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REAL ESTATE AUCTION
2,156 s.f. Commercial Building
431 N. East Street

Kewanee, Illinois
Thursday, August 7th, at 6 p.m.



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431 N. East Street, Kewanee - exterior view from Northeast

431 N. East Street, Kewanee - exterior view from East

431 N. East Street, Kewanee - exterior view from East

431 N. East Street, Kewanee - exterior view from Southeast

431 N. East Street, Kewanee - exterior view from Northwest

office area. The building has terra cotta floors in the high traffic areas.

formerly a dental professional office

reception area

there are two restrooms

another view of reception area

office view

back room area

lab area

lab area

energy efficient gas furnace with central air

800 amp electric service panel

one of two electrical subpanels

location map

Traffic map showing 7,800 vehicles a day on East Street (Hwy 34)

Satellite photo of property

 

                                                           Property Description:

This office building features 2,156± square feet. Originally constructed as a restaurant, the building was extensively remodeled in the last 10 years and has been used as a dental professional facility until recently. Although the building is presently conducive to a medical professional office with the typical facility rooms throughout, the interior walls are not weight bearing and can be removed. The land is a 162’ x 150’ corner lot and is partially paved. 

Zoned B-3 Business

             AUCTION PREVIEW:  Thursday, July 31, from 4 to 6:00 pm

The exterior of the building is brick. The building had new rubber roofing, a new furnace and central air, and alarm system  installed in the last 10 years. There are two lawn storage sheds on the property.

High traffic location on Route 34 with 7,800 vehicles per day traffic count. 

Tax PIN# 20-33-229-034  

2007 Real Estate Taxes: $2,845.16       

 

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 will be required on day of sale, and the balance will be due in cash or guaranteed funds at closing on or before September 8, 2008.  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 for 2008 and subsequent. Sellers will furnish a guaranty title policy in the amount of the purchase price. 2007 Real Estate Taxes will be paid by Seller, 2008 real estate taxes will be prorated to date of closing. Possession will be at closing. The successful bidder will enter into a contract of sale at the auction sale. 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. There may be additional terms in the Contract of Sale and on the bidder card when you register to bid. The property is being sold in an "as is" condition with all faults known and unknown. Any announcements made day of sale will take precedence over prior advertising and printed matter.

Auction Preview: Thursday, July 31, from 4 to 6 pm

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