaeologists who wander onto your property. Drug dealers, gang members, and other nefarious actors often use abandoned properties to continue illegal activities.
URB Chicago buys abandoned commercial property and can help remove a liability that’s been abandoned for years.
Contact URB Chicago Today. We Buy Commercial Property in the Southside
Contact URB Chicago today. We buy commercial property in the southside and have been buying distressed property in Chicago since the 1980s. Do you have commercial real estate that you thought was too damaged to sell? URB Chicago pays cash for commercial property and cash for houses in any condition.
We offer fair-market cash offers for commercial property in as fast as 24 hours. And we can close on most commercial property in as fast as 7 business days. That means fast cash for your property in any condition. And when we say any condition, we mean any. Fire damage, Chicago building code violations, gutted, abandoned, and worse.
Contact URB Chicago today to receive your cash offer for commercial real estate fast!