Bowen, IL Commercial Real Estate Auction – Sill

Monday, September 12, 2022 - 1:00 pm Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

SOLD!

$85,000 LUMP SUM

Location

Bowen, Illinois

Physical Address: 305 East 5th Street, Bowen, Illinois

East of the 4-way stop on Highway 61

Seller

Lewis “Lew” E. Sill Estate

Teri Sill – Seller

Managed By

Dan Sullivan (319) 795-1833

Cody Holst (217) 242-8747

Inspection

Wednesday, September 7th • 3:00 PM – 5:00 PM

Or by appointment.

Location & General Information

This prime parcel of commercial real estate is ideally located along Highway 61 (high traffic area) in Bowen, Illinois. Improvements include an approximately 60’ x 50’ metal building (includes a large canopy along the entire front), (2) large open bay areas with an overhead A-frame, wash area with sink, (2) bathrooms, overhead doors on the back side and walk through doors on the front. Also improved with an older storage shed. This property has endless possibilities!

Lot size: 150’ x 200’. Parcel ID numbers 24-23-000-499 & 24-23-302-042

Please Note: Also selling Jeep parts, shop tools, garage support items, etc.

Illiois EPA Information

The Sill property was the location of a historic petroleum release from underground storage tank(s). The underground storage tanks were removed on April 13, 2000, and notification of a release was made to the Illinois Emergency Management Agency (Incident No. 00-0661). Information regarding environmental activities at the property can be obtained by contacting the Illinois Environmental Protection Agency (Illinois EPA), Leaking Underground Storage Tank Section, 1021 North Grand Avenue East, Springfield, IL 62794-9276 (217.557.8764), and referencing LUST Incident No. 00-0661 or LPC #0670205004 – Hancock County.  Future access to the property may be needed for Illinois EPA approved corrective action activities.

 

Method & Terms

The Sill property will be sold for a lump sum total dollar amount. 

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before October 12, 2022. The seller will provide title insurance in the full amount of the purchase price. The 2022 real estate taxes, due and payable in 2023, will be prorated to the day of closing.  Possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

Photos

Lewis "Lew" E. Sill Estate

Teri Sill - Seller

 

Representing Attorney:

Dennis Woodworth

Blickhan, Timmerwilke & Woodworth

226 N. 6th St., Quincy, IL 62301

(217) 221-4200

 

Auction Managers:

Dan Sullivan (319) 795-1833

Cody Holst (217) 242-8747