Online Commercial Real Estate Auction

Auction Ends  March 5th @ 1:00PM

Address: 909 Brown St, Alton, IL 62002

Explore the potential of owning a commercial property in Alton, IL! Strategically located near the hospital, this building offers convenience and visibility. The asphalt parking lot ensures ample parking space for clients or customers, while the prominent post sign along the road enhances visibility. Ideal for small businesses, seize this opportunity to establish your business presence in Alton IL. Don't miss out on this versatile property perfectly suited for your entrepreneurial aspirations!

AUCTION TERMS AND CONDITIONS -

Bidding information: This is an internet-only auction. All bidding is online. Property sold AS-IS.
Seller reserves the right to accept or reject the high bid. More information about the online
bidding process will be provided before bidding begins on Feb 23,2024.
If you are unsure of your internet being reliable you are welcome to join us at our Sparta
Office the morning the auction closes.

Registration: Proper and complete registration is required to bid. All bidders must provide name,
address, phone number and email address to register - To complete the bidding process
Property Peddler will require a copy of state ID - This can be sent to Property Peddler by
emailing to info@propertypeddler.com or we will call to request it before approving to bid. By
registering, all bidders acknowledge having read and agree to be bound by the Auction Terms
and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole
discretion. Buyer should register as early as possible to obtain information about the property
and increase the likelihood of being notified of any pertinent changes that take place before the
auction.
It is recommended to be preapproved to bid at least 24 hours before the auction closes. The
sooner for registration the better to stay in the loop on changes that may arise concerning
the property. Contact us at 618-473-2500 with questions.

Co-Broke Offered: Property Peddler Inc is offering a co-broke commission of 2% to the Sponsor
Broker who has a Broker that registers a client for the auction and they are a successful bidder.
The agent must register the client, and show them the property before the client registers for the
auction or is shown the property by a Property Peddler Agent. The broker can reach out the
auctioneer brad@propertypeddler.com / 618-791-3289 to get the form to register a client. All
Terms and Conditions of the auction will apply and if the winning bidder will sign on on the sales
contract that is prepared by Property Peddler, and can be reviewed by the registering broker
ahead of the close of the auction.

Contract: Winning bidders will sign in person or electronically the auction sales contract
immediately after the sale.

Earnest Money: The day of sale, the approved high bidder will deposit a non-refundable
payment of 10% down - deposited with Town and Country Title . Any stop payment order of a
check or giving a check which is returned marked “insufficient funds,” shall be deemed by the
parties to be evidence of fraud existing at the time the transaction was consummated and shall
be construed by the parties as intent to defraud.

Closing: On or before April 5th, 2024.

Closing Cost: Buyer shall pay the purchase price, plus any customary closing costs. The closing
costs may include but are not limited to the following: escrow/closing fees, recording fees,
normal pro-rations, and/or document fees such as later date charges or wiring fees brought on
by the title company.

Title Company: Town and Country Title

Taxes: Taxes will be prorated to the day of closing.

Mineral Rights: Any mineral rights owned will sell with the property. No mineral search
performed. It is assumed that mineral rights have been detached from the property.

Possession: Day of closing.

Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not
contingent on appraisal.

Survey: No survey provided - selling by legal description.

DISCLAIMER AND ABSENCE OF WARRANTIES: Subject to prior sale. Subject to all
easements, covenants, and restrictions on record. All information contained herein, and all
related materials are subject to the terms and conditions outlined in the agreement to purchase.
The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation,
either expressed or implied, concerning the property is made by the Seller(s) or the auction
company. Each potential bidder is responsible for conducting his or her independent
inspections, investigations, inquiries and due diligence concerning the property. The figures,
estimates, and drawings of acreages and boundary lines in the printed material or on the
website are approximate and are not guaranteed. The information provided here is believed to
be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction
company or their agents assume no liability for its accuracy, errors or omissions.
It is the responsibility of each bidder to make sure that the Auctioneer is aware of his or her
intent to place a bid. Auctioneer disclaims any liability for damages, whether direct, indirect,
consequential, or incidental, resulting from bids not spotted, executed, or accepted. Bidders
should also be careful to bid on the correct item and ensure that his/her bid is for the amount
intended. Auctioneer is not responsible for errors in bidding, and Buyer hereby releases the
Auctioneer and waives any claims for bidding errors. The sale is complete when the Auctioneer
so announces in a customary manner. The auctioneer is not responsible for errors in the
internet connection or the functioning of the computer system at that time.
Conduct at the auction and increments of bidding are at the direction and discretion of the
Auctioneer. The seller and auction company reserve the right to disqualify or refuse any bid
from the person if there is any question as to the person’s credentials, fitness, etc. All decisions
of the Auctioneer are final, and all announcements made the day of the sale by the Auctioneer
will take precedence over printed or spoken information made prior. The Auction Company
reserves the right to bid. Auctioneer has the right to cancel the auction. Property Peddler Inc.,
staff and agents work for and are agents of the Seller Only in an auction situation.
Auction Company IL Lic. # 444.000622
Auctioneer Brad Chandler, IL Lic. # 441.002105,
Broker License # 475.16227

P#754A

LISTED by Property Peddler Inc.   

Auctioneer/Broker Brad Chandler 618-791-3289

Designated Managing Broker Brenda Chandler 618-201-3947