Lot # : 1 - Wayne City, Illinois Grain Elevator Facility

Online Only Auction
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Price Realized:
205,000.00 USD
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Wayne City, IL 62895
Date(s)
11/13/2021 - 12/15/2021
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

This is an online auction only. Bidding ends on Wednesday, December 15, 2021 at 1 PM (CST). There will be no live/ in-person bidding. There will be a 3% Buyer's Premium. An absentee bid can be arranged by calling Barkley Barnard at (618) 599-6070 (must be 48 hours prior to auction ending).

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Wayne City, Illinois Grain Elevator Facility
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. Real Estate Taxes: 7 Tracts of Real Estate - Approx Wayne County Property Tax Statement $102,449.90 for 2020 Taxes Seller is paying 2021 taxes payable in 2022. Previous Norfolk Southern Railroad - Annual Land Lease of 1.5 Acres -Dated June 1, 2021 - $4312.28 Previous Norfolk Southern Railroad - Lease of 1,200 ft track -Dated January 5, 2021 - $12,769.74. New negotiated Annual Land Lease & Track Lease must be approved by Railroad. 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 for Norfolk Southern Railroad, which is a condition precedent to the sale of the real estate. Escrow monies will be refunded to new Buyer(s), if conditions precedent are not true. Site: 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.
Name WAYNE CITY, IL - GRAIN ELEVATOR FACILITY AUCTION
Auctioneer
Barnard Auctions
Type Online-Only Auction
Date(s) 11/13/2021 - 12/15/2021
Auction Date/Time Info
This is an online auction only. Bidding ends on Wednesday, December 15, 2021 at 1 PM (CST). There will be no live/ in-person bidding. There will be a 3% Buyer's Premium. A absentee bid can be arranged by calling Barkley Barnard at (618) 599-6070 (48 hours prior to auction ending).
Preview Date/Time Inspection is by appointment only. Contact Barnard Auctions to set up an appointment . Call (618) 842-7850.
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.
Location
E. Washington Street
Wayne City, IL 62895
Buyer Premium 3% Buyers Premium
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.
Auction Terms & Conditions: Bidder registration required. Registrant for Online bidding will be the responsible party. Everything sold AS-IS, Where-Is, with no warranty or guarantee expressed or implied. Announcements made date of auction take precedence over all previous advertisements. BUYER'S PREMIUM: A 3% buyer's premium will be added to the purchase. Example: If you bid $100,000.00, you will be charged $103,000.00 in the purchase contract. AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. Seller, Kissner LLC., offers this grain facility handling site at online auction with no reservation of selling price. The sale of property is subject to approval of the railroad. Each potential bidder is responsible for conducting his or her own independent inspections, inquiries, and due diligence concerning the property. This property sells without contingencies. This sale is not contingent on the buyer's ability to obtain financing. Any inspections needed by the buyer must be made before the auction at the buyer's expense. Sale of the property is subject to any and all easements of record. POSSESSION AT CLOSING. REAL ESTATE TAXES: 2021 Real Estate taxes shall be paid for by the Seller. Seller at closing will convey good and marketable title. Buyer and Seller will be responsible for customary closing costs issued by the title company. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Barnard Auctions reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Barnard Auctions shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications will be sent to registered bidders with updated information as deemed necessary by Barnard Auctions. The auctioneer reserves the right to add or remove items from the auction. The auctioneer reserves the right to cancel, suspend, extend or reschedule an individual item and or auction event or make changes to the auction closing times or inspection or removal times. Seller, Kissner, LLC., offering this grain elevator handling site at online auction with no reservation of selling price. Property will be sold AS-IS, WHERE-IS with all faults, imperfections, attributes & error of description. All information is presented in good faith but the auctioneer or seller does not warrant or present that the information provided is complete or accurate. All inspections, due diligence and determinations are the sole responsibility of the buyer. The property sells with no buyer contingencies. There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspection). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash AS-IS, WHERE-IS, with a closing deadline. 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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium 3% Buyers Premium
Payment Terms
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% (twenty percent) 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. 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 for Norfolk Southern Railroad, which is a condition precedent to the sale of the real estate. Escrow monies will be refunded to new Buyer(s), if conditions precedent are not true.
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. 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 for Norfolk Southern Railroad, which is a condition precedent to the sale of the real estate. Escrow monies will be refunded to new Buyer(s), if conditions precedent are not true.