Frequently Asked Questions
Common questions about selling your industrial property to Medallion Industrial
- Do you buy industrial properties with existing tenants?
- Yes, we buy properties with existing tenants. We evaluate each situation individually and can work with occupied properties. We understand that tenant relationships are valuable and will factor this into our offer.
- How quickly can you close on an industrial property?
- We can close in as little as 30 days, or we can work around your timeline if you need more time to relocate. We structure every deal to meet your specific needs and timeline.
- Do you require property inspections before making an offer?
- No. We make offers based on our initial site visit and evaluation. We buy properties 'as-is' and don't require extensive inspections or repairs before closing. This speeds up the process significantly.
- What types of industrial properties do you buy in Chicagoland?
- We specialize in Industrial Outdoor Storage (IOS) properties, shallow bay warehouses, maintenance facilities, and contractor yards. We focus on properties in Chicago and the Greater Chicagoland area that serve the industrial supply chain.
- How do you determine the offer price for my industrial property?
- We evaluate properties based on location, current use, land value, and market conditions. We consider the property's income potential, condition, and strategic value. Our offers are fair and based on real market data, not lowball tactics.
- Are there any fees or commissions when selling to Medallion Industrial?
- No. There are no broker fees, no commissions, and no hidden costs. We buy directly from you, which means you keep 100% of the sale price minus standard closing costs.
- What if my property needs repairs or has deferred maintenance?
- We buy properties 'as-is' in their current condition. Old roofs, deferred maintenance, or tenant issues don't disqualify your property. We factor these into our offer, so you don't need to make repairs before selling.
- Do you only buy properties in Chicago, or do you consider surrounding areas?
- We focus on the Greater Chicago area, including Chicago and surrounding suburbs in Illinois, as well as Chicago submarkets in Northwest Indiana, Southwest Michigan, and Southeast Wisconsin. If your industrial property is in this region, we'd like to see it.
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