Former Busey Branch – Gibson City

SaleOffice 17,007 SF
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402 N Sangamon Ave
Gibson City, IL 60936
Price: $479,000 (Previously $499,000)
Building Size: 17,007 SF
Lot Size (sqft): 21,954 SF
Lot Size (acre): .58 AC
Parking: 30 Spaces
Zoning: B1
Tax PIN: 09-11-11-205-007, 014
Year Built: 1977

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for sale this freestanding Office building located in Gibson City, Illinois. The building was constructed in 1977 and consists of 17,007 SF on .0504 Acres spread over two lots. The first floor (approx. 5,669 SF) is currently built out as a bank, however features a fairly open layout consisting of 6 private offices, 1 conference room, teller area, lobby, restrooms, and vault. The second floor (approx. 5,669 SF) has primarily been used for storage for the past several years, however has high ceilings and large full plate glass windows. This space features approx. 11 offices around the perimeter, 2 executive offices (23’ x 12’), conference room (27’ x 16’), open work areas, kitchenette, and restrooms. The mostly finished basement consists of Executive Board Room (32’ x 32’), 2 offices, kitchenette, restroom/lounge, sever room, mechanical rooms, and an additional vault. The entire building has a newer roof, fob access, Boiler/Chiller system, and 300 AMP 3 –Phase power. The sale will require a deed restriction against financial instructions & financial services for a period of 5 years surviving the sale.

Area Description

Gibson City IL is located at the intersection of Routes 54, 47, and 9 in west Ford County. Gibson City currently has total population of around 3,400 residents. The property is located just north of the downtown area on the NE corner of North Sangamon & E. 11th St.