Springfield, MO

Assemblies of God has put the vacant, 70-acre former Central Bible College campus on the auction block. Deerfield, Illinois-based Fine & Co. LLC is soliciting bids.Photo courtesy FINE & CO. LLC
Assemblies of God has put the vacant, 70-acre former Central Bible College campus on the auction block. Deerfield, Illinois-based Fine & Co. LLC is soliciting bids.

Photo courtesy FINE & CO. LLC

Former CBC campus to be auctioned

Posted online
Four years after Central Bible College merged into Evangel University, The General Council of the Assemblies of God seeks bids for the vacant, north-side Springfield campus.

Deerfield, Illinois-based real estate auction and advisory services firm Fine & Co. LLC is soliciting bids through March 31 for the 3000 N. Grant Ave. campus. Through the sealed-bid auction, potential buyers are required to submit their bids to the Fine & Co. office.

Evangel spokesman Paul Logsdon said the former CBC campus has been under the direction of Assemblies of God since the consolidation of Evangel, CBC and Assemblies of God Theological Seminary was completed in May 2013. Evangel also is owned by Assemblies of God, Logsdon said.

Michael Fine, principal of Fine & Co., said Assemblies of God made a business decision to sell the CBC campus. Officials also were considering selling the campus in 2013.

“Just like with any other business assets, when the asset isn’t producing for you anymore — in this case they have no use for it within the organization — it’s time to sell that asset,” Fine said.

Assemblies of God has the right to reject bids for the roughly 70-acre campus, but Fine noted there is no set price.

“They’re using the auction to allow the bidding process to demonstrate market value,” he said.

The campus has a 2016 taxable appraised value of $9.5 million, according to Greene County assessor records.

According to the auction page, the campus includes 26 buildings and on-site housing. The listing notes the property could be used for educational or religious institutions, medical rehabilitation projects, student housing or redevelopment.

If the entire CBC campus does not sell by March 31, Fine said a separate auction would attempt to sell off specific parcels of the property through early June.

[[In-content Ad]]


No comments on this story |
Please log in to add your comment
Editors' Pick

Flip Side of Bitcoin: Cryptocurrency technologies maturing, finding place in business

The development of cryptocurrency software may leave a lasting effect in business.

Most Read
SBJ Live logo
Be Inspired - Stimulating Your Creativity

“I think that is probably one of the most important things you could do, is to keep up with the trends, but not get muddled in them and not get so sucked in that that is the only thing you do,” …

Best Advice - Live by Principles "We all want to build something, we all want to do something fun," says Tez Ward, a financial adviser with Morgan Stanley. "But then once it's built, we set it to the side and move on." Ward says the …
Demand Pull Inventory Control “We’re doing really complicated math, forecasting way in the spring, what we’re gonna need in inventory by what date,” says Shawn Askinosie, the Founder and CEO of Askinosie Chocolate. The …
Need to Focus Leads to Sale of Business “It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …
My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …