Lot Number: 1
Real Estate Auction
135,000 sq. ft. industrial/commercial fenced-in complex on 24.97 acres
324 N. Main Street, Kewanee, IL
(Just off of I-80 between Chicago and Davenport, Iowa, and nearby Peoria, Galesburg, and the Quad Cities)
The property is in a high-traffic area with many nearby commercial and residential properties. One-story brick and steel frame building with many sections built between 1919 and 1984. Ceiling heights over 25ft. in parts of the building and numerous overhead doors. Currently used for RV, boat, vehicle and miscellaneous storage. Current income approx. $150,000 annually from some full-time, and some seasonal tenants, approx. $12,000 annual taxes. Substantial upside potential as much of the property is underutilized.
Previously Valued Well Over $2,000,000
Suggested Opening Bid $750,000
On-site inspections are from noon to 2pm on July 14, July 23, July 29 and August 5, 2025.
Auction Deadline: August 12, 2025
Real Estate Auction
135,000 sq. ft. industrial/commercial fenced-in complex on 24.97 acres
324 N. Main Street, Kewanee, IL
(Just off of I-80 between Chicago and Davenport, Iowa, and nearby Peoria, Galesburg, and the Quad Cities)
The property is in a high-traffic area with many nearby commercial and residential properties. One-story brick and steel frame building with many sections built between 1919 and 1984. Ceiling heights over 25ft. in parts of the building and numerous overhead doors. Currently used for RV, boat, vehicle and miscellaneous storage. Current income approx. $150,000 annually from some full-time, and some seasonal tenants, approx. $12,000 annual taxes. Substantial upside potential as much of the property is underutilized.
Previously Valued Well Over $2,000,000
Suggested Opening Bid $750,000
On-site inspections are from noon to 2pm on July 14, July 23, July 29 and August 5, 2025.
Auction Deadline: August 12, 2025
Real Estate Auction
135,000 sq. ft. industrial/commercial fenced-in complex on 24.97 acres
324 N. Main Street, Kewanee, IL
(Just off of I-80 between Chicago and Davenport, Iowa, and nearby Peoria, Galesburg, and the Quad Cities)
The property is in a high-traffic area with many nearby commercial and residential properties. One-story brick and steel frame building with many sections built between 1919 and 1984. Ceiling heights over 25ft. in parts of the building and numerous overhead doors. Currently used for RV, boat, vehicle and miscellaneous storage. Current income approx. $150,000 annually from some full-time, and some seasonal tenants, approx. $12,000 annual taxes. Substantial upside potential as much of the property is underutilized.
Previously Valued Well Over $2,000,000
Suggested Opening Bid $750,000
On-site inspections are from noon to 2pm on July 14, July 23, July 29 and August 5, 2025.
Auction Deadline: August 12, 2025
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