Investment / Renovation Opportunity Near Town Edge
245 S. 7th St., Nokomis, IL 62075
Bring your vision and finishing touches to this single-story ranch home set on an expansive ±1.73-acre lot. Situated in the quiet Village of Coalton on the edge of Nokomis, this property combines a serene, country-like setting with the ease of municipal utilities.
The seller began renovations but has decided to sell, leaving high-value mechanical and structural updates already completed. The heavy lifting is done—now it's ready for an investor, flipper, or handy homeowner to complete the interior finishes and build immediate equity.
Property Highlights & Recent Capital Improvements
- Lot & Location: Approx. 1.73 acres with mature shade trees, situated near the local ball field and community park.
- Layout: 3 Bedrooms | 1 Bath | Attached 1-Car Garage.
- Roof: Replaced approximately 3 years ago.
- Plumbing: All-new plumbing installed throughout.
- HVAC & Hot Water: New furnace and new hot water heater.
- Utilities: Connected to city water, natural gas, and public sewer.
- Interior Status: Drywall and preliminary framing in place, bath upgraded with new surround and vanity, spacious kitchen area with laundry hookups, awaiting flooring, final trim, and fixtures.
- Property Type: Residential / Single-Family Ranch
- Acreage: Approx. 1.73 Acres
- County: Montgomery County, IL
- Terms: Sold 100% "AS-IS, WHERE-IS" with no buyer contingencies for financing, appraisal, or inspections.
- Earnest Money: Non-refundable earnest money deposit of 5% due from the winning bidder immediately following the close of auction.
- Closing: 45 days following auction close.
- Buyer's Premium: 10%