Lot # : 1 - Commercial Building with over 3048 sq ft / lot

Online Only Auction
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Fairfield, IL 62837
Date(s)
4/9/2024 - 4/25/2024
AUCTIONEER INFORMATION
Catalog
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Bidding Notice:

Online Only Ending Thursday April 25th starting at 6 PM with soft close and extened a bid

Auction Notice:

High bidder will receive phone call Thursday evening. If bid accepted will meet Friday April 26Sign Contract and pay 15% down

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Commercial Building with over 3048 sq ft / lot
Description
Real Estate consist of: Commercial Building with over 3048 sq ft also has fenced lot. Corner of W Summit & NW 5th Street. Single story block built building- concrete floor. Has office / Living Area in building. Restrooms- 1 Full / 1 ½ Bath. Overhead Heat / Window Air Units. Main Building is 60x48 with a 6 x 28 Addition on South Side. 21-50-039-008 / 21-50-039-009 Taxes are $261.16 / 175.16
Name Online Real Estate Auction
Auctioneer
Dagg's Auction Company
Type Online-Only Auction
Date(s) 4/9/2024 - 4/25/2024
Auction Date/Time Info
Internet only Bidding End April 25 6pm
Preview Date/Time Bidding opens April 10 soft close will start on April 25 6pm
Checkout Date/Time April 26th Friday
Location
500 / 502 West Summit
Fairfield, IL 62837
Buyer Premium 3% Will be added to Final Bid Price
Description
Real Estate consist of: Commercial Building with over 3048 sq ft also has fenced lot. Corner of W Summit & NW 5th Street. Single story block built building- concrete floor. Has office / Living Area in building. Restrooms- 1 Full / 1 ½ Bath. Overhead Heat / Window Air Units. Main Building is 60x48 with a 6 x 28 Addition on South Side. 21-50-039-008 / 21-50-039-009 Taxes are $261.16 / 175.16 Legal Description: Lot #36 Except 4 feet of even width off the South Side and Lot #37 Except fifteen Feet even width off the West side and except Four Feet of even width of the South side of said Lot #37 all in Rinards First Addition to the Town now City of Fairfield, IL Terms 15% Down Day of Auction- Balance in 30 Days. Pro Rated; For information or showings, please contact Auction Co. The Seller(s) reserves the right to accept or reject any and all bids on real estate.
TERMS: 15% down day of auction, non refundable, balance due @ closing. Possession upon closing. Subject to all easements apparent of record or in place. TAXES: Taxes will be prorated to date of closing.. ACCEPTANCE OF BID PRICES: Sellers have the right to accept or reject the final bid price. PROPERTY is being sold on an “AS IS, WHERE IS” basis & no warranty either expressed or implied is being made by the Sellers or the Auction Company. DUE DILIGENCE: . BUYER’S PREMIUM: A 3%Buyer’s Premium will be added to the final bid price. FINANCING: Sale of property is not contingent upon financing, so make sure your financing is in place prior to auction. POSSESSION: Possession will be at closing. CLOSING: Closing will take place within 30 days of auction.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 24.00 1.00 USD
24.01 - 95.00 2.50 USD
95.01 - 490.00 10.00 USD
490.01 - 1,500.00 25.00 USD
1,500.01 - 5,000.00 50.00 USD
5,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 3% Will be added to Final Bid Price
Payment Terms
15% Non Refundable Earnest Money Balance in 30 days
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