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REAL ESTATE AUCTION
former dental offices
2121 N. Wisconsin
Peoria
, Illinois
Saturday, February 28, 2009, at 9:30am

at the property


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Front of building

Front of building

exam room

exam room

lavatory

reception area

reception area

electric service panel

gas furnace with central air

aerial view of property

bird's eye view of property

traffic count map

                                                           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.

Please stop back to this website for further information as it become available.
 

By registering to bid 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
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
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