Monday, February 25, 2019 beginning at 10:00 A.M.
Online Only Auction
Open House: Saturday, February 9th from 10:00 – 11:00 A.M.
Bidding will begin on Friday, February 15, 2019
Bidding will end on Monday, February 25, 2019 at 10:00 A.M. C.S.T. with a “soft close”.
LOCATION & GENERAL INFORMATION
Unreserved online only commercial real estate auction. This will be a timed online auction with a “soft close”.
Real estate consists of a well-built and maintained commercial building, which is located at 205 Pine Street, Dallas City, Illinois 62330 (Directly behind the Circle K convenience store.) This is a great location and the building is highly visible from Highway 96/Route 9.
The building is a single story with 1,400 sq. ft. (28′ x 50′). Other features include a high efficiency gas furnace with central AC, full basement, front & back wheel chair accessible exterior doors, several partitioned offices along with bathroom and reception area. The building had a new metal roof installed in 2017.
This real estate will positively sell to the highest bidder, regardless of price. Make plans to take a look at this property that has unlimited possibilities.
METHOD & TERMS
The property will sell for a lump sum, total dollar amount and bidding will be online only. Online bidders must register with their full legal name, address, email address, daytime/evening phone number and provide a current Letter of Credit addressed to Sullivan Auctioneers, LLC. There will be no internet bidding fee. The buyer will settle for the “hammer price”. Bidding will begin on Friday, February 15, 2019 and will end on Monday, February 25, 2019 at 10:00 A.M. C.S.T. with a “soft close”. Immediately following the conclusion of the online auction, the successful buyer will be emailed the purchase agreement, which must be returned via email or fax. A non refundable deposit equal to 10% of the total bid price will be required at the conclusion of the auction with the balance being due at closing, which will be scheduled in approximately 30 days, on or before Monday, March 25, 2019. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller, without proration. The 2019 real estate taxes will be prorated to the date of closing. All subsequent years will be paid by the new buyer. Full possession will be given at the time of closing. The property is currently vacant.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Dallas City Civic Association – Seller
Stanley Vorhies – President
Representing Law Firm:
Capps, Ancelet, Icenogle & Wallace
55 South Adams Street
P.O. Box 250
Carthage, IL 62321