Online Only Auction
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Time Remaining: Bidding opens in 3d 14h 34m
Soft Close
Shipping Not Available
Date(s)
5/3/2024 - 5/8/2024
AUCTIONEER INFORMATION
Bidding Notice:

ONLINE ONLY! We encourage you to post your personal maximum bid and allow the system to bid on your behalf. This property begins closing at 6pm CST on May 8,2024 If anyone bids within 2 minutes of posted closing time, the biddding on that lot will extend by 5 minutes. In case of a tie bid, precedence is given to the earlier bid. Hibid tracks the times. Hibid's time keeping will govern. ... Show More

Auction Notice:

Property is being sold in"As Is" condition. No contingencies of any kind. Make your financial arrangements prior to the auction. You are encouraged to view the property to conduct your own inspection. $10,000.00 Non Refundable earnest money required with sign purchace agreement (within 24 hours following the sale) 5% buyers premium will be added to the final bid price to equal the total purchase ... Show More


Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead COMMERCIAL BUILDING
Description
BUILDING IS APPROX 60'X120'X16', LOT SIZE COMBINED IS APPROX 120'X250'( NO SURVEY) OVERHEAD DOOR IS 14'H 16'W NOTE: WATER SEEPS / LEAKS IN AROUND FOUNDATION WALLS. THIS PROPERTY IS IN A GREAT LOCATION IN SCALES MOUND IL. MOST RECENTLY IT WAS USED AS AN AUTOMOTIVE REPAIR SHOP WITH OFFICE SPACE UPSTAIRS. LOWER LEVEL IS A LARGE OPEN SPACE W/ BATHROOM. UPPER LEVEL OFFICE SPACE HAS A BATH W/ SHOWER AND KITCHEN / LAUNDRY AREA. THIS PROPERTY HAS A TON OF POTENTIAL.
Name Vance Koehler / Lyndsay Koehler Plath
Auctioneer
Type Online-Only Auction
Date(s) 5/3/2024 - 5/8/2024
Auction Date/Time Info
Bidding begins Fri. May 3 at 6am Soft close Wed. May 8 at 6pm
Preview Date/Time Sat. April 27th 1pm-3pm Thurs May 2nd 5pm-7pm
Checkout Date/Time N/A
Location
Buyer Premium 5% Buyer's Premium
Description
Commercial Real Estate, Building approx. 60x120x16, lot sizes combined approx. 120x250 (no survey) Lg. Shop Open Area, Office Space & 2 Bathrooms
Payments for online auctions are Visa, MC, Discover and Am. Express. 5% buyers premium will be charged on all purchases. If for any reason payment is unable to processed with this card your account could be suspended. To reinstate your account, full payment for your outstanding invoice, a $20.00 service charge and any other applicable charges and fees must be paid. 1. You must be registered in order to bid. 2. All items are sold "AS-IS- WHERE-IS" with no guarantees of any kind. (All sales are final and no returns are allowed for any reasons) 3. All Invoices must be paid in full, before any merchandise is removed from property. 4. Dieken Auction will not be held responsible for any inconsistencies in description announced or printed, therefore buyers are responsible for inspecting all items and deciding for themselves if the item they have seen is what they want to buy. 5. According to Federal Uniform commercial code (UCC2-238) At the closing of each auction item there is a legal binding contract for the purchase of the item and the buyer shall be responsible for safe guarding their purchased items from the public such as during pick-up time. Dieken Auction recommends being on site as quickly as possible. 6. Buyers are responsible for the moving, packing, boxing and loading of all items purchased. This means providing your own truck, packing material, boxes, bags,tools and labor/help to load your own vehicle. Dieken Auction cannot provide or insure assistance for loading of your items. 7. Dieken Auction staff reserve the right to bid on and purchase merchandise. 8. All items must be picked up at the specific times stated per the terms and conditions. Unless you have made specific arrangements with Dieken Auction prior to conclusion of auction, there will be a $20.00 per day, per lot charge on any items not picked up in the allotted time. These fees will be charged to your credit card on file everyday for 7 calendar days and after 7 calendar days, your forfeited items become the property of Dieken Auction Service and may be sold again at a future auction or discarded based on Dieken Auction discretion. Dieken Auction will retain 100% of the sold price along with the 15% buyers premium. All storage fees will apply and be charged even if the items have been considered forfeited. 9. There is a 15% buyers premium to the hammer price to all lots online. 10. All of our online only auctions are conducted using soft close. This means even if an item is scheduled to close at a particular time, if someone places a bid in the last two minutes, two minutes will be added to the scheduled close time for that particular lot. The time extension will continue to occur every time a bid is placed until there are at least two minutes with no additional bids. 11. Auctioneer cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted or error free service or use of the site. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. The Auctioneer, in its sole discretion, may void any sale, temporarily suspend bidding and resale any item/lots that were affected by any malfunction. The decision of the Auctioneer is final. The Auction Company also reserves the right to decline someone from bidding on an auction at the Auctioneers discretion. Real estate is being sold in "As Is" condition. No contingencies of any kind. Make your financial arrangements prior to the auction. You are encouraged to view the property to conduct your own inspection. $10,000.00 Non Refundable earnest money required with sign purchace agreement (within 24 hours following the sale) 5% buyers premium will be added to the final bid price to equal the total purchase price, closing in 30 days M.O.L., $200,000 min. opening bid. The seller /s have the right to Accept / Refuse / Reject / any / all bids. Property location is 123 Franklin St. Scales Mound Il. 61075
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 5% Buyer's Premium
Payment Terms
Cashiers check, personal check w/ bank letter, credit or debit card.
Real estate / property location is 123 Franklin St. Scales Mound Il. 61075
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.