Commercial Real Estate

AUCTION

Friday, June 28 at 10:00 AM

LIVE & SIMULCAST

Former Fred’s Store in Benton
215 Bailey Lane,
Benton, Illinois 62812

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Great Location!

• Located in a significant commercial development area within Benton.
• Less than a mile from the downtown business district.
• Approximately a mile from intersection of Highway 14 and Interstate 57.
• Benton is located two hours or less from three major cities

 

Gross Building Area:
16,740 square feet
Total Land Area:
3.55 acres or 154,640 square feet

 

Zoning is B-2. Flexible zoning will allow single or multi-tenant
retail, event or banquet center use, automotive, medical services, educational or religious use. Also available as conditioned warehouse or storage use.

 

PROPERTY OVERVIEW
Ollis Auction is pleased to present a 100% fee simple interest in a former Fred’s Super Dollar located at 215 Bailey Lane, Benton, IL, 62812. This store is located between the Franklin County Hospital and Benton Industrial Park offering a convenient shopping option for patients of the hospital as well as commuters. Proximity to workplaces and services as well as a heavy traffic count of over 5000 make this a strong location for buyers use. The subject property is a 16,740 square foot building.
LOCATION OVERVIEW
Benton is a diverse community acting as the county seat for Franklin County Illinois. The city offers a mix of industries, recreation, and services to support the region. Manufacturing, retail trade, and transportation are the primary industries, while the most common occupation is the transportation of materials. Interstate 57 runs through Benton and is a popular route for travelers from Chicago and northern Illinois moving south to Tennessee, Kentucky, or Arkansas. Benton supports travelers to Rend Lake, a popular travel destination for fishermen, campers, golfers, and water sports enthusiasts. Franklin County Hospital resides in the City of Benton and offers medical services for the entire county. All these characteristics combine to make this a strong location for alternative uses.

POPULATION               3 MILES         5 MILES         7 MILES
Total population               5,783               11,723            17,552
Median age                     40.1                  40.5                41.1
Median age (Male)          35.9                  37.1                38.2
Median age (Female)      44.1                  43.8                 43.7


HOUSEHOLDS & INCOME 3 MILES         5 MILES         7 MILES
Total households                      2,457               4,932              7,358
# of persons per HH                2.4                   2.4                   2.4
Average HH income                $42,092          $42,477           $42,662
Average house value                $73,766          $74,462           $76,338
* Demographic data derived from 2010 US Census

 

SITE DESCRIPTION
Number of Stories ............................................................One
Year Built.......................................................................2001
Gross Leasable Area (GLA) .................................... 16,740 SF
Lot Size ..........................................±3.52 Acres (158,646 SF)
Type of Ownership ................................................Fee Simple
Parking................................................... ±40 Surface Spaces
Landscaping........................................................Professional
Topography ..................................................................... Level


CONSTRUCTION
Foundation ....................................................... Concrete Slab
Exterior .............................................................. Stucco/Steel
Parking Surface...........................................................Asphalt
Roof............................................................................... Flat

 

 

HVAC: EIGHT (8) ROOFTOP UNITS at Five (5) tons of cooling each. Five (5) ton York units each with 90,000 BTU of heating.
In addition, a two (2) ton split system in pharmacy area.
ELECTRIC: Building has 600-amp three phase service with three (3) 200-amp sub panels.


INVESTMENT HIGHLIGHTS
• Average household incomes of approximately $51,000 annually
• ± 10,000 residents within a 5-mile radius
• The subject property is located right next to Franklin Hospital
• Local national retailers include O’Reilly Auto Parts, AutoZone, McDonald’s,
Taco Bell, Pizza Hut, Applebee’s, Hibbett Sports, CVS, and many more
• Benton is located 99 miles southeast of St Louis, MO.

Live & Simulcast

Terms and Conditions: JSL Title, Marion, IL. will handle all title work and closing. Real Estate Sold “AS IS”, No Warranties Either Expressed or Implied. 2019 Real Estate Taxes will be provided up to time of closing. $20,000 Down Day of Auction Balance Due and Possession at Closing on or Before August 30, 2019. Buyer required to enter into written contract day of auction. Have all financial arrangements and inspections made prior to auction. A five (5) percent buyer’s premium will apply to the high bid to establish the contract price. Information Herein Believed to Be Accurate but Not Warranted.



 

www.ollisauction.com

 

 

400 New Hope Road Buncombe, IL 62912

(618) 833-2227 Toll Free 800-272-9791

Joe Ollis Auction Service, LLC IL License # 444.000380

Information Herein Believed to Be Accurate but Not Warranted

 

 

 

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