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Herscher, IL - 8876 W 5000S Road
Why Buy This Property
Location – Herscher is an established and growing community that has a lot to offer, prosperous businesses, both large and small, and a friendly town and a great place to settle down and escape the normal city lifestyle, this is it!
Herscher provides the area with quality medical, dental, veterinary and physical therapy services. A recently constructed senior living facility has proven to be very popular with its residents and their families.
Magnificent lot – A lot measuring approximately two acres which can be expanded to four acres and surrounded by tillable farmland subject to a minimum bid of only $18,000!
Never Before on the Market – Only one family has owned this home since it was built in 1970.
Access – Easy access to Interstate 55 and 57 and the Kankakee / Bourbonnais communities.
Description
Honey, STOP THE CAR!! Only one family has owned this home for seventy years! If you are looking for a home to rehab or live in, this is your opportunity.
1,576 sq. ft.
Main Level
Living Room
Kitchen
Family Room
Dining Room or Den
Full Bath
Foyer
Second Floor
4 Bedrooms
Basement
Laundry Room
Real Estate Taxes $340.44 (2022)
Property Location
Auction / Date / Time
June 03, 2023 NOON CDTOffering Strategy
$85,000 - MINIMUM BID AUCTION - JUNE 3 - This property will be sold subject to a Minimum Bid of $85,000 and the Terms of Sale. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet, a Cashier's Check made payable to Standard Title Company listed in the Purchase and Sale Contract is required to register to bid.
If you are bidding for the adjacent 2-acre parcel, a cashier's check made payable to Standard Title Company for an additional $2,500 is required to bid.
See Bidder's Information Packet for more details.
Inspection Dates
The property is available for inspection on the following dates:
4:00 p.m. – 6:00 p.m. – May 24 & 30
Registration and an acceptable form of government-issued photo identification are required by all persons attending the property inspections.
Please do not contact the Seller or enter the property at other times without permission. We encourage you to attend as many inspections as you like. These times are designed for you to spend time with our staff and become familiar with the property. We will explain the auction procedures, review the due diligence materials available, and provide you with time to tour the property. If you wish to bring in technical, investigative, or other types of property evaluation experts and will require special access to the property, please be advised that you will need to make an appointment in advance with Fine & Company, LLC for this type of inspection. Please call us at (312) 278-0600 ext. 101 to make these arrangements.
Auction Location
This is a live open outcry auction. The auction will be conducted onsite. The home and Auction registration will open at 11:30 AM, and the auction begins promptly at NOON.
Details
Certified Funds To Bid : $5,000
ON-LINE BIDDING INFORMATION & REGISRATION
This is a live open outcry auction. The auction will be conducted onsite. The home and Auction registration will open at 11:30 AM, and the auction begins promptly at Noon
Order Bidder's Information Packet
A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, real estate tax bill, local information, auction purchase and sale agreement, joint order escrow instructions, and terms of sale.
Bidder's Information Packets are available in PDF format for $10.00. To order your Packet, click on the link below and download the Bidder's Information Packet Order Form&
Contact Us
Fine & Company LLC
Renee Jones, CAI, AARE
713-780-2800
rjones@fineandcompany.com
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% -$400 referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
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 contained in the Bidder's Information Packet.
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.