Current Auction

68 +/- acres off of I57 in Mt. Vernon

Sealed bids due Nov. 21, 12:00pm

Bids opened November 22, 9amn at the Double Tree

This property is divided into 7 tracts. PICK YOUR TRACT OR COMBINATION OF TRACTS. 

IF BIDS ON TRACTS COMBINED REACHES $1,000,000, PROPERTY WILL SELL

******IT HAS COME TO OUR ATTENTION THAT TRACT 1 WOULD BE LANDLOCKED. IF TRACT 2 AND TRACT 1 BUYER ARE DIFFERENT BUYERS, TRACT 2 WILL HAVE TO GIVE EASEMENT TO TRACT 1. IT WAS ORINGINALLY THOUGHT THERE WAS ALREADY AN EASEMENT IN PLACE********

Click here for Terms and Conditions 

PICK YOUR TRACT

Commercial property just off I64/57 at Mt. Vernon to be offered by sealed bid auction. This vacant land will be offered in 7 tracts or combination of tracts.

 

Tract 1: The northernmost tract is just in front of Walgreen’s employee parking lot and consists of approx. 4 acres Parcel #06-26-102-002

Tract 2: This tract is approx. 25.5 acres and has 2 ponds parcel #06-26-151-003

Tract 3: Approx. 18 acres parcel #06-26-301-004 & #06-26-301-011

Tract 3A: Approx. 3.88 acres between I64/57 and AMC Classic Movie Theatre (a part of parcel 3)

Tract 3B: Approx. 3.37 acres just off N. Davidson, behind AMC Theatre (a part of parcel 3)also includes a 30 x 75 Block building with 3 overhead doors and a side door

Tract 4: Approx. 9.76 acres behind Rend Lake Marketplace, just off N. Davidson (06-26-301-008)

Tract 5: Approx. 3.95 acres on the South side of Fairfield Inn (06-26-351-020)

 

 

 

2 Acres of Commercial Property just off I-57 at Ina, Illinois is up for Online Auction!

Where: 103 Ina Avenue

When: Auction ends August 2, 9am (soft close…if you bid in the last few minutes, it will extend by 3 minutes until all bidding has stopped.)

This is a high visibility, high traffic piece of property just off I-57, behind Speedway, across from Loves Truck Stop, next to Rend Lake….the possibilities are endless! This is being offered as land only as the house in uninhabitable.

Terms and Conditions apply. See below photos

Click here to register to bid 

AUCTION TERMS                                                                 103 Ina Avenue, parcel numbers 15-30-231-001 & 002

Sale Method: Property will be offered at auction with a reserve of $200,000 bid.

Buyer’s premium: A 5% buyer’s premium  will be added to high bid to become total contract price.

Survey: No survey is provided

Possession: At closing

Taxes: Prorated to date of closing

Financing: Sale is NOT contingent on financing Make arrangements prior to bidding. THIS MEANS ALL INSPECTIONS, APPRAISALS OR ANYTHING ELSE LENDER REQUIRES MUST BE DONE PRIOR TO BIDDING. ONCE PROPERTY IS SOLD, WINNING BIDDER IS EXPECTED TO FOLLOW THROUGH OR LOSE EARNEST MONEY. PLEASE BID ACCORDINGLY.

Registration: In order to bid, potential bidders must provide bank letter of guarantee or verification of funds via email to [email protected]. VERIFICATION OF FUNDS MUST BE RECEIVED NO LATER THAN 12:00PM Tuesday, July 30. Please contact auction company to make sure we have received your letter. IF THIS IS NOT RECEIVED, BIDDING WILL NOT BE ALLOWED. Contact auction company with any questions.

Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit with Kim Duncan auction & Realty, $10,000 earnest money and sign a purchase agreement with the seller. Balance due at closing no later than 45 days after signing of contract. In the event of default by the buyer, earnest money will NOT be refunded.

Conditions and Easements: Sale is subject to all easements, covenants and restrictions on record.

In the event earnest money is not received or closing doesn’t take place within 1 week of date agreed to on purchase agreement, purchase agreement will be considered null and void. Auction company and seller will have the right at that point to resell the property.

Kim Duncan Auction & Realty and Kim Duncan Auctioneer are agents for the Seller only.

Disclaimer and Absence of Warranties

All information contained herein and all related materials are subject to the terms and conditions outined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold As-Is Where-Is and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information provided is believed to be accurate and true, but is subject to verification by all partied relying on it. No liability for its accuracy, errors or omissions is assumed by the auction company or its agents. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, etc. All decisions of the auctioneer are final and all announcements made day of sale by the auctioneer take precedence over printed material or spoken information made prior to sale.