Real Estate > Commercial > Retail > # 1115925

Bid-1 (No Reserve) Commercial (Former Pub) West of Chicago

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Seller Name:	Illinoisinvestments
Rating:	(4)
Location:	510 MAIN ST. NEW WINDSOR, IL 61465 United States

Asset was sold for $1,751

Number of Bids:	6
This is the final amount the asset was sold for. Winning Bid:	$1,751
Winner:	R***a
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Sold
Auction Started:	10-27-23 06:45 PM ET
Auction Closed:	11-09-23 11:30 PM ET
Bid Increment:	$350
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's Premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	10.0%
Page Views:	1640

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Asset Information

Item Specifics - Commercial Properties

Commercial Properties
Address	510 MAIN ST. NEW WINDSOR, IL 61465 United States
County	Mercer
Lot Size	2750
Property Type	Retail
Building Size	1375.0

Asset Due Diligence Browser

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Asset Description

Additional Terms of Service

The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

Settlement Requirements

Buyer to pay 10% buyer's premium with a $500 minimum and a closing fee of $500, which includes deed preparation, recording fees, and transfer taxes. Seller will handle the entire deed recording process and property will be conveyed via Quitclaim deed with as-is title, subject to any outstanding taxes, liens, encumbrances, easements, and/or code violations, if any. Please do your due diligence BEFORE you bid. Full payment is due within 4 business days of auction’s close. Seller accepts wire transfers and cashier’s checks.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Wire Transfer

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

A satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.