If the sale contract on Orchard City's 4,300-square-foot Eckert storage building (a former county road department shop built in 1930) closes as expected on March 4, the town will net about $18 per square foot from the deal.
The sale of another landmark commercial property at Eckert in December indicates that real estate asking prices may have found a market – albeit a value-priced market, in the view of some.
The former Odd Fellows Hall at North Road, a two-story, 4,200-square-foot building dating from 1908 had carried an asking price of $179,000. The County assessor's market value on the structure was set at $168,000.
The Eckert IOOF Hall sold in December, according to county records, to Christopher John Baril for $116,000. That calculates to about $27 per square foot.
For value comparison, real estate buffs would note that the Orchard City structure is an "as is" buy needing substantial repair and upgrade, depending on the intended use, and it has a partial dirt floor.
The IOOF building is fully fit for use or occupancy both upstairs and down. It includes kitchen facilities.
One other landmark Eckert commercial building still on the market is the Eckert Motors facility. At 7,830 square feet of ready-use shop and office space with attached living quarters, its asking price brings it in at about $37 per square foot.blog comments powered by Disqus