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500 W Market St, Red Bud, IL 62278

$310,000.00 Red Bud, IL 62278
  • 2.00 Acres
  • Randolph County

Description

Address : 500 W Market, Red Bud, IL 62287

Seller will entertain any and all offers! 

Commercial property consisting of 2± acres on Route 3 in Red Bud. This corner lot has enough room to park your equipment and multiple buildings which can be used for inside storage and servicing. 

Need a space to start or grow an auto industry business? This property has that potential with a 40'x80' steel frame building with two 14'x14' doors and 15'6" ceiling height that was used for larger trucks. The 4 service bays, with one lift, were used for passenger cars and light trucks. The 32'x22' building is just used for storage. There is also a building which was used for truck and bus inspections. Lot has plenty of room to park numerous vehicles. 

Looking more for an investment or income producing property? This property is currently being leased for an auto body business. Leasee is willing to stay under new ownership, leasing part of this property for $30,000 annual gross rent. The remaining land could be used then for personal use or leased for another source of income.

With this much ground and the current buildings in place, this site could be used for a vast array of purposes or business ventures well beyond the Ford dealership it once was.

  • 40' x 80' Steel Frame Building
  • Two 14'x14' Doors
  • 15'6" Ceilings
  • 32' x 22' Building
  • 4 Service Bays
  • One with Lift
  • 5 Blocks from Main & Market-Red Bud, IL
  • 45 Minutes from St Louis

Directions: Taking 159 into Red Bud, Turn west on Route 3. Property is located on the south west corner of Route 3 and Linn St.

Legal Description: Part of Sec 5 & 4, T4S, R8W

Parcel(s): 13-076-011-00 & 13-120-010-00

Taxes: 2021 - $7,988.02 (reflects both parcels)

PP#399  /  MLS #21072660

 Price: $310,000

LISTED by Property Peddler Inc.

Brad Chandler - Auctioneer/Broker - 618-791-3289

Brenda Chandler - Designated Managing Broker - 618-201-3947

 

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