On Monday, October 7, 2020, the Village of Frankfort set for sale the retail building and associated land located at 1 North White Street, situated in the heart of downtown Frankfort. The Village is seeking $300,000 for the property and will accept contract purchase proposals through 12:00 p.m., noon, on Monday, November 30, 2020. Parties interested in submitting a proposal are directed to review the full text of the resolution
and its exhibits for further instructions and terms of sale. In discussing the process to sell, the Village emphasized its intent to consider both price and proposed use when reviewing and selecting the successful proposal. The resolution states the Village "may give preference to offers from prospective Buyers who are committed to the continued operation of the building on the Parcel for sales tax producing retail or restaurant uses that are consistent with a thriving historic business district."
"The trustees and I look forward to reviewing the proposals for the property. We expect to find an exciting use that will benefit Frankfort's downtown and the residents of Frankfort," commented Mayor Jim Holland.Download the Resolution