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Friday, March 01, 2024   
TIF ZONED COMMERCIAL LOT
Watch this Listing
Listing ID: 120832 
Status: Ended
2007 Mall Street ~ Collinsville, IL Commercial / Industrial | Land
Starting Bid: $89,000 
Number of Bids: 0 Bid History
High Bidder:
 
Bidding Opens: Nov 07, 2023 1:10 PM
Bidding Ends: Dec 11, 2023 11:30 AM  (Central)
Starting Bid: $89,000
Buy Now Price: $120,000
Contact: The Auction House Co
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms


Contact Information
Contact Type: Listing Agent/Auctioneer
Contact Name: The Auction House Co
Agency Name: The Auction House Company
Contact Phone: 618-344-3545
Showings: Drive By Viewing Only


Address Information
Street Address: 2007 Mall Street
City: Collinsville
County: Madison County
State/Province: IL
Postal/ZIP Code: 62234
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Commercial / Industrial
Category: Land
Square Footage: 38,300 (Approximate)
Lot Size: 200 X 191.5
Year Built: 0
Taxes: $2,455
MLS/FMLS ID: 23066835

Picture Gallery

Description

ON-LINE AUCTION STARTS NOW AND ENDS DEC. 11th @11:30 am.  Beginning Bid is $89,000 for this large 200 x 191.5 size lot.  TIF Zone and utilty tie-ins.  Lots of potential in this commercial area.  Great location for Gun Range, Spa, and the list is endless.  The lot is priced to sell.  Wal-Mart and Home Depot are neighbors, along with several strip malls of various small businesses.

To bid on the Lot, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding. ~ While auction is "active", all bids MUST be placed online.  Written offers will not be accepted. ~ Highest bid is subject to seller approval. ~ 6% Buyers Premium will be added to the final bid price as a buyers premium on the property.  Earnest money deposit of $500 shall be held at title company handling the closing. ~ All bids are placed in US Dollars. ~ All bidders are to upload the proof of funds, during preapproval process, before bid is placed.  Buyers premium is nonrefundable and due within 24 hours day of auction close or paid at Closing, if needed. The Winning bidder will be asked to sign a sales contract at the winning bid amount and based on the terms described here.  ~ If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire. ~ The bidding will be open and everyone will have access to the bid history during the auction. ~ As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes. ~ If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored. ~ The high bidder will be notified via email after the auction ends. ~ Seller reserves the right to postpone or cancel this auction at any time for any reason. ~ Sale is “as-is”, "where-is". Seller will not fix anything.  Property sells with no contingencies. ~ All inspections, surveying, due diligence are the sole responsibility of the buyer. ~ Closing will take place at Abstracts & Titles in Collinsville, IL within 30 days of signing the contract. ~ Winning bidder may, at their option and expense order a title examination and insurance. ~ All Sales are Final.


Bidding History
BidderBid AmountBid TimestampAuto-Bid
----- No Bids for Auction -----

Questions
 
----- No Questions -----

Terms
  1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
  2. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
  3. Highest bid is subject to seller approval.
  4. A 6% Buyers Premium will be added to the final bid price as a buyers premium on the property.  Earnest money deposit of $1000 shall be held at title company handling the closing.
  5. All bids are placed in US Dollars.
  6. All bidders are to upload the proof of funds, during preapproval process, before bid is placed.  Buyers premium is nonrefundable and due within 24 hours day of auction close or paid at Closing, if needed. The Winning bidder will be asked to sign a sales contract at the winning bid amount and based on the terms described here.  
  7. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
  8. The bidding will be open and everyone will have access to the bid history during the auction.
  9. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
  10. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
  11. The high bidder will be notified via email after the auction ends.
  12. Seller reserves the right to postpone or cancel this auction at any time for any reason.
  13. Sale is “as-is”, "where-is". Seller will not fix anything.  Property sells with no contingencies.
  14. All inspections, surveying, due diligence are the sole responsibility of the buyer.
  15. Closing will take place at Abstracts & Titles Inc in Collinsville, IL within 30 days of signing the contract.
  16. Winning bidder may, at their option and expense order a title examination and insurance.
  17. All Sales are Final.
Buyer Premium: 6.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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