Listing ID : 964865
Listed On July 16, 2026 1214
Listing Updated July 17, 2026
Court-Ordered Sealed-Bid Auction of Real Estate and all Property Subject to the Lender’s Security Interest.
Partially Completed, Being Sold as/is Cannabis/Craft Grow Facility.
740 Schneider Drive, South Elgin, IL
40,000 sq. ft. industrial/manufacturing one-story building with 19’6″ ceilings, three loading docks, all on a 2.42 acre site, zoned M-2, South Elgin- previously zoned for a craft grow facility by the village of South Elgin. Ideal location for distribution to local dispensaries or other possible uses.
Previously Listed at $9,800,000
To Be Sold to the Highest Bidder Subject to a Minimum Bid of $2,100,000* and Court Approval.
*Subject to the Court-approved Terms of Sale and a 7.5% Buyers Premium.
On-site Inspections from 2:30 p.m. to 4:30 p.m. on July 20, 2026 and August 6, 2026 and by Appointment.
Sealed Bid Auction Deadline: August 11, 2026
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