55 Acres Residential Development in Madison County, IL
Lot Number:1
Start Time:7/22/2020 9:00:00 PM
End Time:8/10/2020 5:30:00 PM
Bid Count:1
Current High Bidder:5****1
Starting Bid:$100,000.00
Bid Increment:$5,000.00
Current Bid:$100,000.00
Bidding complete

Property Address: 3601 Cargill Rd, Granite City, IL

55 +/- acres – A possible Residential Development Site.  Property consists of 19 +/- tillable acres with a soil PI of 111.2 and 32+/- acres fenced with chain link that was a prior grain elevator site. There are also approximately 2 +/-  acres consisting of 7 lots that adjoin the Legacy Golf Course.This property could be a nice investment.  With the property located near Grigsby Intermediate School and a golf course, there is a possibility for future development. There is access off Cargill  Road and Alton Street dead ends on the north side of this property.  The property lays between railroad tracks and Cargill Rd.

School District:  Granite City Community Unit School District # 9

Possession: at closing no farm lease in place.

Zoning:C-6 PUD with R-1 use.

Parcel numbers: 22-1-20-10-00-000-010 & 22-2-20-10-00-000-123, -124, -125, - 126, -127, - 128, -129

Legal Description: Part of Sec 10, T3N - R9W

No donations for this lot

Registration - Online Bidders: Proper and complete registration is required to bid. All bidders must provide name, address, phone number and email address to register. A registered online bidder will then be qualified by the auctioneer to continue; bidder will be asked for a copy of state-issued ID and must be at least 18 years of age. Credit card verification is required to bid online. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price. Deposit must be wired by the close of business next day. Credit card will not be charged unless Winning Bidder fails to complete the contract signing process and required wiring, then $1000 will be charged to the credit card provided at registration. 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. Online bidders must be verified 24 hours in advance of the live auction. Buyer should register as early as possible to obtain information about the properties and increase the likelihood of being notified of any pertinent changes that take place before the auction.

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

Earnest Money: Within 24 hours of close of bidding, the approved high bidder will deposit a non-refundable payment of 10% down - deposited with the title company of choice from the seller. 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 September 10th, 2020

Mineral Rights: Any owned will sell with the property. No mineral search performed.

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

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. Conduction 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 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. Auctioneer has the right to cancel the sale. Auction Company reserves the right to bid. Property Peddler Inc. and their agents work for and are agents of the seller only in an auction setting.

United States

Auction Extended Due to New Information!

Contact Brad Chandler for Title Work and Updated Info at (618) 791-3289

55 +/- Acres in Madison County, IL - Online Only Auction

Property Address: 3601 Cargill Rd, Granite City, IL

Auction Begins: July 22nd at 4:00pm

EXTENDED - Auction Ends: August 10th at 12:30pm