Lot # : 3 - TRACT 3 -- LARGE APPROX. 80 FT X 115 FT VACANT

Online Only Auction
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High Bid: 2,200.00 USD
23 Bids
Time Remaining: 4d 23h 52m - Sunday 08:02 PM
A
Local Pickup Only
NEWTON, IL 62448
Date(s)
3/29/2025 - 5/26/2025
Auctioneer Information
Catalog

Bidding Notice:

internet only

Information
Lot # 3
Group - Category Real Estate - Commercial
Lead TRACT 3 -- LARGE APPROX. 80 FT X 115 FT VACANT
Description
CORNER LOT.
Name ESTATE OF RONALD LEE HOLT REAL ESTATE ONLINE AUCTION
Auctioneer
Smitty & Bauer LLC
Type Online Only Auction
Date(s) 3/29/2025 - 5/26/2025
Auction Date/Time Info
INTERNET ONLY 3-29 -25 TO 5-26-25 STARATS CLOSING @ 7:00 PM ON 5-26-25
Preview Date/Time OPEN HOUSE DATES SUNDAY 4-27-25 1:00 TO 4 :00 PM & SAT 5-17 1 TO 4:00 PM
Checkout Date/Time BOTH PARTIES WILL MET ON 5-28 TO SIGN PURCHASE AGREEMENTS
Location
403 E REYNOLDS ST
NEWTON, IL 62448
Buyer Premium 1.5% BUYER'S PREMIUM
Description
ESTATE OF RONOLD LEE HOLT REAL ESTATE ONLINE AUCTION, NEWTON IL SELLING 3 TRACTS OF PRIME REAL ESTAE. "TRACT ONE" --OFFERS A 27 FT X 120 FT WAREHOUSE W/ 9 -10 FT X10 FT OVERHEAD DOORS. A 3 FT ROOF OVERHANG OVER THE DOORS, A 5 FT CONCRETE APRON IN FRONT OF DOORS. IT COULD BE DIVIDED UP INTO 12 FT BAYS FOR A GREAT STORAGE UNIT. SITTING ON A LARGE CITY LOT " TRACT" 2 -- OFFERS A 34 FT X 70 FT SHOP THAT MR. HOLT USED FOR HIS WOOD WORKING SHOP. TOTALLY INSULATED, HAS 3 INFRARED TUBE HEATERS, 2 WINDOW AIR CONDITIONERS. WIRED FOR 3 PHASE. HAS A 10 X10 OVERHEAD DOOR & 10 X10 SLIDING DOOR, WALK IN DOOR W/ 7 FT X 36 FT PORCH. OFFICE AREA, 2 10FT X 34 FT OVERHEAD STORAGE LOAFS ON EACH END OF BUILDING. NICE BUILDING SITTING ON LARGE CITY LOT. "TRACT" 3 -- LARGE APPROX. 80 FT X 115 FT VACANT CORNER LOT. GREAT OPPORTUNITY! MUST SEE! 2 OPEN HOUSE DATES 4-27 & 5-17 1 TO 4:00PM . THE FAMILY IS HAVING IT SURVEYED SO NEW OWNERS WILL KNOW WHERE BOUNDRY LINES ARE FOR SURE. REAL ESTAE SOLD BY HANK BAUER SMITTY & BAUER AUCTION FIRM
AUCTION HANDLED BY SMITTY & BAUER LLC. 284 CR 950 E JEWETT IL. 62436 AUCTION FIRM LICENSE NUMBER 444000626. REAL ESTATE SOLD BY HANK BAUER. #440000242 AUCTION TERMS AND CONDITIONS : ONLINE ONLY AUCTION WITH SOFT CLOSING W/ EXTENDED BID STARTS ---- 3-29-2025 AND RUNS TO 5-26-2025 STARTS CLOSING 5-26-25 @ 7:00 PM CST. FEEL FREE TO DRIVE BY ANY TIME AND LOOK THE PROPERTIES OVER OR BY APPOINTMENT CALL 217-259-8219 OPEN HOUSE DATES & TIME : SUNDAY 4-27 &SAT 5-17 1:00 TO 4:00 PM EACH DAY 10 % DOWN DAY OF AUCTION OR TIME SET, NON REFUNDABLE , BALANCE DUE UPON CLOSING. POSSESSION UPON CLOSING. SUBJECT TO ALL EASEMENTS APPARENT OF RECORDSOR IN PLACE. TAXES WILL BE PRORATED TO CLOSING. PROPERTY IS BEING SOLD ON AN "AS IS" "WHERE IS" BASIS WITH NO WARRANTY EITHER EXPRESSED OR IMPLIED IS BEING MADE BY THE SELLER OR THE AUCTION COMPANY. BUYER'S PREMIUM -- A 1.5 % BUYER'S PREMIUM WILL BE ADDED TO THE FINAL BID PRICE. SELL OF PROPERTY IS NOT CONTINGENT UPON FINANCING, SO MAKE SURE FINANCING IS IN PLACE PRIOR TO AUCTION. POSSESSION WILL BE AT CLOSING. CLOSING WILL TAKE PLACE WITHIN 45 DAYS OF AUCTION. SELLERS HAS THE RIGHT TO ACCEPT OR REJECT THE FINAL BID PRICE. HIGH BIDDERS WILL RECIEVE PHONE CALL AT THE CONCLUSION OF THE AUCTION AND IF BID PRICE IS ACCEPTABLE BOTH PARTIES WILL MEET ON A SET TIME FOR BOTH PARTIES TO AGREE, T0 SIGN PURCHASES AGREEMENTS AND PAY THEIR 10% DOWN PAYMENT PLUS THE BUYER'S PREMIUM. THE FAMILY IS HAVING A SURVEY DONE SO NEW OWNERS WILL KNOW WHERE THE BOUNDRY LINES ARE FOR EACH TRACT. ALL 3 LOTS HAS BEEN LINKED TOGETHER TO CLOSE AT THE SAME TIME . SO IF SOMEONE WOULD BID ON ONE OT THE LOTS THEN IT WILL RESET THE TIME ON ALL LOTS TO GIVE EVERYONE A CHANCE.
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 1.5% BUYER'S PREMIUM
Payment Terms
1.5% WILL BE ADDED TO THE FINAL BID PRICE 10% DOWN PAYMENT PAID WITH CASH OR CHECK
NOT APPLIABLE