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SALF 6 <br /> West side of N. 21st between Garfield and Olive sold on <br />, 7-1-81 on a contract for deed basis for 58 000. 133 . ' <br />, $ 9 x <br /> � <br /> ► <br /> 634 . 5 or 84, 959 S.F. Zoned M-1 Industrial. 11 700 <br /> $ � <br /> downpour with balance payable $515. 31 per month at 12� <br /> with 20 year term. Sale reflected $. 688 S.F. unadjusted <br /> for contract sale. <br /> SALE 7 <br /> 1900 N. 22nd sold at public auction 5-20-82 to <br /> Craftmasters. L shaped tract of 2 . 67 acres frontinc� on <br /> N. 22nd, E. Garfield, E. Logan and N. 23rd. No physical <br /> access onto N. 22nd because of subway. Fenced and <br /> im�roved with several buildings including 2 brick <br /> buildinc�s of 6,960 S.F. total area. Sale price $90, 000. <br /> Estimating building and land improvements at $35, 000 <br /> leaves $55, 000 to land which reflects $.472 S.F. Zoned M-2 <br /> Heavy Industrial. <br /> SALE #8 <br /> 1200 Block N. 19th Street reported sold for $20, 000 in <br /> May, 1987 and is a vacant 100' x 124 ' B-1 zoned parcel of <br /> land just West of N. 22nd Street. This reflects an <br /> overall land square foot value of $. 83 . <br /> SALE 9 <br /> 240 5. Franklin is an improved property that sold for <br /> $37, 000 in February, 1987 and includes a 45 year old <br /> concrete block 1 story 1, 733 S.F. old garage bu�lding on a <br /> 37 ' x 90' M-1 zoned corner lot onl 1 block West of � <br /> subject parcels. If an estfmated �30, 000 is att�ributed to <br /> the improvements this leaves a land residual value <br /> reflecting $2 . 11 per S.F. Even though this parcel is close <br /> to our properties it must be remembered this is a much <br /> smaller land area on a busy arterfal street which serves <br /> as the City Route for U.S. Highway #51. <br /> After reviewing all the available similar land sales, <br /> using some that are older than desired due to a scarcity <br /> of recent land sales in this area, and giving <br /> consideration tv the current market demand, sizP and <br /> location of the parcel it is my opinion that the current <br /> estimated Market Value for the entire land area of both <br /> parcels if $. 60 per 5.F. or $15, 600 (rounded) . <br />