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Fax: (309) 674-8940 email: cottenauctions@aol.com |
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Real Estate AUCTION |
| Download and Print a 1-page information sheet on this property. |
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Building #1: The church was constructed in 1962 and features 11,400 s.f. on two levels. The sanctuary is very impressive with vaulted wood ceiling and original oak pews with a capacity of 250 persons. The church held services as recently as July 2007. The church building is all-masonry construction, has gas-fired hot water heat, and a lower level with large meeting or fellowship room, and Sunday school rooms, etc. The church had a new roof installed 6 years ago. Building #2: is a 40’x80’ fellowship hall and was used for weddings, receptions, etc. Could be converted to residence. The building had a new roof installed in the Summer of 2007. Building #3 was originally constructed as a recording studio, but is now adapted to residential use. The building had a new roof installed in this Summer of 2007. Auction Preview: Tuesday, August 21, from 4pm to 6pm, and from 4pm on auction day. All buildings are presently zoned for not-for-profit uses, or residential use. The properties will be offered individually and in combinations.
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 28, 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 subject to
assessment for 2007 and subsequent. Seller will furnish a guaranty title
policy in the amount of the purchase price. Possession will be 30 days after
closing. The successful bidder will enter into a contract of sale at the
auction. 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 confirmation of the Seller. The properties
are being sold in an "as is" condition. No trade fixtures are included in
sale other than pews. Any announcements made day of sale will take
precedence over prior advertising and printed matter.
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Fax: (309) 674-8940 email: cottenauctions@aol.com |
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Cotten Commercial Auctioneers, Inc. Registered Illinois Real Estate Broker Corp. Illinois License #444000115 |
Cotten Real Estate Established 1950 |
Cotten Commercial Auctioneers, Inc. Indiana License #AC30300095 |
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Joe Cotten - Registered Illinois Auctioneer License #441000209 and Real Estate Broker *Peoria's only licensed Auctioneer with a Real Estate Broker License |
Cotten Auctions Established 1978 |
Joe Cotten - Registered Indiana Auctioneer License #AU10300141 |