| Checkout Date/Time |
Winning Bidder required to enter into a written purchase contract the day of online bidding closing or by next business day, as directed by the Seller's Attorney - Fairfield, IL. 62837. A 20% down payment to be placed in escrow (without interest) with the balance due on or before 45 days from auction date. A 3% buyer's premium will be added to the bid price to establish a total contract price, plus applicable closing costs. Cash, check or approved payment for the down payment amount is to be placed in escrow upon signing of the written contact to purchase said real estate. The earnest money shall be held by Sellers' Attorney, Fairfield, Illinois. |
| Description |
ONLINE ONLY - GRAIN HANDLING FACILITY - BUSINESS OPPORTUNITY
APPROX. 2.4 +/- MILLION BUSHEL STORAGE CAPACITY
WAYNE COUNTY-SOUTHEAST ILLINOIS
WAYNE CITY, ILLINOIS 62895
This is a rare opportunity to purchase a significant grain handling facility at public auction online event. The property features approx. 2,430,000. +/- bushels storage capacity - approx. ½ storage in vertical poured concrete silo construction, and ½ capacity in 4 steel tanks.
1000 bu. pit, and 750 bu. pit capacity truck dumps. Redex and Meyers natural gas continuous flow grain dryers. Approx. 1200 feet of railroad siding access. Concrete 60 ft. deck truck scales. Scale house with 2 story office complex - approx. 3285 sq. ft. on main floor, upstairs office areas, 2 kitchen galleys, and 3 bathrooms. Other building improvements include 20' x 24' employee wash house, 24' x 30' sm. storage building and a 36' x 60' maintenance shop building with concrete floor, and 2 overhead doors.
Facility was last used under lease August of 2021, and had significant updates, maintenance, and repairs thru that time period. Facility is no longer under lease, and is available for new ownership.
Seller, Kissner LLC., offers this grain elevator handling site at online auction with no reservation of selling price. Elevator site is located partly on real estate owned by Seller, and partly on adjacent railroad right of way owned by Norfolk-Southern, a railroad company, which has leased right of way to Seller. Norfolk Southern has separately leased to Seller 1200 ft of railroad track for Seller's use in operation of the grain elevator facility. The leases provide that Norfolk Southern must approve assignment of said leases by Seller to the Buyer so as to be effective, which is a condition precedent to the sale.
Winning bidder will be required to submit applications and fees to Norfolk Southern Railroad for approval to lease said 1.5 acres of adjacent railroad right of way plus an additional lease of 1200 feet of railroad track within the right of way from Norfolk Southern Railroad, which is a condition precedent to the sale of the real estate. New negotiated Annual Land Lease & Track Lease must be approved by railroad. Escrow monies will be refunded to new Buyer(s), if conditions precedent are not true.
Site: E. Washington Street, Wayne City, Il., 62895- Approx. 8 miles North of Interstate 64, Exit 100. Approx. 100 Miles East of St. Louis, Missouri, 165 Miles West of Louisville, KY and 210 Miles NW of Nashville, TN. At intersection of IL St. Rt. 15 and IL Rt. 242.
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