PUBLIC NOTICE OF SALE OF SURPLUS REAL PROPERTY OWNED BY THE
VILLAGE OF FRANKLIN PARK AT 10500 GRAND AVENUE (LOT 1)
February 19, 2025
PLEASE TAKE NOTICE that the Village of Franklin Park (the “Village”) adopted Resolution No.: 2526-R-17 declaring a parcel of real property located at 10500 Grand Avenue (Lot 1), Franklin Park, Illinois (the “Property”) as surplus property and is authorizing its sale. A copy of Resolution No.: 2526-R-17 is printed below. A copy of the Appraisal, identified as Exhibit B of Resolution No.: 2526-R-17 is available in the office of the Village Clerk, Village Hall, Village of Franklin Park, 9500 West Belmont Avenue, Franklin Park, Illinois 60131 or at www.villageoffranklinpark.com. The Village will contemplate the sale of the Property for development and occupancy as authorized in the C-3 General Commercial District, as described in the Franklin Park Zoning Ordinance. Sale of the Property will require the execution of a purchase and sale agreement with the Village. Further information about the Property can be obtained from the Department of Community Development at (847) 671-4800. Written proposals for the acquisition and development of the Property must be submitted in writing to Nicholas Walny, Director of Community Development, 9500 West Belmont Avenue, Franklin Park, Illinois, 60131. Written proposals will be reviewed as submitted.
RESOLUTION NUMBER 2526-R-17
A RESOLUTION OF THE VILLAGE OF FRANKLIN PARK, COOK COUNTY,
ILLINOIS DECLARING AS SURPLUS PROPERTY THE VILLAGE OWNED VACANT PARCEL OF REAL PROPERTY COMMONLY KNOWN AS 10500 GRAND AVENUE (LOT 1) AND AUTHORIZING VILLAGE STAFF TO MARKET THE PROPERTY FOR DEVELOPMENT AND DIRECT THE VILLAGE CLERK TO MAKE A COPY OF
THE APPRAISAL OF THE PROPERTY AVAILABLE TO ANY PARTY
WHEREAS, the Village of Franklin Park, Cook County, Illinois (the “Village”) is a duly organized and existing municipal corporation created under the provisions of the laws of the State of Illinois and under the provisions of the Illinois Municipal Code, as from time to time supplemented and amended; and
WHEREAS, the Village owns a parcel of vacant property commonly known as 10500 Grand Avenue (Lot 1), Franklin Park, Illinois that is zoned C-3 General Commercial District, as described in the Village of Franklin Park Zoning Ordinance, consisting of 36,950 square feet (.85 Acres), and further identified by permanent index number (PIN) 12-29-203-065-0000, and as legally described on Exhibit A (the “Property”), a copy of which is attached hereto and made a part hereof; and
WHEREAS, the President and Board of Trustees of the Village of Franklin Park (the “Corporate Authorities”) find that the Property is no longer necessary, appropriate, required for the use of, profitable to or serve any viable use to the Village and that the sale of the Property will eliminate burdensome maintenance cost, provide needed funds, and generate tax revenue for use in the general fund of the Village; and
WHEREAS, the Corporate Authorities further find that the Property serves no public use to the residents of the Village and is in the best interest of the health, safety, and welfare of Village residents to sell the Property; and
WHEREAS, 65 ILCS 5/11-76-4.1 of the Illinois Municipal Code sets forth a procedure for
the sale of municipal-owned surplus real property by Village staff after ascertaining the value of the surplus real estate by written appraisal and making said appraisal available for public inspection; and
WHEREAS, the Village ascertained a written appraisal report for the Property, dated July 26, 2024, which was prepared by Raymond Schmitt, MAI, and Elizabeth Gulis, MAI, of Praedium Valuation Group, 1658 North Milwaukee Avenue, Suite B, PMB 5460, Chicago, Illinois, 60647 (the “Appraisal”), a copy of which is attached hereto and made a part hereof, as Exhibit B; and
WHEREAS, the Appraisal found that the current market value or appraised value of the Property is $400,000.00; and
WHEREAS, the Appraisal is on file and available for inspection or copying in the office of the Village Clerk of the Village of Franklin Park as well as on the Village’s website to any interested party; and
WHEREAS, the Corporate Authorities have determined it best to allow Village staff in the Department of Community Development to market the Property for sale for a commercial retail development and present to the Corporate Authorities for consideration a sale and development agreement for the Property that will complement and enhance the commercial corridor around the Property and benefit the residents of the Village; and
WHEREAS, the Corporate Authorities have determined it is in the best interests of the Village to allow Village staff to conduct the sale of the Property as provided in 65 ILCS 5/11-76-4.1 of the Illinois Municipal Code.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Franklin Park, Cook County, Illinois, as follows:
Section 1. That the above recitals and legislative findings are found to be true and correct and are hereby incorporated herein and made a part hereof, as if fully set forth in their entirety.
Section 2. The Property, as herein described, is hereby determined, and declared by the Corporate Authorities to be surplus real estate of the Village.
Section 3. The Director of Community Development is hereby authorized to seek commercial retail development proposals and to review, recommend, and present a proposal and sale and development agreement for the Property to the Corporate Authorities in accordance with this Resolution and pursuant to 65 ILCS 5/11-76-4.1 of the Illinois Municipal Code.
Section 4. The officials, officers, employees, engineers, and attorneys of the Village are hereby authorized to undertake the necessary steps to present a proposal and final agreement for the sale of the Property to the Corporate Authorities, as contemplated herein.
Section 5. The Village Clerk is hereby authorized and directed to publish a copy of this Resolution at the first opportunity following its passage in a newspaper published within the Village and to make available a copy of the Appraisal for public inspection by any interested party.
Section 6. If any section, paragraph, clause, or provision of this Resolution shall be held invalid, the invalidity thereof shall not affect any other provision of this Resolution.
Section 7. All ordinances, resolutions, motions, or orders in conflict with this Resolution are hereby repealed to the extent of such conflict.
Section 8. This Resolution shall be in full force and effect immediately after its passage and publication as required by law.
PASSED by the President and Board of Trustees of the Village of Franklin Park, Cook County, Illinois this 17th day of February 2026, pursuant to a roll call vote, as follows:
AYES: Avitia, Hagerstrom, Johnson, Ruhl, Special, Ybarra
NAYS:
ABSENT:
APPROVED by the President of the Village of Franklin Park, Cook County, Illinois on this 17th day of February 2026.
APPROVED:
/s/ Barrett F. Pedersen
Barrett F. Pedersen, Village President
ATTEST:
/s/ April Arellano
April Arellano, Village Clerk
Exhibit A
Legal Description of Property
LOT 1 IN THE GRAND RESURRECTION SUBDIVISION, BEING A SUBDIVISION OF THE EAST 350 FEET OF THE WEST 550 FEET OF TRACT 2 LYING NORTH OF THE NORTH LINE OF GRAND AVENUE IN OWNERS’ DIVISION OF THAT PART OF THE EAST ½ OF THE NORTHEAST ¼ OF SECTION 29, TOWNSHIP 40 NORTH, RANGE 12 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS
Permanent Index Numbers (PIN): 12-29-203-065-0000
Property commonly known as: 10500 Grand Avenue, Franklin Park, Illinois 60131
Exhibit B
Appraisal