• Lot Number: 022222
  • Address: 600 Norman Street, Utica, IL, USA
  • Type of Offering: Sealed Bid Auction of two 99-year site lease tower easements
  • Carriers and Leases: SBA and Vertical Bridge
  • Auction Structure: With Reserve
  • Bidding to Commence At: N/A
  • Earnest Money: N/A
  • Buyer Premium: N/A

For auction related issues, please contact:

600 Norman Street, Utica, IL, USA

Auction Details

Lot Number: #022222

Bidding to Commence At: N/A

Auction Date: February 22, 2022

Auction Time: 2:00 pm CST

CLOSED:  Cell At Auction, LLC is pleased to offer the opportunity to acquire two 99-year site lease easements in Utica, IL.   The SBA site lease was entered into in April, 2005 with Nextel West Corp.   The initial term was for 5 years with 5 (five) year renewal terms.   The initial rent was $1,400/month with 3% annual increases.   The current monthly rent is $2,246.57 and the current tenants are T-Mobile and Verizon.   The Vertical Bridge lease was originally entered into with Illinois Valley Cellular in 2006.   The initial rent was $1,000 monthly with 3% annual increases for a term of five years.   There are 4 (five) year renewal terms.   The current monthly rent is $1,525.64 and the current tenant is Illinois Valley Cellular.   There are no ROFR’S on either site.   Offers should be submitted in the form of an executable Letter of Intent and request that offers include marketing rights for a city owned water tower located at Exit 81-IL-178; Utica-Interstate I-80 Eastbound in Illinois and a revenue share opportunity for the site easements and water tower on an 80-20 basis (80% to Utica).  The water tower address is 823 E. US Hwy 6, Utica, IIL 61373.   The next rent increase for Vertical Bridge will be in August, 2022 and for SBA in July 2022.  Offers may be presented as the purchase of each site lease individually or collectively.  Utica, IL is a village in LaSalle County, IL  The current combined annual revenue is $45,266.52


  • Instructions
  • Bidder Packet

Thank you for your interest regarding this cell tower/antenna. If you are interested in bidding on this asset and require more information, click on the tab labeled “Bidder Packet”. If you have questions regarding the due diligence either call Bud Blinick at 847-977-2314 or email Bud at budb@cellatauction.com.