714 Michigan Place: Previously a Banquet Center. Zoned C-2 with 8,700 square foot. 7,200 main level, 1,500 upper level and full unfinished basement. The main level includes a kitchen, ball room and office space. Property to sell as is with a starting bid of $70,000. The lot is 112 x 130. Property to be sold at auction as is on April 29 at 12 Noon on site. Terms: 5 (Five) percent of purchase price to be paid into escrow on the day of auction. Cole County Abstract will be the escrow agent. Buyer must be preapproved by their lender and have a pre-approval letter from Bank to present to Auctioneer on day of auction. Buyer must sign a sales contract prepared by legal counsel the day of the auction. Closing will be held on or before 45 days. The cost of the title insurance