The location is currently located at Sandburg Mall in Galesburg.
The store has 46 employees, but those losing their jobs will be eligible to receive severance according to the release.
Sears will begin its liquidation on February 21st because the lease with Sandburg Mall was not renewed.
The company has continued to cut costs company wide as part of plans to adjust its asset base and change its business model.
A majority of the associates at the Sears location are part-time. Sears holdings also owns K-Mart – which is also located in Sandburg Mall.