Mahomet - Seymour School District Sells Sangamon School Building

November 13, 2017

The Mahomet-Seymour School Board has agreed to sell Sangamon Elementary School, but for far less than the board was hoping.

The school district has been trying to auction off Sangamon Elementary School for a year. Appraisers valued the property at $2.2 million. The district asked bidders to start at $1.8 million.

No one would pay that price and the district slowly lowered the starting bid until 1000 Churchilll LLC, agreed to pay $750,000 for the property.

Superintendent Lindsey Hall says the district is satisfied with the sale price. "Where any piece of property is appraised is not necessarily where it sells. That’s true for all different kinds of properties. So appraisal and selling price not the same here as well," Hall said.

Hall added that the Sangamon building is aging and selling it fits into the school district's long-term building plans. "For us the best option is closing Sangamon, combining first and second grade with kindergarten and pre-K over at Middletown Prairie Elementary, and having a new state of the art building," she explained.

The Mahomet-Seymour School District is building a new building for the Sangamon students on the southeast side of town, which will open next fall.

1000 Churchilll L-L-C, will keep and reuse the school building for its new project. 

Story source: WILL