District 220’s White Elephant hits the market for a third time
Barrington School District 220 is trying for a third time to sell its former district office, and the school board approved a resolution at a meeting last month that allows for the sale.
A resolution to initiate the sale of the property, at 310 E. James St., was approved at the July 12 meeting.
“It’s a great location (?) in the village. There is a fair bit of flexibility with that property,” David Bein, SD220 assistant superintendent of business services/chief school business official, told Pioneer Press.
The 12,413-square-foot, single tenant office building is on a 65,037-square-foot or 1.49-acre parcel of land and is described as “conveniently located near downtown Barrington with excellent access to commuter trains.”
The real estate is being sold by sealed bid at a minimum price of $545,000, according to district officials. Bids will be accepted until 11 a.m. on Sept. 6.
“There’s a state law that governs how school districts can sell properties. One of the options is through an auction process, which you can either do as a live auction or sealed bid auction. The nature of this property, we believe, lends itself to a sealed bid auction,” Bein said.
More here.