Columbia College sells 9 properties near downtown for around $2 million

COLUMBIA MO. (KMIZ)

Columbia College officially auctioned off nine properties on Wednesday afternoon.

The Atterberry Auction & Realty Group was tasked with the auction and said that in total nine properties, 21 units, a vacant lot and a building near Columbia College and downtown were auctioned.

The auction opened on June 11, and potential buyers were able to submit bids through the realty group's website. The bidding then closed on Wednesday afternoon.

In total, Columbia College made around $2 million from the sale.

Eight of the properties listed are located near the Lyons Street and North Eighth Street intersection.

Neeley Current has lived on Lyons Street for 20 years and said she has seen a lot of change on the street over time, and the sale is just another one.

“I have seen a lot of change over the period of time from single housing units shifting to apartment complexes, and I feel a lot of uncertainty that it will turn into one apartment complex, and it will be turned into large apartment buildings," she said.

Current added she is concerned about private equity firms coming in and shifting her neighborhood from single-home housing to larger apartments.

“I hope they don't just drastically shift our neighborhood from primmarley low income single housing to larger apartments," she said.

As for what comes next, Atterberry Auction and Realty said that we will have to wait around 30 days for the properties to officially close. Due to the transactions still pending, they said they are not able to disclose who bought the properties or what they believe the properties might be used for.

They add the names of the buyers will be part of a public record as soon as the deal is finalized.

Looking at the numbers, the property that sold for the most was the former Columbia College Student Support Services building.