Springfield, IL Commercial Real Estate Online Only Auction

Springfield, IL Commercial Real Estate Online Only Auction

Bidding opens on Friday, May 29^th at 9:00am CT

Bidding begins to close on Friday, June 26^th at 4:00pm CT

1650 N 14^th Street – Springfield, IL

Prime Industrial Opportunity | Online Real Estate Auction - Foreclosure

Massive Warehouse & Office Space on 1.8 Acres – Springfield, IL

Maximize your portfolio with this high-utility industrial asset. Boasting over 23,000 total square feet, expansive clearing heights, and multi-door loading capabilities, this commercial facility is built for scale, logistics, manufacturing, or distribution.

HE ASSET SPECS

• Total Facility: 23,040 Sq. Ft.
• Warehouse Footprint: 19,500 Sq. Ft. of raw industrial space.
• Clearance: 16-foot high ceilings for high-density racking.
• Loading: 8 overhead bay doors for rapid inventory flow.
• Office Suite: 3,500 Sq. Ft. of dedicated office space + bonus storage loft.
• Total Land: 1.8 Acres (78,692 Sq. Ft. lot) providing ample truck turning radius and parking.

PROPERTY DATA

• Parcel ID: 14-22.0-432-001
• Current Improvement: Commercial warehouse building
• 2024 Real Estate Taxes: $12,473.88
• Legal Standing: Judgment of Foreclosure sale ($288,043.80 judgment amount).

OFFICIAL TERMS OF SALE

• Buyer’s Premium: 10% Buyer’s Premium added to the final bid price.
• Seller Approval: Real estate is sold subject to seller approval and court confirmation.
• Down Payment: 10% down via certified funds within twenty-four (24) hours of auction close.
• Closing Balance: Remaining balance due via certified funds within two (2) weeks of auction close.
• As-Is Sale: Offered without recourse to Plaintiff. Buyer assumes responsibility for outstanding taxes or assessments.
• Inspection Notice: This property will NOT be open for physical inspection. Bidders are strictly admonished to review the official Court file to verify all data.

• Auctioneer: Thomas Walsh (217) 299-0163