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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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Location map and directions to auction |
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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
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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 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 |
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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 |