Bankruptcy Sale: U.S. Bankruptcy Court, Northern District of Illinois (Eastern Division) Petition No. 1:26-bk-03505, In re: Hawthorne Race Course, Inc.

Bid Deadline: June 26

On-Site Inspections: By Appointment Only

Hilco Global presents the sale of a 20,400± SF building ideally positioned adjacent to the high-traffic Rivercrest Shopping Center. The property offers strong visibility near the intersection of Cal Sag Rd. and Cicero Ave., where average daily traffic counts reach nearly 13,000 and 36,000 vehicles per day, respectively. Located less than two miles from Interstate 294, the property is further enhanced by its connectivity to the greater Chicago metropolitan area. Currently operating as a restaurant and off-track betting venue, the well-maintained, one-story building presents potential redevelopment opportunities for future retail, restaurant, mixed-use concepts or leaseback opportunity.

Crestwood, Illinois benefits from exceptional regional accessibility, with immediate connectivity to Interstate 294 supporting strong commuter and consumer traffic throughout the southwest suburban Chicago market. The corridor is anchored by prominent retail destinations and a strong mix of national tenants, including Walmart, Menards, Panera Bread, Five Guys, Burlington, Ross Stores, PetSmart and Kohl’s, creating a diverse retail environment that serves a broad consumer base.

Traffic volumes remain a significant advantage for the corridor, with Cicero Avenue reporting traffic counts exceeding 36,000 vehicles per day and nearby Interstate 294 carrying more than 150,000 vehicles daily. Combined with limited new retail construction and stable suburban market fundamentals, the area continues to attract retailers and investors seeking long-term visibility, accessibility and positioning within one of Chicagoland’s active commercial corridors.

Subject to approval by U.S. Bankruptcy Court, Northern District of Illinois (Eastern Division), Petition

No. 1:26-bk-03505 | In re: Hawthorne Race Course, Inc. Hilco Global in cooperation with Jeff Azuse,

IL Broker, Lic. #471.011086.