Redefining Perceptions

about Real Estate Auctions

Sullivan, IL - Former Shopko

1225 S. Hamilton Street - Sullivan, IL

Description

Former free standing retail facility is strategically located on Hamilton Avenue in Sullivan, IL  The location is ideal for retail use with it's own parking lot and substantial monument sign at the road.  Next to boat dealers, car wash self-storage.

34,996 SF gross building

  • 34,996 SF Freestanding former Shopko Building
  • 3 acres - 130,680 SF
  • New Roof (August 2016)
  • Fluorescent lighting
  • Sprinkler system
  • Rear area warehouse with conveyor and racking storage system
  • Box crushing machine
  • Loading dock
  • Interior recently renovated
  • Electrical, natural gas, water, sanitary and storm sewer are all available to the site
  • Taxes - $59,808 (2016) - Parcel # 08--08-11-205-012

Why Buy This Property

This property is ideal for the astute user or investor seeking a recently Shopko retail location in prestine condition close to Lake Shelbyville.

Location - Well positioned location to service both Sullivan and Lake Shelbyville 

Alternative Use - An excellent location and property for conversion into boat or other storage.  

New Roof - The roof was replaced in August 2016

Property Location

Auction / Date / Time

On Line Auction
August 09, 2017 12:00 CDT

Offering Strategy

Proof of funds required prior to the auction.  10% Earnest Money required upon winnng the bid.  Closing on or before September 13, 2017.  The Buyer's Premium equal to 10% will be added to the winning bid to determine the sale price.

This auction features a "grouped bid extension."  This means if any of the properties in the auction receive a bid within five minutes of the deadline, the deadline will extend for an additional five minutes on all auction properties.  The opportunity to bid will continue until five minutes past the last bid placed.  The Broker / Auctioneer is not responsible for bidding errors or the inability to bid caused by internet outages, bid platform failures or power failures.  Should you have any questions or trouble bidding, please contact us at 770-980-9565

Inspection Dates

Inspections:  11:00 AM - July 31, August 7

Please note:  Inspections begin promptly.  A Site Access Form signed by each attendee as well as on site registration and a government issued photo ID is required at each inspection.  Please download the Site Access Form and bring it with you to the inspection.

Auction Location

On line bidding closes on August 9th at 12:00 PM CDT.  

Online bidders must register to bid at www.AMCbid.com no later than 24 hours prior to the auction. 

 

Details

Certified Funds To Bid : Bank proof of funds required to bid

Buyer's Premium (Buyer's Fee) : 10% of the high bid

In Cooperation With : Auction Management Corp.

Contact Person

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Broker Participation : Unless noted otherwise in property listing or herein, a broker commission of two percent (2%) of the Winning Bid will be paid on real estate.  A commission will only be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration Form posted to the website for the property listing prior to bidder registration. The registration form must be signed by the prospect and the Broker, and must be received by the Designated State Licensee with a copy to info@amcbid.com for the state in which the Property is located no later than 5:00 PM two (2) days prior to each bid deadline via fax or mail.  In no case will a broker registration be accepted after a bidder has registered. Any Broker receiving commission pursuant to separate agreement with Seller is NOT eligible to receive any additional commission. Broker must also sign the Purchaser- signed Auction PSA following completion of the auction. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.

Licensing : Fine & Company LLC, Licensed Illinois Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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