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Redevelopment Land Auction in Springfield Illinois

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Live On-Site Auction

Wednesday, June 7
1:00 PM (CT)

Preview

Wednesday, May 24
10:00 AM – 12:00 PM (CT)

Auction Details

Bank-Ordered Auction of 1.47 AC Redevelopment Opportunity. Located on corner of busy Dirksen Parkway and North Elm Street at signalized intersection. Traffic counts of 16,700 vehicles/day. Building with 11,300 SF plus partial basement. Great for a restaurant, car dealership, storage units. 

Address 855 North Dirksen Parkway, Springfield, IL 62702
Zoning B-1, Highway Business District which includes S-1 & S-2 uses (retail, office & commercial)
County  Sangamon
Parcel Number 14-25.0-181-017
Lot Size 1.47 AC
Frontage Area 260′ along Dirksen Parkway
Building Size 11,299 SF plus partial unfinished basement (office area is 1,950 SF)
Demolition Estimate Approximate cost to demolish existing building: $40,000
Construction Type Concrete block, masonry exterior
Roof Type One portion is pitched, shingled; other portion is flat, rubber membrane
Year Built 1954 with additions/revisions in 1985 and 2000
HVAC Type Five units; two reported to be operational
Clear Ceiling Height 10′-12′
Parking Lot Approximately 1 AC of parking space
Assessed Tax Value $198,271 (2016, pay 2017)
Annual Taxes $16,535 ($8,267.50/installment) Due June and September
Other Pertinent Data All public utilities
  Signalized intersection
  Traffic counts: 16,700 vpd
Required Down Payment $10,000 cashier’s check prior to start of auction; increase to 10% within 3 business days
Closing Time Within 30 days
Tax Administration Pro-rated to date of closing

For more information, contact
Veronica Hughes
(317) 353-1100 (Office)
(317) 995-1156 (Cell)
vhughes@keyauctioneers.com

Key Terms
10% buyers premium will be collected
Licenses: Jonathan Baker 441.001326 & 471.0004634
Seller: Union People Products, Inc.

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