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LAND VALUE <br /> Sale of commercially zoned land in this location is almost <br /> non-existent but the following land sales were felt to be <br /> pertinent in the site valuation process: <br /> SALE5 DATA <br /> SALE 1 <br /> 70o Block S. Franklin (west side) sold by Osgood to <br /> Klo �fenstein o - <br /> n 12 31-8 <br /> � 1 for $15 000. Irre ular sha ed <br /> ► g p <br /> trac:t of a i-oximatel 54 <br /> pp y , 065 S. F. reflecting $. 277 S. F. <br /> 98 ' + frontaqe on S. Franklin with a dep�th varying from <br /> 400 ' to 495' and a maximum width of 120 . Zoned M-1 <br /> Industrial. <br /> SALE 2 <br /> 900 Block S. Main (west side) sold by Janes Estate to <br /> Studebaker ort 5-22-81 for $10, 500. Triangular shaped <br /> tract with 254 ' frontage on S. Main and a depth varying <br /> from 0 ' to 1445.7 ' . Approximately 18,504 5.F. reflecting <br /> $.57 S.F. Zc�ned M-1 Industrial. <br /> SALE 3 <br /> There was a ].977 contract sale of 15, 000 S.F. tract at the <br /> Southeast corner of S. Franklin and E. Sheridan. Deed not <br /> recorded unti.l July of 1984 . Sold by oil company to <br /> Chiropractor who had property nearby at Northeast corner <br /> of S. Frankl�.n and E. Cantrell. Sale price $8, 500 <br /> reflected $1.97 S.F. overall to land area. Extr•acting for <br /> the building improvements and surfacing reflected $1. 31 <br /> S.F. to land. <br /> SALE 4 <br /> 501 S. Frankl.in sold in 2-84 fvr $44,900. Irregular <br /> shaped lot of' 22 800 S.F. zoned Lfght Industrial with 672 <br /> S.F. former �erv�ce station building. Purchased by church <br /> located in 200 block of E. Decatur. Sale price reflected <br /> $1. 97 S.F. ov�erall to land area. Extracting for the <br /> building improvements and surfacing reflected $1. 31 to <br /> land. <br /> 5ALE 5 <br /> 902-904 W. Wood sold 6-84 for $14 , 000. 14, 560 S.F. tract <br /> of land with some older surfacing. Zoned B-2 Commercial. <br /> Sale reflected $.96 5.F. <br />