ABSOLUTE AUCTION

INCOME-PRODUCING COMMERCIAL PROPERTY

METROPOLIS, ILLINOIS * +/- 1.68 ACRE TRACT ZONED C3

HIGH TRAFFIC VISABILITY * 3 INGRESS/EGRESS TRAFFIC POINTS

CURRENT CASH FLOW WITH EXCELLENT GROWTH POTENTIAL

ATTENTION INVESTORS & DEVELOPERS!

Broker Co-op Laurie Hines Broker w/Remax Advantage of Metropolis

(618) 524-4777

Selling:  Located on a heavily-traveled road in Metropolis, Illinois, known both as highway 45 and the Ohio River Scenic Byway, a money-making investment opportunity for a buyer with some resources and creative vision. A property situated on +/- 1.68 acres in close proximity to restaurants, shopping, state park, gaming, and medical facilities. Offering a building which has 5-6 combined apartments upstairs & downstairs, laundry area, as well as space for an office/storefront. Included are 3 additional homes with 2 currently occupied, plus a garage/storage building with over 700 square feet of space directly behind main building. Property has gravel drive with 3 connections to main road. The stone house near front of property included but is not in livable condition. This sale is offered in cooperation with Remax Advantage Real Estate of Metropolis.

Date & Time:  Saturday, November 1, 2025 @ 10AM

Where:  1531 East 5th Street. Metropolis, Illinois 62960

Property Preview:  Day of sale starting at 8:30 A.M. or by appointment

Auction Held On-site Rain or Shine

Directions: From Paducah, take I-24 west to Illinois. After navigating I-24 bridge, take first exit (exit 37) to Metropolis. Turn left at light onto Highway 45 proceed +/- 2.1 miles arriving at property on right just past McDonalds.  Signs posted.

Real Estate:  Selling multiple buildings on +/- 1.68 acres on a heavily traveled road in Metropolis, Illinois. Commercial building has +/- 3,100 square feet of space but offers an office/storefront area in the front of the building. Additional space features a community laundry area, 4 apartment units on the mail level and 2 more on second level.  All currently vacant.  3 additional homes on property, 2 currently occupied and renting for $550/month and $400/month. Garage unit is directly behind main building with +/- 900 total square feet with a single garage door. This property will sell as one complete investment property. Additional home adjacent to main building, closest to highway is in poor condition and may not be a candidate for renovation. Property located less than 5 minutes from Interstate 24. This property was originally divided into 2 tracts, one for the stone house, and the other for the commercial building, 2 rental homes and garage, but recently the lot line was abolished and has been surveyed into one tract.

Nearby Amenities:  Located on the Ohio River Scenic Byway, also known as Highway 45, and less than 5 minutes to I-24, there are many attractions within seconds to minutes in drive time. McDonald’s restaurant is across the street, as are O’Reilly Auto Parts, The Dollar Tree, Thrive Dispensary, Linwood Kubota, and Linwood Buick GMC. Fort Massac State Park is less than a half mile down the road. Big John’s market is less than a mile for groceries. A wonderful Mexican restaurant and well-known bowling alley are also a few blocks away. Harrah’s gaming operation is less than 2 miles away overlooking the Ohio River, near many other shops and restaurants in this historic town, all within the only “Metropolis” in America, the home to Superman. 

PROPERTY CONDITION

Commercial Building:  Wraparound covered walkway on most of the main building with walled exterior dimensions of +/- 106’ by 29.5’. Office/storefront was previously occupied by Tokyo Spa as a business operation with a monthly rent of $1100/month. There is also a community laundry area. 2 apartments in this building have 2 bedrooms, 1 bath, kitchen, and living room. 1 apartment unit is currently unfinished but would offer 1 bedroom, 1 bath, kitchen, and living room. The storefront can easily be converted into an additional apartment.  The second floor to this building is currently inhabitable but has been used in the past as 2 large apartments. Gas heat is used. Roof for the commercial/apartment building is estimated at +/- 20 years old.

Garage:  Constructed of concrete block, painted exterior. Has +/- 726’ square feet of space and shows quite a bit of age. Has electricity in the unit, which is divided into 2 rooms. Access by 1 single roll-up garage door and 1 exterior service door.

House A:  A small home, 30’ x 24’ in size, offering +/- 720 square feet of living space and is currently occupied. All electric, metered separately. 2 bedrooms and 2 baths, kitchen, and living room. Baseboard heat, window A/C units, includes stove and refrigerator. Roof is +/- 20 years old. Tenant pays $550/month plus utilities.

House B:  A slightly larger home, 40’ x 24’, offering +/- 960 square feet of living space and is currently occupied by a long-term tenant of over 10 years. Home is all electric and is metered separately. 2 bedrooms, 2 baths, kitchen, and living room highlight this unit. Current rent is $400/month plus utilities.

Stone House:  Located toward front of property, adjacent to main building and is in very poor condition. May not be salvageable. 

Property Grounds:  Tract is a level +/- 1.68 acres parcel with some trees lining the property perimeter on 2 sides. Driveway is white chat gravel and is in good shape, with 3 access points to main highway.

Terms of Sale: 

Real Estate:  15% good faith deposit due on day of sale with the balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Previews by appointment or on the day of auction between the hours of 8:30 -10:00 A.M.  with auction starting at 10:00 A.M. on-site.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered. 

Deed: Seller to provide a Warranty Deed.

Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession: Possession given at closing. 

Restrictions: Any recorded restrictions (if any) and zoning regulations apply. 

Easements:  Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein, and all related materials, are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company.  Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Auctioneer’s Note: Auction held on site rain, or shine.  Any additional terms & announcements made on the day of sale take precedence over printed material or any other oral statements made prior to sale.  Auction company or owner is not responsible for accidents.

New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.


IL Auction Lic. #441.001140
IL Broker Lic. #471.022779


Please visit our website at colsonsells.com for more details!