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AUCTION of Real Estate and Restaurant Equipment
selling the former assets of Italo's
412 Broadway

Pekin, Illinois

Tuesday, April 7, at 9:00 a
.m.

Real Estate Auction at 9:30am  -  Equipment Auction starts at 10:00am

Equipment Preview:  From 8am on auction day. Some pieces of equipment are in storage and may be previewed at 215 N. 5th in Pekin, Illinois, on the morning of the auction. These items will be sold from video presentation at the 412 Broadway location in the course of the auction sale.

No removal of purchases will be permitted while auction is in progress.

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Real Estate consisting of 1,665+- square foot building on 95.66'x70' corner lot. zoned B-1.
Contact auctioneer at (309) 686-0558 for showing.

412 Broadway - front view

412 Broadway - view from southeast

412 Broadway - view from southwest

Property has recent new furnace and air conditioning

building is equipped with a natural gas powered generator and switching device which will be sold separately from the real estate.

generator switchgear

view of building electrical panels

click here to download information sheet and terms of sale that apply to real estate

Real Estate Auction at 9:30am.  Equipment auction begins at 10:00am

Broker participation offered to real estate professionals representing qualified buyers. Real Estate Professionals with a prospective bidders click here to download Broker Participation form.

 

Here are photos of the equipment to be sold. There are also some items noted that are in storage off-site that will be sold from video presentation at the auction. Be sure to stop by 215 N. 5th St. the morning of the auction to preview those items in storage.

Acme 19.5" dough roller

maple top baker's table

bakery display case

cambro portable tray carrier

StarMax gas charbroiler

compressors on combo walk-in

single convection oven, gas

double convection oven, gas

view inside combo walk-in

view inside combo walk-in

view inside combo walk-in

view inside combo walk-in

Delfield single door stainless cooler

grease filtering machine

fire suppression system

fire suppression system

American Range AF-45 gas fryers

15' stainless range hood with return air

rooftop hood fan. Buyer has to flash curb.

rooftop fan for hood. Buyer has to flash curb.

Rooftop fan unit. Buyer has to flash curb.

Hobart 60qt mixer (single phase), with accessory bowl and attachments

assorted small wares

tray racks

Crescor cabinet

tray racks

tray racks

8-burner and 6-burner stainless oven ranges

2-burner kettle range

one of 3 cash registers

3-compartment stainless corner sink

deep single sink and hand sink

hand sink

grease trap

steam table

stainless tables

digital timers

utensil rack

utensil rack

Hobart 4'x6' walkin cooler (in storage at 215 N. 5th)

Beverage Air single door glass cooler (in storage at 215 N. 5th)

tray cabinet (in storage at 215 N. 5th)

American AF-45 gas fryer (in storage at 215 N. 5th)

stainless 3-compartment 102" sink with drainboards and dual faucets and remote drains (in storage at 215 N. 5th)

Servewell 5-hole 240v-1ph steam table with overshelf (in storage at 215 N. 5th)

Duke 5-hole steam table, 240v-1ph (in storage at 215 N. 5th)

Duke 4-compartment steam table (in storage at 215 N. 5th)

Vulcan 10-burner gas oven range (in storage at 215 N. 5th)

True 3-door stainless refrigerator, 115v-1ph (in storage at 215 N. 5th)

True 3-door stainless freezer, 115/230v-1ph (in storage at 215 N. 5th)

view of both True units (in storage at 215 N. 5th)

8' all stainless table (in storage at 215 N. 5th)

10' all-stainless table (in storage at 215 N. 5th)

8' all-stainless table (in storage at 215 N. 5th)

36" x 30" all-stainless table (in storage at 215 N. 5th)

custom LP portable catering steam table (in storage at 215 N. 5th)

oak tray rack (in storage at 215 N. 5th)

 

Real Estate Auction at 9:30am.  Equipment auction begins at 10:00am

Broker participation offered to real estate professionals representing qualified buyers. Real Estate Professionals with a prospective bidder click here to download Broker Participation form.

REAL ESTATE: 1,665 sq. ft. building on 95.66’x70’ corner lot. Zoned B-1. Property was extensively remodeled in 2004 for use as a take-out food facility

KITCHEN EQUIPMENT: Southbend 8-burner gas range; Southbend 6-burner gas range; Vulcan 10-burner gas range; Southbend 2-burner kettle range; (3) American Range AF-45 gas fryers; Anets Crystal Quick model 150 Powerfilter; (2) Crescor tray cabinets; (2) aluminum tray racks; (2) deep single stainless sinks; (2) stainless hand sinks; 3-compartment stainless corner sink; grease trap; 3-compartment pan-size sink; grease trap; StarMax 36” charbroiler; stainless grill stand; (2) 15’ stainless hoods with return air; (2) Protex II L6000 fire suppression systems; (2) 4’x30” stainless tables; Pelouze 60# scale; (30) baking sheets with strainer inserts; Winholt tray dolly; assorted large pots and pasta inserts; (2) Pelouze T-4 digital timers; Servewell 5-hole gas steam table; portable 4-hole LP steam table; 10’ all stainless table with backsplash; 8’ stainless table with backsplash; (2) wall mount utensil racks; assorted small wares.

BAKERY EQUIPMENT: Hobart H600T mixer, 208v-1ph, with 30 and 60qt bowls, bowl dolly, (2) paddles, (3) dough hooks, (2) whips; Acme 19” Rol-Sheeter; (2) Interplastic triple ingredient bins with dollies; on-wall wire shelving; 6’x30” mapletop bakers table on wheels; 6’ bakery display case;  

REFRIGERATION: Delfield single door stainless refrigerator; single door glass refrigerator; True 3-door stainless cooler; True 3-door stainless freezer;  combo walk-in cooler/freezer with 7’x12’ cooler and 7’x7’ freezer; (7) green vinyl cooler shelving units; 6’ x 8’ walk-in cooler;

OTHER ITEMS: Cambro double catering box on wheels; (18) styrofoam pan carriers; (2) – 6-locker employee lockers; (16) full pans; (33) stainless half-pans; (20) stainless ¼ pans; assorted lids; (3) Sharp cash registers; other misc.

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: Cash payment in full day of sale, in the form of U.S. currency, or guaranteed funds in the form of cashier's checks or certified checks, or by wire transfer to Auctioneer's escrow account. Personal or company checks must be accompanied by bank letter guaranteeing unqualified payment to Cotten Auctions if you are unknown to us. Your bank letter should be similar to the following form: "Mr./Ms. (Customer Name) is a customer of this bank. This bank will guarantee unqualified payment to Cotten Commercial Auctioneers, Inc. on the account listed herein up to the amount of $_________. This letter is valid until (date)."

Bidders paying in currency in amount of $10,000 or greater will be required to complete IRS Form 8300.

We often are asked how a bidder should bring cashier's checks when the bidder does not know how much he/she will be spending. If you bring cashier's checks made payable to yourself in various increments, you can endorse them over to us and we will refund any overpayment.

We do not accept credit cards or debit cards. We no longer accept "convenience" checks drawn on credit cards since our bank will not process them. 

A 10% Buyer Fee will be added to all purchases, including real estate.

All items are sold "as is" and "in place" and "with all faults known and unknown". No property is to be removed until paid for in full. Please settle with the cashier within 15 minutes after the close of the auction. The Auctioneer and Owner or their designee reserve the right to add to, split, bunch up, withdraw or delete lots, or bid on Owner's or lien holder's behalf during the course of the auction sale. Sales tax will be charged where applicable. Leased items, if any, are sold subject to Lessor's approval. More detailed terms may be listed in auction day catalog and on the back of your bidder registration card or posted on-site for your review. 

Absentee Bids: If you are unable to attend the auction sale, we can bid for you. You must submit a blank check accompanied by a bank letter guaranteeing payment to Cotten Commercial Auctioneers, Inc. in the amount of your maximum bid plus the Buyer's Fee, if applicable. We will bid for you as if you are actually present, however, we assume no liability to bidders for missed lots where bids are not presented.
Inspection and Preview: Inspection from 8:00 AM on auction day. Although every effort has been made to publish reliable information regarding the property to be sold, Cotten Commercial Auctioneers, Inc. makes no warranty, expressed or implied, as to the accuracy of the information contained herein. The description, measurements, model and serial numbers, age, quantities, weights, condition, odometer and hour meter readings as outlined in the brochures and catalogs and invoices are believed to be accurate, but are for merely for the Auctioneer's identification of the respective items and not a warranty that such information is correct. For this reason the buyers should avail themselves of the opportunity to inspect the property to be sold prior to the auction sale. Any announcements made day of sale shall take precedence over prior advertising or printed matter.
Removal of Purchases: All purchases must be removed from the premises before 5pm Friday, April 10, 2009. All items are sold "in place" with removal at purchaser's risk and expense. All purchases become the Buyer's responsibility at the time of sale, and the Seller and the Auctioneer assume no responsibility or liability for loss, damage, or injury to persons or property before, during, or after the auction sale. Protect your purchases once the auctioneer says "sold". The bidder agrees to hold harmless, defend, and indemnify Auctioneer for any personal injury or property claims resulting from attendance. This provision shall include unregistered persons attending with bidder. Movers and riggers must provide a valid certificate of insurance prior to dismantling any equipment
.

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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