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District outlines plan to list vacant school properties; local broker notes reuse hurdles
Summary
The board discussed listing vacant district properties with Century 21; broker Mike Marquette described market interest, zoning constraints, soil issues and likely buyer profiles.
School District of Beloit leaders discussed listing several vacant district properties for sale at a May 20 Business Operations & Finance Committee meeting and in the full board session, inviting Century 21 broker Mike Marquette to describe the sales process and market interest.
Marquette told trustees his firm had responded to the district’s RFP, that there was already market interest and that typical buyers for decommissioned school property in the region include churches, private schools and locally based developers. He…
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