741 Houston Street Lemont, Illinois 60439

For auction related issues, please contact:

Bud Blinick Cell At Auction 847-977-2314

Lot Number: 072920
Address: 741 Houston Street
Lemont, Illinois 60439
Type of Offering: 50 Year T-Mobile Site lease easement
Carriers and Leases: T-Mobile and Sprint
Auction Structure: With Reserve
Earnest Money:
Buyer Premium:

Auction Details

Lot Number: #072920

: $

Auction Date: 09-30-2020

Auction Time: 2:00pm CST

UNDER CONTRACT: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of T-Mobile Wireless Water Tower Lease Agreement located on a village owned operational water tower. The original site lease was entered into in 2000 and amended in 2018. The tower is located at 741 Houston Street, Lemont, IL. The newly amended site lease is for five (5) years and there are four (4) successive five (5) year renewal terms. Current annual rent is $34,980 and the annual rent increases are equal to 15% over the rent for the immediately preceding renewal term. There is no ROFR. There is currently an active Sprint site lease which is generating $33,485 annually. The offer should include a revenue share model for additional carriers. The city owns a water tower located at 1143 State Street and requests that offers include marketing rights to that site as well. All offers should be presented in the form of an executable Letter of Intent. Lemont is a village located in Cook, DuPage, and Will counties and is a suburb of Chicago

These are some particulars:
Sealed Bid Deadline: September 30 2020
Current Annual Rent: $34,980.
Location: 741 Houston Street, Lemont, IL

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

Thank you for your interest regarding this cell tower/antenna. If you are interested in bidding on this asset and require more information, click on the tab labeled “Bidder Packet”.   If you have questions regarding the due diligence either call Bud Blinick at 847-977-2314 or email Bud at budb@cellatauction.com.

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Lemont, IL T-Mobile Site Lease