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REAL ESTATE AUCTION

345 W. College Avenue, Jacksonville, IL 62650

Jacksonville Masonic Center

“ONLINE BIDDING ONLY”

“HISTORIC BUILDING”

STARTS: Wednesday, April 1 @ 6:00 P.M.

ENDS: Thursday, April 30 @ 6:00 P.M.

*OPEN HOUSE: Mon. April 13 & 27 from 4:00-7:00 P.M.

Lot Size: 23,760 sq. ft. (0.55 acres)

Zoning: B-3 Business (by City of Jacksonville / no County zoning restrictions)

Built: 1922-1932, Built in stages during the Great Depression (not ADA accessible)  

Building Square Feet: Approximately 15,000.  3 floors 106 X 47, lower level is larger than other 2 levels

Parking Lot: 14,500 sq. ft.   30 Striped Parking Places (1 Bus Spot, Storage Building on 2 Spots)

Elevator: Installed in 1950’s, works well and maintained quarterly. (It is not ADA code accessible)  

Rest Rooms: Men’s & Women’s on Lower Level and 1st Floor, Unisex restroom on 2nd floor

Average Gas & Electric: $536.24 per month

Average Water & Sewer: $36.12 per month

Heat: Boiler/Steam

A/C:  2nd floor has Central Air, 1st floor and lower level has scattered window units

Kitchen: Full Commercial kitchen on lower level, multiple stoves, fire suppression system, commercial dishwasher

 Kitchenette on 1st floor with gas stove

Auditorium with stage & 10 different back drops.

Value: $250,000 (See attached Property Tax Bill. 80% PTAX reduction on building for non-profit organization)

Misc.: Mediacom Cable Internet is currently in use in the Secretary’s Office

The Jacksonville Masonic Center was built during the height of Freemasonry. It had 10 renting organizations and nearly 12,000 dues paying members. Today there are 2 renting organization and approximately 250 dues paying members. Due to the size of today’s membership the rental and investment income barely covers the expenses. Although it breaks our hearts, the time has come to sell the building and downsize into something more affordable.

Terms and Conditions:

$5,000 down at close of auction. Balance due and possession at closing on or before Monday, June 1, 2020. Buyer will be required to enter into a written contract at the close of the auction. Morgan County Abstract Company, Jacksonville, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Buyer will receive a credit at closing for 2019 Real Estate Taxes, 2020 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 Ten (10) percent buyers premium will apply to the high bid to establish a contract bid.

AUCTIONEER’S NOTE:

Building has ideal set up for many different uses. Close to downtown, building has lots of character. Be sure to check this historic building out.

-CORY

Register to bid & view catalogue @ corycraig.hibid.com