Active, Auction

Online Real Estate Auction – Commercial Investment

909 Brown St, Alton, IL 62002

Alton, IL 62002
  • 0.16 Acres
  • Madison County

Description

Online Commercial Real Estate Auction

Auction Ends  March 5th @ 1:00PM

Address: 909 Brown St, Alton, IL 62002

Explore the potential of owning a commercial property in Alton, IL! Strategically located near the hospital, this building offers convenience and visibility. The asphalt parking lot ensures ample parking space for clients or customers, while the prominent post sign along the road enhances visibility. Ideal for small businesses, seize this opportunity to establish your business presence in Alton IL. Don't miss out on this versatile property perfectly suited for your entrepreneurial aspirations!

  • Age of the Building: Approximately 1960
  • Square Footage: 1,144
  • Lot Size:  4,800 (source: County records)
  • Heating: Gas
  • Cooling: Electric
  • Water Heater: Gas
  • Roof: Shingle
  • Basement: Finished
  • Utility Providers:
    • Water ~ Illinois
    • Sewer ~ City of Alton
    • Electric ~ Ameren
    • Gas ~ Ameren
  • School District(s): Alton School District
  • Drive Times:
    • St. Louis - 36 Min
    • Edwardsville - 24 Min
    • Godfrey - 14 Min

Title Company: Town and country

Financing: Cash, Conventional

Directions:  From rt 140, turn west onto Brown st. Follow the road, Property to your Left.

Legal Description: Part of Sec12 T5N R10W

Parcel: 23-2-07-12-19-405-003

Taxes: 2022 ~ $0 tax Exempted Status

AUCTION TERMS AND CONDITIONS -

Bidding information: This is an internet-only auction. All bidding is online. Property sold AS-IS. Seller reserves the right to accept or reject the high bid. More information about the online bidding process will be provided before bidding begins on Feb 23,2024. If you are unsure of your internet being reliable you are welcome to join us at our Sparta Office the morning the auction closes.

Registration: Proper and complete registration is required to bid. All bidders must provide name, address, phone number and email address to register - To complete the bidding process Property Peddler will require a copy of state ID - This can be sent to Property Peddler by emailing to info@propertypeddler.com or we will call to request it before approving to bid. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion. Buyer should register as early as possible to obtain information about the property and increase the likelihood of being notified of any pertinent changes that take place before the auction. It is recommended to be preapproved to bid at least 24 hours before the auction closes. The sooner for registration the better to stay in the loop on changes that may arise concerning the property. Contact us at 618-473-2500 with questions.

Co-Broke Offered: Property Peddler Inc is offering a co-broke commission of 2% to the Sponsor Broker who has a Broker that registers a client for the auction and they are a successful bidder. The agent must register the client, and show them the property before the client registers for the auction or is shown the property by a Property Peddler Agent. The broker can reach out the auctioneer brad@propertypeddler.com / 618-791-3289 to get the form to register a client. All Terms and Conditions of the auction will apply and if the winning bidder will sign on on the sales contract that is prepared by Property Peddler, and can be reviewed by the registering broker ahead of the close of the auction.

Contract: Winning bidders will sign in person or electronically the auction sales contract immediately after the sale.

Earnest Money: The day of sale, the approved high bidder will deposit a non-refundable payment of 10% down - deposited with Town and Country Title . Any stop payment order of a check or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

Closing: On or before April 5th, 2024.

Closing Cost: Buyer shall pay the purchase price, plus any customary closing costs. The closing costs may include but are not limited to the following: escrow/closing fees, recording fees, normal pro-rations, and/or document fees such as later date charges or wiring fees brought on by the title company.

Title Company: Town and Country Title

Taxes: Taxes will be prorated to the day of closing.

Mineral Rights: Any mineral rights owned will sell with the property. No mineral search performed. It is assumed that mineral rights have been detached from the property.

Possession: Day of closing.

Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not contingent on appraisal.

Survey: No survey provided - selling by legal description.

DISCLAIMER AND ABSENCE OF WARRANTIES: Subject to prior sale. Subject to all easements, covenants, and restrictions on record. All information contained herein, and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller(s) or the auction company. Each potential bidder is responsible for conducting his or her independent inspections, investigations, inquiries and due diligence concerning the property. The figures, estimates, and drawings of acreages and boundary lines in the printed material or on the website are approximate and are not guaranteed. The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions. It is the responsibility of each bidder to make sure that the Auctioneer is aware of his or her intent to place a bid. Auctioneer disclaims any liability for damages, whether direct, indirect, consequential, or incidental, resulting from bids not spotted, executed, or accepted. Bidders should also be careful to bid on the correct item and ensure that his/her bid is for the amount intended. Auctioneer is not responsible for errors in bidding, and Buyer hereby releases the Auctioneer and waives any claims for bidding errors. The sale is complete when the Auctioneer so announces in a customary manner. The auctioneer is not responsible for errors in the internet connection or the functioning of the computer system at that time. 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 disqualify or refuse any bid from the person if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final, and all announcements made the day of the sale by the Auctioneer will take precedence over printed or spoken information made prior. The Auction Company reserves the right to bid. Auctioneer has the right to cancel the auction. Property Peddler Inc., staff and agents work for and are agents of the Seller Only in an auction situation. Auction Company IL Lic. # 444.000622 Auctioneer Brad Chandler, IL Lic. # 441.002105, Broker License # 475.16227

P#754A

LISTED by Property Peddler Inc.   

Auctioneer/Broker Brad Chandler 618-791-3289

Designated Managing Broker Brenda Chandler 618-201-3947

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