23-Acre Parcel of Land Next to Future IKEA Up for Auction

OAK CREEK — Business owners, get those checkbooks ready.

A 23-acre parcel of land is coming up for auction, located just east of where the IKEA is scheduled to open in 2018.

According to a report by the Milwaukee Business Journal, the 23 acres, north of Drexel Ave. and just east of I-94 had been tied up in a Milwaukee County Circuit Court lawsuit filed in April 2014.

The minimum asking price is $4.5 million and the deadline for offers is June 6, according to an offering the receiver sent to companies that have shown interest in the land in the past.

Oak Creek Mayor Steve Scaffidi told the Business Journal that he’s watching the land.

“I expect something equally cool and as exciting on that side of the freeway,” he said to the Business Journal. “I can almost guarantee you that it will happen. One of the reasons you build an interchange is that, if it’s close to the interchange, you have economic development.”

Read more details on this story here.

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