A sale is pending on a vacant lot owned by the St. Joseph School District.

The district made the announcement Friday that a sale is pending on a lot located on Arrowhead Drive. The St. Joseph Board of Education identified this vacant land as surplus property on the Board of Education Priority Checklist, #13 (CLICK HERE to view the list).  The item on the list was for the board to review all district owned real estate and focus on undeveloped properties for potential liquidation.

The sale on the lot is expected to close December 21, 2015.

The District said the local real estate developer with the contract on the property would like to remain anonymous until the sale closes.
Frank Leone with Berkshire Hathaway Home Services Stein & Summers Real Estate handled the listing of the property and placed it on the market on October 13, 2015 for $114,000. The appraised value of the property was $106,508.