Redefining Perceptions

about Real Estate Auctions

Washington, IL - Freestanding Retail

1750 Washington Road - Washington, IL

Description

Former Wal-Mart/ Tractor Supply

79,632 SF gross building

9.97 acres

Located on Washington Road (US Bus 24), the major retail street for Washington, IL.  The property is across the street from the Hillcrest Country Club and within a short distance of the Walmart Supercenter, Cherry Tree Shopping Center containing Korger, Big R Stores, Uftring Chevorlet, Kimpling Ace Hardware, Taco Bell, Dunkin Donuts, and other retail locations.

This free standing retail building consists of retail space on the south portion and warehouse space along the northern portion of the building. There is a four-bay auto service garage previously used for oil-change, tire service and routine auto maintenance  located at the northeast corner of the building.

  • The building is constructed of steel framing and concrete block walls on a concrete slab-on-grade foundation.
  • The roof is constructed of corrugated steel.
  • The retail areas are finished with resilient vinyl floor tile with ceramic floor tiles in some areas, and lay-in acoustical ceiling tiles.
  • The building is surrounded by parking lots on the south portion of the property, an equipment storage yard on the west side of the building, a grass lawn on the north side of the building and an access drive on the east.
  • Access to the asphalt-surfaced parking lots on the southern portion of the property is through an access drive from Washington Road.

.

.

Constitution Street terminates at the north end of the property, with access into the site. The Tazewell County parcel number of the C-3 zoned property is 02-02-15-300-030.

The City of Washington supplies drinking water and sanitary sewer services.

 

Why Buy This Property

ABSOLUTE AUCTION - TO BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE!

This property is ideal for the astute user or investor seeking a retail space on the high traffic commercial street in Washinton, Illinois. 

Property Location

Auction / Date / Time

On Line Auction
August 09, 2017 12:00 CDT

Offering Strategy

ABSOLUTE AUCTION - TO BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE!

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:  2:30 PM Sharp - July 31 and 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 EDT.  

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

Ask a question about this property

Get updates or ask a question about this property

Get updates or ask a question about this property

In order to keep you updated on this property as we move through the auction process please provide the following information:

Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input

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.

Back To Top