background_fid.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business and the Economy

College Campus in Springfield to be Auctioned Off

CBC.jpg
Fine & Company, LLC
/

Interested in buying a college campus?   

The General Counsel of the Assemblies of God has hired a national real estate auction firm to sell the former Central Bible College at Norton and Grant. 

Fine & Company, LLC says the auction will take place in two bidding events, which will allow bidders time to inspect, evaluate and prepare to bid on the property.   Preemptive bids for the entire property will be accepted through March 30.  If the campus isn’t sold in its entirety, bidders will compete for individual parcels, combinations of parcels or the entire property at a May 31 auction.

There are 24 buildings on the former college campus, including four residence halls, a dining hall, library, a chapel, an apartment building, a chapel, a gym and single family homes.  There’s also undeveloped land, two ponds and a baseball field.

In a news release, Fine & Company, LLC suggests possible uses for the site.  It says “a private institution or not for profit may continue to utilize it as a college or retreat, or, subject to zoning approvals, a visionary could redevelop either a portion or all of the property.”

Central Bible College was a private co-ed college founded in 1922, according to Doug Clay, general treasurer with the General Council of the Assemblies of God.  The campus closed in May 2013 when the school was consolidated with Evangel University and Assemblies of God Theological Seminary.