The property is 95’ frontage x 150’ deep with a 3,100 s.f. single story masonry building. Former uses were a convenience store, a restaurant, and sporting goods. There is a large crushed stone parking lot with parking for approximately 20 cars. The building has a 200amp service with breakers and 240v-1phase power.

Tax ID: 13-06-376-005   2006 Real Estate Taxes are $1,629.20   Zoned: C-1 Commercial

Directions to property:  From Peoria, Illinois, go West on I-74 to the Kickapoo Edwards exit #82, then .9 mile North to property. From the Shoppes at Grand Prairie on Highway 150, go 4 miles West to Kickapoo, then .3 mile South to property.

Terms of Sale on Real Estate:  An earnest money deposit in the amount of 10% of the selling price in cash or guaranteed funds will be required on day of sale, and the balance will be due in cash or guaranteed funds at closing on or before September 11, 2007.  The successful bidder will pay a 5% Buyer Fee in addition to the bid price on the real estate, and the Buyer Fee will be added to the bid price to arrive at the total selling price in the contract of sale. Title will be conveyed by warranty deed subject to all restrictions, reservations, easements of record, and zoning laws, but free of encumbrance except for taxes for 2007 and subsequent. Sellers will furnish a guaranty title policy in the amount of the purchase price. Taxes will be prorated to date of closing. Possession will be at closing. The successful bidder will enter into a contract of sale at the auction sale. The contract will not be contingent upon financing. A copy of the sales contract will be posted on the premises for review before the auction sale. The sale is subject to the immediate confirmation of the Seller. The property is being sold in an "as is" condition. Any announcements made day of sale will take precedence over prior advertising and printed matter.

To Inspect the Property:  contact Joe Cotten, Auctioneer at 309.686.0558 anytime. 

A 10% Buyer Fee will be added to all purchases.

Note: As per the Secured Creditor's request, all items listed in the sale day catalog will be offered in bulk subject to offering in piecemeal lots as listed in the sale day catalog and sold whichever way brings the highest return to Secured Creditor.

Absentee Bids: If you are unable to attend the auction sale, we can bid for you. You must submit a blank check accompanied by a bank letter guaranteeing payment to Cotten Commercial Auctioneers, Inc. in the amount of your maximum bid plus the Buyer's Fee, if applicable. We will bid for you as if you are actually present, however, we assume no liability to bidders for missed lots where bids are not presented.
Inspection and Preview: Inspection from 8:00 AM on sale day. Although every effort has been made to publish reliable information regarding the property to be sold, Cotten Commercial Auctioneers, Inc. makes no warranty, expressed or implied, as to the accuracy of the information contained herein. For this reason the buyers should avail themselves of the opportunity to inspect the property to be sold prior to the auction sale. Any announcements made day of sale shall take precedence over prior advertising or printed matter.
Removal of Purchases: All purchases must be removed from the premises before 5pm Friday, August 17, 2007. All purchases become the Buyer's responsibility at the time of sale, and the Seller and the Auctioneer assume no responsibility or liability for loss, damage, or injury to persons or property before, during, or after the auction sale. The bidder agrees to hold harmless, defend, and indemnify Auctioneer for any personal injury or property claims resulting from attendance. This provision shall include unregistered persons attending with bidder. Movers and riggers must provide a valid certificate of insurance prior to dismantling any equipment.

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