Comerical Property Real Estate Auction Dekalb IL May 27, 11:00 AM

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SOLD $ 149.00

COMMERCIAL REAL ESTATE AUCTION

THE FOLLOWING REAL ESTATE WILL BE OFFERED AT AUCTION HELD ON SITE AT 200 SOUTH POINTE DRIVE, DEKALB, ILLINOIS. 1MILE SOUTH OF DEKALB, IL ON RT. 23 TO GURLER ROAD, THEN WEST ½ MILE TO ENTRANCE.
TUESDAY MAY 27th at 11:00 a.m.
THIS PROPERTY WILL SELL TO THE HIGHEST BIDDER AFTER OPENING BID OF $50,000.00
11.52 acre commercial property Will be offered as 2 parcels.
Parcel #1 , Known as lot 6, Tax ID #11-03-177-004, 4.5 acres, zoned general commercial in the city of Dekalb, Il., known as the South Pointe Center Banquet Facility. The building has approved seating for 900, with 3 divided rooms,, 3 working liquor bars, walk-in cooler and freezer. Fully equip commercial kitchen. This parcel has a large paved parking lot, basement, office area. The parcel has city water, sewer and natural gas. . It will be sold with all banquet items from 540 stacking chairs, 80, Eight top 60” tables, folding table, 4 top square tables all water, wine glasses, service for around 400 china, cups, saucers, banquet plates, all the flatware banquet trucks, 400 stainless steel plate covers, Hatco Chef System cook and hold ovens, Auto sham slow cook ovens. All of the Banquet items sell with the property. Taxes are $15,492.00.
Parcel #2 , Know as lots 4 &5, Tax ID # 11-03-177-001 & 11-03-176-005, 7.02 acres, zoned general commercial and multiple housing in the city of Dekalb, Il. This parcel has a 6,000sq.ft. Masonry Building now used as a maintaince facility with over head door. An aditional 2 story building has 11,000 sq.ft. On each floor and has been closed for 20+ years with no heat or other utilities and is in need or major renovation or tear down. The parcel if vacant would accommodate 58-64 multiple housing units. Taxes are $6,859.00. Property can be shown by contacting Auctioneers at 815-739-3771. TERM’S FOR AUCTION: This property will sell to the highest bidder after receiving a total bid on the combination of $50,000.00. We will offer parcel #1, then #2. hold the bid, add them together, then offer a combination of both parcels #1 and #2. If no bids are made on the combination, we will then go back and open parcels #1 and #2. If a bid is made on the combination, that’s the way the property will be sold. $10,000.00 DOWN ON EACH PARCEL ON AUCTION DAY. BALANCE DUE ON OR BEFORE June 27th 2014. A 10% BUYERS PREMIUM WILL BE ADDED TO THE FINIAL BID TO DETERMINE THE FINAL CONTRACT PRICE. Property being offered As-Is, with out any contingencies to financing, appraisal or any other type of contingencies. Sellers will pay for deed preparation and title commitment for sellers. Taxes are to be Pro-Rated to closing date. Announcements made auction day take precedence over all other. Lots of great pictures on our web site at www.almburgauctions,com
Almburg Auctioneering, Malta, Il 815-739-3771 or 815-739-3703

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