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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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.