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Real Estate  >  Sullivan Auctioneers, LLC  >  Dallas City Real Estate - Online Only, No Reserve

Dallas City Real Estate - Online Only, No Reserve

by Sullivan Auctioneers, LLC
Event Begins: Friday,  February  15,  8:00 AM Central
First lots ends Monday,  February  25,  10:00 AM Central
Last lot ends Monday,  February  25,  10:00 AM Central

Unreserved online only commercial real estate auction of property located in Dallas City, Illinois. This will be a timed online auction with a "soft close".

205 Pine Street, Dallas City, Illinois 62330 205 Pine Street, Dallas City, Illinois 62330

205 Pine Street, Dallas City, Illinois 62330

Lot #1 (Sale Order 1 of 1)

LOCATION & GENERAL INFORMATION

Unreserved online only commercial real estate auction. This will be a timed online auction with a "soft close".

Real estate consists of a well-built and maintained commercial building, which is located at 205 Pine Street, Dallas City, Illinois 62330 (Directly behind the Circle K convenience store.) This is a great location and the building is highly visible from Highway 96/Route 9.

The building is a single story with 1,400 sq. ft. (28' x 50'). Other features include a high efficiency gas furnace with central AC, full basement, front & back wheel chair accessible exterior doors, several partitioned offices along with bathroom and reception area. The building had a new metal roof installed in 2017.

This real estate will positively sell to the highest bidder, regardless of price. Make plans to take a look at this property that has unlimited possibilities.

Open House: Saturday, February 9th from 10:00 - 11:00 A.M.

Dallas City Civic Association – Seller
Stanley Vorhies – President

Representing Law Firm:
Capps, Ancelet, Icenogle & Wallace
55 South Adams Street
P.O. Box 250
Carthage, IL 62321
Phone: 217-357-2107

METHOD & TERMS

The property will sell for a lump sum, total dollar amount and bidding will be online only. Online bidders must register with their full legal name, address, email address, daytime/evening phone number and provide a current Letter of Credit addressed to Sullivan Auctioneers, LLC. There will be no internet bidding fee. The buyer will settle for the “hammer price”. Bidding will begin on Friday, February 15, 2019 and will end on Monday, February 25, 2019 at 10:00 A.M. C.S.T. with a “soft close”. Immediately following the conclusion of the online auction, the successful buyer will be emailed the purchase agreement, which must be returned via email or fax. A non refundable deposit equal to 10% of the total bid price will be required at the conclusion of the auction with the balance being due at closing, which will be scheduled in approximately 30 days, on or before Monday, March 25, 2019. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller, without proration. The 2019 real estate taxes will be prorated to the date of closing. All subsequent years will be paid by the new buyer. Full possession will be given at the time of closing. The property is currently vacant.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

Buyers Premium – None

ONLINE REAL ESTATE TERMS:

Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is.

Online bidders must register 72 hours in advance of the auction by emailing the following information to sold@sullivanauctioneers.com
  • Full legal name
  • Home mailing address
  • Email address
  • Daytime/evening phone number
  • Current letter of credit addressed to Sullivan Auctioneers LLC
Sullivan Auctioneers, LLC reserves the right to deny registration.
Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax.

Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit equal to 10% of the total purchase price. The balance of the purchase price is due at closing. Failure to execute and return contract with deposit will be considered in default.

Bidding on the property is not contingent on financing, appraisal or any other contingencies.

This is a no reserve, absolute auction. Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction.