2 Commercial Buildings - Chatham, IL - Online Only

Cory Craig, Auctioneer

 

Date(s) 2/21/2019 - 3/21/2019

STARTS: Thursday, Feb. 21 @ 7:00 P.M. ENDS: Thursday, March 21 @ 7:00 P.M. ***OPEN HOUSE: 1:00-2:00 P.M. Friday, March 8 & Monday, March 18

Past Auction
Online-Only Auction
Bidding Notice:

TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Monday, April 22, 2019.Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Land Title of Springfield,IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up ... Show More

Auction Notice:

TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Monday, April 22, 2019.Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Land Title of Springfield,IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up ... Show More

Auction Information
Name 2 Commercial Buildings - Chatham, IL - Online Only
Auctioneer
Type Online-Only Auction
Date(s) 2/21/2019 - 3/21/2019
Auction Date/Time Info
STARTS: Thursday, Feb. 21 @ 7:00 P.M. ENDS: Thursday, March 21 @ 7:00 P.M. ***OPEN HOUSE: 1:00-2:00 P.M. Friday, March 8 & Monday, March 18
Preview Date/Time STARTS: Thursday, Feb. 21 @ 7:00 P.M. ENDS: Thursday, March 21 @ 7:00 P.M. ***OPEN HOUSE: 1:00-2:00 P.M. Friday, March 8 & Monday, March 18
Checkout Date/Time STARTS: Thursday, Feb. 21 @ 7:00 P.M. ENDS: Thursday, March 21 @ 7:00 P.M. ***OPEN HOUSE: 1:00-2:00 P.M. Friday, March 8 & Monday, March 18
Location
Buyer Premium 3% Buyer's Premium
Description
COMMERCIAL REAL ESTATE AUCTION “ONLINE BIDDING ONLY” 231 & 251 E. Walnut St. Chatham, IL ATTENTION INVESTORS! INCOME PROPERTY! STARTS: Thursday, Feb. 21 @ 7:00 P.M. ENDS: Thursday, March 21 @ 7:00 P.M. ***OPEN HOUSE: 1:00-2:00 P.M. Friday, March 8 & Monday, March 18 •Approximately 20,000 sq ft of warehouse and office space •South Building: Pole Framed, Steel Siding, Concrete Floor, 9,659 sq ft, Approximately 2,700 sq ft of office space, 10’x37’ storage above office area, office area has its own gas furnace and central air, (2) Restrooms, warehouse space w/ (3) overhead doors, warehouse has 500,000 BTU Radiant Hearing Unit Suspended from the ceiling, (2) exhaust systems, special built drainage system and holding tanks built into the floor. This building is partially rented to Greco Graphics, there is currently warehouse space available for rent. •North Building: Pole Framed, Steel Siding, Concrete Floor, 10,288 sq ft. 8,208 sq ft of warehouse with hanging furnaces, Radiant Heat and (3) overhead doors. 2,080 sq ft of office/show room space, (3) Restrooms, (2) Gas Furnaces and (2) Central Air Conditioners. Currently 9,168 sq ft of this building is rented to Cross Fit XLT. There is 1,120 sq ft of finished office space available for rent. TAXES: $11,424.58 PIN: 29-07.0-176-072 TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Monday, April 22, 2019.Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Land Title of Springfield,IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Estate reserves right to accept or reject any or all bids.Have all financial arrangements and inspections made prior to bidding. A three (3)percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Real Estate will be sold as (1) Tract. Great Income Property! High Traffic! Good Exposure! Long time renters! -Cory
TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Monday, April 22, 2019.Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Land Title of Springfield,IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Estate reserves right to accept or reject any or all bids.Have all financial arrangements and inspections made prior to bidding. A three (3)percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Real Estate will be sold as (1) Tract. Great Income Property! High Traffic! Good Exposure! Long time renters! -Cory
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 3% Buyer's Premium
Payment Terms
TERMS & CONDITIONS: 10% down at close of auction. Balance due and possession at closing on or before Monday, April 22, 2019.Buyer(s) will be required to enter into a written contract at the close of the auction. Prairie Land Title of Springfield,IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Estate reserves right to accept or reject any or all bids.Have all financial arrangements and inspections made prior to bidding. A three (3)percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Real Estate will be sold as (1) Tract. Great Income Property! High Traffic! Good Exposure! Long time renters! -Cory
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.