Bids due Friday on 10th city-owned property group

Bids for the nine parcels that are part of the city of Springfield’s 10th group of surplus properties up for sale are due by 3 p.m. July 23, according to a city news release.

For each property, the city lists a reserve price, intended to give potential buyers an idea of what bids the city would accept. Among the properties for sale in the current group are five zoned for single-family residential, two zoned for residential townhouse and two zoned for manufacturing.

Proceeds for the sales will replenish the funds from which each property was purchased, with the remainder going to the Police-Fire Pension Fund.

The parcels in the 10th property group are:

• 4126 W. Junction St., general manufacturing, with a reserve of $6,000
• 513 N. Franklin, heavy manufacturing, with a reserve of $8,000
• 1327 W. Catalpa St., single-family residential, with a reserve of $10,000
• 1025 N. Broadway, single-family residential, with a reserve of $6,500
• 3014 W. Lincoln St., single-family residential, with a reserve of $6,800
• 3015 N. East Ave., single family residential, with a reserve of $6,800
• 325 N. Homewood Ave., single-family residential, with a reserve of $12,000
• 900 W. Pershing St., residential townhouse, with a reserve of $10,000
• 906 W. Pershing St., residential townhouse, with a reserve of $7,000

According to the bid document, the city will consider selling the West Catalpa Street, North Broadway and West Lincoln Street properties as a package. It would consider a similar package sale for the West Pershing Street properties.

No reserve prices were given for packages. More information on the properties is available on the city Web site.
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