Sold for $176,000
Online Only Absolute Auction
1,246±SF Footprint Former Bank Branch
210 NE Madison Ave., Peoria, IL 61602 (Peoria County)
Bidding Opens: Thursday, May 30 at 11:00 AM CT
Bid Deadline: Thursday, June 6 at 11:00 AM CT
Inspection: Thursday, May 30 at 11:00 AM CT SHARP
Property Description: One story 1,246± SF footprint former bank branch built ca. 1993 with two covered drive-through lanes on .49± acre lot with 48 parking spaces. Zoned B-1 Commercial, the irregular-shaped lot has 134 feet of frontage on Madison Avenue and 108 feet of rear alley frontage.
A portion or all of the parking lot has been leased since June 1, 2006 to Human Service Center for $1239/month. This lease may be terminated at any time with 30 days notice to tenant. Lease is posted in the documents section. In addition, a single space has apparently also been leased for many years to Johnson, Bunce & Noble for $43.29 per month, also on a month to month basis.
Peoria County Parcel# 18-09-227-015
Peoria County 2017 Taxes Paid $14,834
Peoria County 2018 Taxes Due $9,889
Mark Rosenberg, Oakwood Real Estate, IL RE Broker Lic #471.012524
Terms: Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, Earnest Money Deposit 10% of Purchase Price, 1% Broker Co-Op, close in 30 days.