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Fax: (309) 674-8940 email: Click here to send email to Cotten Auctions |
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REAL ESTATE AUCTION |
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View or print the Auction Brochure 2-page PDF file opens in new window |
Location map and directions to auction |
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Property Description: This office building has a low-maintenance brick exterior and is located at the corner of Wisconsin and Republic across from the site of the new Glen Oak School. The property was formerly used as a dental office, but could be easily adapted to other office uses. The building has four exam rooms, a large reception area, office, lavatory, and lab areas. The building has an energy-efficient gas furnace with central air conditioning. Zoned O-1 Office. Blacktop off-street parking with 9 parking spaces and entrances off Wisconsin and Republic streets. Building size: 25’x52’ The property sits on two lots total land size: 64’x105’ Great visibility with 6,200 daily traffic count. Tax ID #’s 14-33-477-048 and 14-33-477-049. 2007 Real estate taxes: $2,387.60 AUCTION PREVIEW: Sunday, February 15th from 3pm to 4pm, and Sunday, February 22nd from 3pm to 4pm, or by appointment.
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at this auction, you will be agreeing to the following
Terms of Sale. Please read the
terms because the terms may vary according to the auction:
Terms of Sale on Real Estate: An earnest money deposit in the amount of 10% of the selling price in cash or guaranteed funds will be required on day of sale, and the balance will be due in cash or guaranteed funds at closing within 60 days of acceptance. The successful bidder will pay a 10% Buyer Fee in addition to the bid price on the real estate, and the Buyer Fee will be added to the bid price to arrive at the total selling price in the contract of sale. Title will be conveyed by deed subject to all restrictions, reservations, easements of record, and zoning laws, but free of encumbrance except for taxes subject to assessment for 2008 and subsequent to be assumed by buyer. Seller will furnish guaranty title insurance in the amount of the purchase price. Possession will be at closing. The successful bidder will enter into a contract of sale at the auction. The contract will not be contingent upon financing. A copy of the sales contract will be posted on the premises for review before the auction sale. The sale is subject to the confirmation of the Seller and lienholders. The property is being sold in an "as is" condition and “with all faults known and unknown”; any inspections of the property must be made before the auction. Contact the Auctioneer for showing. Any announcements made day of sale will take precedence over prior advertising and printed matter. Broker Participation welcome. 2% fee paid to buyer's broker. Download Broker Participation agreement here Broker Participation Agreement. If you have any questions, please call Joe Cotten at 309.686.0558 anytime. |
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Fax: (309) 674-8940 email: Click here to send email to Cotten Auctions |
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Cotten Commercial Auctioneers, Inc. Registered Illinois Real Estate Broker Corp. Illinois License #444000115 |
Cotten Real Estate Established 1950 |
Cotten Commercial Auctioneers, Inc. Indiana License #AC30300095 |
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Joe Cotten - Registered Illinois Auctioneer License #441000209 and Real Estate Broker *Peoria's only licensed Auctioneer with a Real Estate Broker License |
Cotten Auctions Established 1978 |
Joe Cotten - Registered Indiana Auctioneer License #AU10300141 |