Commercial Land for Sale in Springfield, Illinois

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. AUCTION TIMELINE Bidding Starts: Friday, May 29, 2026 @ 9:00 AM Bidding Ends: Friday, June 26, 2026 @ 4:00 PM Format: Online Only Auction LOCATION & LOGISTICS Address: 1650 N. 14th Street, Springfield, IL 62702 County: Sangamon Strategic Access: Multiple 20' W Overhead doors securing great access to all of the property. THE ASSET SPECS Total Facility: 23,040 Sq. Ft. INCOME - Currently Rented for $3,500 / Month, Lease terms - month to month 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.