2/2 CRE Left To Deteriorate Auction Result Only Bid $2.0M $3,968 per Unit Champaign Park Apartments 2106 White Street West Champaign, Illinois 504 Units Built 1968 29 Buildings 0% Occupancy WCIA June 16, 2025: "A Champaign County apartment complex is condemned… and those living there are trying to figure out their next steps. Champaign city officials said Champaign Park Apartments off Springfield Avenue are unfit for living. Champaign’s Neighborhood Services Director Rob Kowalski said none of the 29 buildings have water services… and many don’t have utilities at all. He said the owner hasn’t been meeting the city’s property code. Other buildings are damaged from fires or don’t have heat. However, many people are still living there." -rimarketplace #commercialrealestate

Auction Result High Bid $80,000 $2.97 per Square Foot Industrial Warehouse 1015 West Jefferson Street Vandalia, Ilinois 26,947 Square Feet Built 1951 0% Occupancy -rimarketplace #commercialrealestate

Auction Result High Bid $250,000 $2.16 per Square Foot The Phillips Building 300 W 6th Street Borger, Texas 115,680 Square Feet Built 1984 0% Occupancy -rimarketplace #commercialrealestate

1/2 Auction Result Today Dayton, Ohio High Bid $450K $2.81 per Square Foot Courthouse Plaza SW 10 N Ludlow Street Purchased for $1.6M in 2013. Ground lease in place through 2041. 160,000 Square Feet Built 1976 38% Leased -rimarketplace #commercialrealestate

2/2 Auction Result Today Dayton, Ohio High Bid $1M $3.10 per Square Foot Premier Health Tower 110 N Main St Sold for $5.5 million in 2023. 323,000 Square Feet Built 1989 Approximately 35% occupied. -rimarketplace #commercialrealestate

Auction June 8-10 Current Bid $1 Industrial Warehouse 1015 West Jefferson Street Vandalia, Ilinois 26,947 SF Built 1951 0% Occupancy -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $800,000 Colony Square Retail Center Theater Anchored 6917 El Camino Real Atascadero, California Excluding the theater, which is paying below market rent, the property is currently 38% leased. 47,555 Sq Ft Built 2011 -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $2.0M Champaign Park Apartments 2106 White Street West Champaign, Illinois 504 Units Built 1968 29 Buildings 0% Occupancy WCIA June 16, 2025: "A Champaign County apartment complex is condemned… and those living there are trying to figure out their next steps. Champaign city officials said Champaign Park Apartments off Springfield Avenue are unfit for living. Champaign’s Neighborhood Services Director Rob Kowalski said none of the 29 buildings have water services… and many don’t have utilities at all. He said the owner hasn’t been meeting the city’s property code. Other buildings are damaged from fires or don’t have heat. However, many people are still living there." -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $1 2913 S Dort Hwy Flint, Michigan 8,320 SF Freestanding Retail Vacant "FIRST BID MEETS RESERVE!" rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $25,000 The Phillips Building 300 W 6th Street - Borger, Texas 115,680 Square Feet Built 1984 0% Occupancy -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $600,000 Receivership Sale South Beach Apartments 7827 South Shore Drive, Chicago, Illinois 50 Units Built 1891 Occupancy 0% -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $450,000 Servicer Sale 1 Columbia Circle Albany, New York 68,872 Square Feet Built 1991 Vacant -rimarketplace #commercialrealestate

1/3 Dayton, Ohio Auction June 8-10 Starting Bid $250,000 Courthouse Plaza SW 10 N Ludlow Street Purchased for $1.6M in 2013. Ground lease in place through 2041. 160,000 Square Feet Built 1976 38% Leased -rimarketplace #commercialrealestate

2/3 Dayton, Ohio Auction June 8-10 Starting Bid $75,000 33 E Second St. Sold for $500,000 in February 2025 28,000 Square Feet Built 1974 Occupancy 0% -rimarketplace #commercialrealestate

3/3 Dayton, Ohio Auction June 8-10 Starting Bid $1M Premier Health Tower 110 N Main St Sold for $5.5 million in 2023. Sold for $6.19 million in 2011. 323,000 Square Feet Built 1989 Approximately 35% occupied. -rimarketplace #commercialrealestate

Auction June 8-10 Starting Bid $1 Million Ohio Savings Plaza and Park Plaza Cleveland, Ohio The pair purchased for $16.8 million in 2011 by Ohio Savings and Loan. Tenants of the buildings said they were told last September that their leases would not be renewed and that they should vacate so the buildings could be sold this spring. The two buildings have 457,736 square feet of combined space. Built between 1969 and 1972 -rimarketplace / Crain's #commercialrealestate

1/2 Saint Louis, Missouri Auction June 22-24 REO Sale Starting Bid $2.0M Bank of America Plaza 800 Market Street Sold for $47.85M in 2010. Owner defaulted on a $50M CMBS loan. Lender took possession with a $6.3M credit bid. 759,608 Square Feet Built 1982 Occupancy 40.20% -rimarketplace / connectcre #commercialrealestate

2/2 Saint Louis, Missouri UPDATE: Auction June 22-24 Starting Bid $250,000 Receiver Sale 1831 Chestnut Street Sold for $50.3M in 2017 336K Square Feet Built 1947 Occupancy 0% The Offering includes Unit 1, consisting of the lower level, floors 1 through 5 and floors 8-9. Unit 2, which includes floors 6 & 7, is separately owned and not included in the offering. -rimarketplace #commercialrealestate

Auction June 22-24 Receiver Sale Starting Bid $250,000 1831 Chestnut Street Saint Louis, Missouri 336,392 Square Feet Built 1947 Occupancy 0% Downtown St. Louis has seen eight major properties enter receivership in the past 15 months. Two of the building’s floors are separately owned, and that owner is not involved with the auction. Formerly occupied by Anthem Blue Cross and Blue Shield for over 30 years. Reported sold for $50.3 million in 2017. h/t @Dbell314 -rimarketplace / bizjournals #commercialrealestate

Auction May 18-20 Starting Bid $1.0M Non Performing Note $19,758,844.59 315 S. Beverly Drive Beverly Hills, California 68,422 Square Feet Built 1961 57% Occupancy "30-Year Ground Lease Extension Upside: One remaining 30-year extension to 2056 would extend horizon and unlock financing optionality." -rimarketplace #commercialrealestate