Schaumburg planners are assessing three purchase bids and development proposals for the 55-acre, village-owned Murzyn-Anderson property near the southwest corner of Irving Park and Rodenburg roads.
ML Realty Partners in Itasca bid $1 million to buy the site for a 136,000-square-foot industrial property. Experior Transport of Alsip bid a little more than $4.2 million for its use as a trucking facility. And CTR Partners of Houston bid nearly $4.6 million to build an unspecified type of distribution center.
None of the bids come close to the $7.8 million the village paid for the land more than a decade ago.
Schaumburg Economic Development Manager Matt Frank said all three proposals are for the principal use of the property, but there could be some land left over for other uses depending on the amount of wetland mitigation possible.
Village staff members likely will need about a month to assess the proposals before submitting a recommendation to the village manager, Frank said.
Bids were due at village hall by 5 p.m. Tuesday and opened during the village board meeting two hours later.
Trustees agreed last summer to try selling the property near Schaumburg Regional Airport at the western edge of the village. The village began soliciting bids in January.
Schaumburg is under no obligation to accept any of the bids, Village Manager Brian Townsend said.
The village acquired the land in purchases in 2003, 2005 and 2007. At that time, officials believed the site could accommodate one of the last big commercial developments for the otherwise landlocked Schaumburg.
By way of comparison, the site that houses the Renaissance Schaumburg Hotel and Convention Center along the Jane Addams Memorial Tollway is only 45 acres.
Light industry, offices or even an entertainment use complementary to the nearby Schaumburg Boomers Stadium have been considered likely options for the Murzyn-Anderson site, Townsend said. Houses, apartments or condos definitely are not.
According to a village consultant, the site already contains about 23.6 developable acres without wetland mitigation.
Development would require rezoning the land from its current agricultural classification, and utilities would need to be connected from neighboring properties.