|Name||Estate of Richard S. Lowe|
|Auctioneer||Canning Auctions LLC|
|2700N. Park Ave. Herrin IL 62948 BIDDING OPENS( Real Estate & Personal Property): -----------Friday April 30th 7AM BIDDING BEGINS TO CLOSE: ----------COMMERCIAL Real Estate Monday May 10th 6:00PM ----------Personal Property Monday May 10th shortly after commercial property SOFT CLOSE|
|Preview Date/Time||Friday May 7th 10-5pm Saturday May 8th 10-3pm OR BY APPOINTMENT PRIOR TO CLOSE OF AUCTION|
|Checkout Date/Time||Commercial Real estate 30 day closing Personal property pick up will be Tuesday, Wednesday, Friday (NO PICK UP ON THURSDAY 5/13/2021) Canning Auction Reserves the right to charge card on file IF all winning bidder items are NOT picked up & paid for by the close of business Friday May 14th @ 2700N. Park Ave Herrin IL 62948|
|Location|| 2700 N. Park Ave.
Herrin, IL 62948
|Buyer Premium||10%BP For Personal Property Only|
Estate of Richard S Lowe Commercial Real Estate Starts: Friday April 30th at 7:00AM BEGINS TO END:Monday May 10th 6:00PM * NOTE Commercial Real Estate to close online earlier than the personal property* potential rental potential OPEN HOUSE Friday May 7th 10-5 & Saturday May 8th 10-3 AT 2700 N Park Ave. Herrin IL 62948 Personal Property Starts: Friday April 30th at 7:00AM BEGINS TO END: shortly after the commercial property begins to close.6:20pm * NOTE Commercial Real Estate to close online earlier than the personal property* PERSONAL PROPERTY VIEWING Friday May 7th 10-5 & Saturday May 8th 10-3 AT 2700 N Park Ave. Herrin IL 62948 COMMERCIAL REAL ESTATE: 2700 N. Park Ave Herrin IL 62948 Tax ID Number/Parcel Number 02-18-253-005 Real Estate consists of a 5000 s.f. post frame building, 50' x 100'. The building is completely spray foam insulated. There is a man door and a set of sliding doors , 17.6' wide x 15' high, on the front of the building. On the backside of the building is a sliding door covering a 15' w x 15'high opening. The property is zoned B-2:; Highway Business., and has road frontage along the west and south property lines. Along N. Park Ave. (highway 148) frontage is 265'+/_ and frontage along Wilson Street is 296' +/_. The building features a natural gas Modine Heater, concrete floors, and electric throughout the building. The property has city water, sewer and Ameren gas and electric. Also situated on the property is an 855 s.f. 3 room brick and vinyl dwelling, with kitchen, laundry hook ups, carport and soffit. The building is equipped with AC window unit, electric baseboard heat, electric hot water heater, washer and dryer, stove and refrigerator. 2019 Taxes for Commercial Real Estate & Additional Efficency House $2775.24 Ameren CIPS service for power Commercial property has modine gas heater as well as a outside wood burning furnace The effeciancy house has base board heat and window units for Air condtioning. REAL ESTATE TERMS: Financial arrangements should be made prior to the auction! The sale IS NOT contingent upon financing. Potential buyers may make any inspections prior to auction. Please contact Auction Company for private viewing. Pre-set Preview dates are Friday May 7th 10-5pm and Saturday May 8th 10-3pm. The Real Estate is sold "AS IS", no warranties either expressed or implied. Successful bidder or bidders will be required to enter into a written contract and deposit $5000.00 earnest money within 48 Hours of close of the auction ( Wednesday May 12th). Remaining balance will be due by on or before 30 days from sale date May 10th 2021. Deed and title insurance will be provided by seller. Possession will be given on date of closing. PERSONAL PROPERTY will have a 10% buyers premium With a cap of $250.00 that will be added to the hammer price. Sales tax of 7.25% will be applied to all personal property items as well .
|Bid Amount||Bid Increment|
|0.00 - 20.00||1.00 USD|
|20.01 - 100.00||2.50 USD|
|100.01 - 200.00||10.00 USD|
|200.01 - 1,000.00||25.00 USD|
|1,000.01 - 10,000.00||100.00 USD|
|10,000.01 - 50,000.00||250.00 USD|
|50,000.01 - 9,999,999.99||500.00 USD|
|Buyer Premium||10%BP For Personal Property Only|
10% Buyers premium and 7.25% Sales Tax on all personal property items. If you are a winning bidder $1 will be charged to your credit card to pay for the retention of your credit card information. That charge will come off after the auction. BUT WILL BE ON YOUR INVOICE if you are a winning bidder. Following the conclusion of the auction the winning bidder's credit card will be billed for the total amount due. A PAID IN FULL receipt will be sent to the bidder upon verification of payment from credit card processor. Buyers who wish to pay for purchases by other methods i.e.: Cash or Check MUST contact Canning Auctions LLC prior to the close of the auction. Those payments are due before or at time of pickup. Buyer agrees that under no circumstances will he/she initiate a chargeback on his/her credit card. Declined credit/debit card transactions will be re-attempted twice. After the 2nd attempt items will be considered forfeited and may be re-sold at our discretion. Buyer's Premium: A buyer's premium of 10% will be charged on all personal property. The winning bidder is required to make an earnest money down payment in the amount of $5000. The deposit must be paid by 4:00 p.m. the day following the close of the auction. Earnest money may be paid by personal check, certified check, or may be wired. Checks should be made payable Canning Auction Service.