221 S. 5th Street - Multi-Use Commercial Building - Downtown Spr
Online Only Auction Bidding Ends: Wednesday August 31st, 2022 AUCTION ENDS - 7:00 PM Important Inspection Date/Time: Monday August 29th, 2022 from 4:30PM - 6:00PM Address: 221 S. 5th Street. Springfield, IL 62701 (Downtown) CLICK HERE FOR GOOGLE MAP DIRECTIONS * Downtown Springfield, IL Multi Use Commercial Building 7,175 Sq Ft *Premium downtown area with heavy traffic *Front (5th Street) and rear building access to all 3 floors *(2019) New - Air Conditioner and Furnace Building Square Foot by Floor: Main Floor(Bar w/Lounge, Office, Storage, and utility rooms) 2475 sq ft. with 14 FT Ceiling 2nd Floor (Bar w/Lounge 46 ft long Bar, Office, Bathrooms, Storage, and utility rooms) 2475 sq ft. with 14 FT Ceiling Basement Area (Bar w/Lounge, Office, Bathrooms, Storage, and utility rooms) 2225 sq ft. with 10 FT Ceiling Building is home to the "Wet Bar" that occupies the main floor and basement bar/lounge areas that covers approx 4700 sq ft. for business operations. The 2nd floor with separate 5th street access is former home of bar/lounge "Stella Blue" which is approx 2475 sq ft. it has a 46 ft bar and restrooms. 2nd floor is being used for but storage currently. The tenant has a month to month lease. Parcel Number: 14-34.0-107-054 Legal Description: OLD TOWN PLAT E 20' OF SO 25' OF NO 75' E1/2 Lot 7 & SO 25' N 75' Lot 8 Year Built: 1920 2021 Taxes: $5,309 Terms: $10,000 Earnest Money with remaining balance due to closing. If financing is required, please have preapproved, Sale of Property is not subject to financing No Buyer Contingencies 10% BUYER'S PREMIUM on the Real Estate Real Estate Is "Subject To Sellers Approval" DON'T FORGET TO UTILIZE THE "ASK THE AUCTIONEER" BUTTON IF YOU HAVE ANY QUESTIONS.
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