ABSOLUTE Commercial Real Estate Auction - Lansing, IL
Listing ID#: 86386

Auction Location

Lansing, IL 60438
Auction Dates and TimesSALE IS COMPLETED
Tuesday Sep 25, 2018 Completed
Auction Type
 Live Auction  VIEW ONLINE CATALOG
Company Information
Kraft Auction Service

Contact: Jonathan Kraft
Phone: 219-973-9240
Email: kraftauctioninfo@aol.com
Website: www.kraftauctions.com

GoToAuction.com ID#: 1980
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Listing Terms and Conditions
DOWN PAYMENT:$50,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $25,000, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
Listing Information
Absolute Commercial Real Estate Auction Tuesday September 25, 2018 11:00am CDT Located at 16831 Torrence Ave Lansing, IL. From I80/94 go north .8 miles on Torrence Ave to property on the east side of the road. "Watch for Kraft Auction Signs!" Selling to highest bidder regardless of price is this well maintained commercial building. The building consist of over 89,000 square feet of space and sets on a 10 acre lot. Previously the building was grocery store and closed in the spring of 2017. The buidling features six truck loading docks, electronic entrance doors, and several offices in main building. Over seven acres of maintained paved parking for customers. The property is zoned B-3. Other tenants in the surrounding area include Burlington Coat Factory, Forman Mills, Rainbow, FedEx, Chase, America's Kids, Cititrends, and Dollar Tree. Over 30,000 cars per day travel pass this location and over 250,000 people live within 3 miles of the property. This property has numerous posibities and perfect for any investor. Taxes 2017 Pay 2018: $454,146.00 (currently on appeal). Previously Listed at over $2,000,000, and now will sell to highest bidder regardless of price! Open House: September 18th 10am-12pm. Can't make it? Call for a private showing! Owner: Tilland Partnership Terms: $50,000 non-refundable down payment immediately after auction (check presented at registration), closing in 30 days, sold as-is, possession at closing, warranty deed, taxes pro-rated and final to day of closing, absolute auction, and subject to a 10% buyer's premium or $25,000, whichever is greater. Kraft Auction Service Jonathan Kraft – 441.001494 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com Sold in conjunction with Jeff Bennett and McColly Bennett Commercial Real Estate

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ABSOLUTE Commercial Real Estate Auction - Lansing, IL

Kraft Auction Service

Kraft Auction Service


Contact: Jonathan Kraft
Phone: 219-973-9240
Sale Location
16831 Torrence Ave
Lansing, IL 60438
Sale Dates and Times
Tuesday Sep 25, 2018 Completed
Sale Terms and Conditions
DOWN PAYMENT:$50,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $25,000, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
Listing Details
Absolute Commercial Real Estate Auction Tuesday September 25, 2018 11:00am CDT Located at 16831 Torrence Ave Lansing, IL. From I80/94 go north .8 miles on Torrence Ave to property on the east side of the road. "Watch for Kraft Auction Signs!" Selling to highest bidder regardless of price is this well maintained commercial building. The building consist of over 89,000 square feet of space and sets on a 10 acre lot. Previously the building was grocery store and closed in the spring of 2017. The buidling features six truck loading docks, electronic entrance doors, and several offices in main building. Over seven acres of maintained paved parking for customers. The property is zoned B-3. Other tenants in the surrounding area include Burlington Coat Factory, Forman Mills, Rainbow, FedEx, Chase, America's Kids, Cititrends, and Dollar Tree. Over 30,000 cars per day travel pass this location and over 250,000 people live within 3 miles of the property. This property has numerous posibities and perfect for any investor. Taxes 2017 Pay 2018: $454,146.00 (currently on appeal). Previously Listed at over $2,000,000, and now will sell to highest bidder regardless of price! Open House: September 18th 10am-12pm. Can't make it? Call for a private showing! Owner: Tilland Partnership Terms: $50,000 non-refundable down payment immediately after auction (check presented at registration), closing in 30 days, sold as-is, possession at closing, warranty deed, taxes pro-rated and final to day of closing, absolute auction, and subject to a 10% buyer's premium or $25,000, whichever is greater. Kraft Auction Service Jonathan Kraft – 441.001494 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com Sold in conjunction with Jeff Bennett and McColly Bennett Commercial Real Estate

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ABSOLUTE Commercial Real Estate Auction - Lansing, IL
 Live Auction
Auction Date(s)
Tuesday Sep 25, 2018 Completed
Auction Location

Lansing, IL 60438
Company
Kraft Auction Service

Contact: Jonathan Kraft
Phone: 219-973-9240
Website: www.kraftauctions.com

Listing Terms and Conditions
DOWN PAYMENT:$50,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $25,000, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
Absolute Commercial Real Estate Auction Tuesday September 25, 2018 11:00am CDT Located at 16831 Torrence Ave Lansing, IL. From I80/94 go north .8 miles on Torrence Ave to property on the east side of the road. "Watch for Kraft Auction Signs!" Selling to highest bidder regardless of price is this well maintained commercial building. The building consist of over 89,000 square feet of space and sets on a 10 acre lot. Previously the building was grocery store and closed in the spring of 2017. The buidling features six truck loading docks, electronic entrance doors, and several offices in main building. Over seven acres of maintained paved parking for customers. The property is zoned B-3. Other tenants in the surrounding area include Burlington Coat Factory, Forman Mills, Rainbow, FedEx, Chase, America's Kids, Cititrends, and Dollar Tree. Over 30,000 cars per day travel pass this location and over 250,000 people live within 3 miles of the property. This property has numerous posibities and perfect for any investor. Taxes 2017 Pay 2018: $454,146.00 (currently on appeal). Previously Listed at over $2,000,000, and now will sell to highest bidder regardless of price! Open House: September 18th 10am-12pm. Can't make it? Call for a private showing! Owner: Tilland Partnership Terms: $50,000 non-refundable down payment immediately after auction (check presented at registration), closing in 30 days, sold as-is, possession at closing, warranty deed, taxes pro-rated and final to day of closing, absolute auction, and subject to a 10% buyer's premium or $25,000, whichever is greater. Kraft Auction Service Jonathan Kraft – 441.001494 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com Sold in conjunction with Jeff Bennett and McColly Bennett Commercial Real Estate