Former Army Reserve Center Hits GSA Auction Block
For immediate release – November 13, 2017
CHICAGO – The U.S. General Services Administration (GSA) announced the former Army Reserve Center in Harvey, Ill., will be sold through a public auction in an effort to find a new owner for the property while creating the greatest possible value for taxpayers.
This public sale is an example of the federal government’s continued efforts to reduce its inventory of properties. GSA is assisting the U.S. Department of Defense by disposing of this property, which ultimately will help reduce the federal real estate footprint and create savings for the government.
The Army Reserve Center is located at 400 East 167th Street, in Harvey, Ill.
The site includes a 14,005 square foot concrete and brick facade building and a 2,552 square foot garage, both built in 1961.
The property, which is being sold as-is, sits on 3.98 fenced acres and includes paved parking.
About the Auction
As part of GSA’s role in removing excess federal facilities from the government’s inventory while creating the greatest possible value for taxpayers, GSA is offering the property to the public through an online auction, which starts on November 13, 2017.
Interested bidders will need to complete an online registration form and submit a registration deposit of $25,000.
The starting bid is $50,000, which does not represent the actual value of the site.
Additional information on the property and the auction can be found at www.realestatesales.gov.
In fiscal year 2017, GSA partnered with other federal agencies to dispose of 115 assets government-wide and generated $102 million in proceeds. Since 2013, GSA has completed 1,074 disposal transactions, which have generated $337.5 million in proceeds and reduced the federal government’s footprint by more than 64,660 acres of excess land.