Commercial Real Estate Auction in Decatur, IL
Auction starts to close Tuesday, June 30th at 6:00 PM CT
708 N. College, Decatur, IL 62522
•To view this Real Estate contact Auctioneer @ 217-971-4440
*INVESTORS CHOICE!!
*LOCATION..LOCATION!!
TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Thurs. July 30, 2026. Buyer(s) will be required to enter into a written contract at the close of the auction. First Illinois Title Group, LLC of 101 S. State St. Decatur, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. All Real Estate Taxes payable will be paid by seller. 2026 Real Estate Taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Seller reserves the right to accept or reject any or all bids. A Five (5) percent buyers premium will apply to the high bid to establish a contract bid.
AUCTIONEER’S NOTE: All (3) Tracts are in the same block, as a buyer, if you were to buy all (3) tracts, there is an alley you could get the city to vacate and tie all (3) tracts together.
This commercial property has many possibilities.
Be sure to check this out!
-CORY
Lot 1:TRACT 1: (708 N. College)
Warehouse (63’x150.5’)
w/ approx. 885 sq ft of living space(Living Room, Bedroom, (3) Office Rooms, Kitchen, Full Bath w/ HVAC System.
Building features a 10’x10’ front & 8’x8’ rear overhead doors, cross ventilation, (2) exhaust fans, concrete loading dock, Natural Gas Heat.
Property has a nice chain link fenced lot for outdoor storage.
*PIN: 12-10-458-020
*TAXES: $2,705.52
*LOT SIZE: 130’x172’
*ZONING: M-2
*in Central TIF District
Do not miss out on this opportunity! Nearly 10,000 square feet of fully insulated warehouse space with endless possibilities! This versatile property combines functional industrial space with income potential and live/work flexibility under M-2 zoning.
The property features five office areas, including a currently configured one-bedroom apartment that could easily be converted into a three-bedroom living space with an additional office. Whether you’re looking for a live/work setup, rental income, storage business opportunities, or space to operate your own business, this property delivers exceptional flexibility.
Recent upgrades include:
Fully remodeled bathrooms with all-new plumbing
New kitchen and plumbing
New 50-gallon water heater
Complete LED lighting conversion throughout
The warehouse is exceptionally energy efficient thanks to extensive insulation, maintaining approximately 55 degrees during winter months with minimal heating required.
Additional property highlights include:
400 amp electrical service with 200 amp step-down
Existing paint booth
On-site materials to waterproof walls and also use the paint booth as a wash bay
Fenced side yard with potential rental income
Excellent storage and parking potential
The building layout could accommodate approximately 36 angled parking spaces for 40’ vehicle storage, creating additional income opportunities. Combined with apartment rental income—estimated at $950+ per month—and potential fenced yard rental income of approximately $500 per month, the property offers strong cash-flow potential. (A potential renter has expressed interest at $500 a month).
Perfect for:
Contractor or trades business
Automotive or fabrication shop
Warehouse and storage operations
Live/work conversion
Investment property with multiple income streams
Hobbyist or collector needing substantial indoor space
A rare opportunity to own a highly adaptable industrial property with built-in income potential and room to grow.
Lot 1a:TRACT 1A: (708 N. College)
Ledwell Portable Loading Dock 10’x25’ w/ adjustable height. 50,000# rating
(Terms: Cash or Check)
Lot 2:TRACT 2: (717 & 725 N. Edward)
717- is a vacant lot of 65’x172’
*PIN: 12-10-458-017
*TAXES: $42.80
*ZONING: M-2
*Central TIF District
725- has a 3,948 sq. ft. warehouse building located on it.
*LOT SIZE: 120’x172’
*PIN: 12-10-458–021
*TAXES: $2,211.82
*ZONING: M-2
*Central TIF District
Lot 3:TRACT 3: (753 & 757 N. Edward)
•(2) Vacant Lots
*PIN:12-10-458-012 (65’x83’)
12-10-458-013 (35’x90’)
*TAXES: $0
*ZONING: M-2 and M-1 (See plat)
*Central TIF District
1840 Timbercrest Street
Taylorville, IL
62568
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