DATE CHANGED !!!!
DOWNTOWN SPRINGFIELD OFFICE BUILDING, LOT & BUSINESS EQUIPMENT
ABSOLUTE AUCTION !
BIDDING IS NOW OPEN: We will be selling 2 Lots and the Business Equipment. Just Click on the "VIEW TABS" Button on the Left.
Auction begins to end on Wednesday July 23 2014 @ 3:00 pm
OPEN HOUSES ARE SCHEDULED FOR SUNDAY JULY 13 2014 @ 1:00 pm
AS WELL AS SUNDAY JULY 20 2014 @ 1:00PM
*CHANGED* PICK UP: THURSDAY JULY 24 2014 12:00 PM - 4:00 pm
Description of Lots
Lot 1: Ending at 3:00 pm - 901 South Spring St. This building is sitting on two parcels. Parcel 1 # 14-33.0-433-15 / Parcel 2 #14-33.0-433-016. The subject building was constructed with quality material in 1962 and has been adequately maintained. The building is a 2-story masonry office building plus a full basement. This building has 10,698 square feet above grade, featuring a large meeting space on the second story. This property is zoned R5 and sits in the middle of a general residence and office district.
The city of Springfield has adopted a zoning ordinance in 2001 which eliminated a parking spot per square foot of floor area regulation.
There is a full basement used for mechanicals and storage of 5,350 square feet. This building was designed and constructed for the PTA. The second floor meeting space was designed in 1982 for the Faith Christian Church which eventually moved out. This building has a public entrance on the front of the building with a private rear entrance at the Southwest corner. There is also a concrete exterior stairwell on the south side of the building adjacent to the asphalt parking lot which has 8 spaces. this parking lot continues to an asphalt driveway that runs along the West property line and opens onto Canedy St. The exterior walls are brick veneer over concrete block with a steel structure and concrete floors on metal pan supported by bar joist. The windows were replaced in 1998. The building has a built-up tar & gravel roof serviced by Henson Robinson.
This building has a gas boiler - so the building is heated by circulating hot water disbursed to two air handlers (1-2nd fl/1-bsmt). The building is air conditioned through a water cooling tower (installed in 2005) disbursed by the two air handlers. The electrical service is (500 amp) is in conduit with extra space for additional runs.
Lot 2: Ending at 3:30 pm - 900 South College St. This lot is an unimproved vacant grass lot located on the corner of College and Canedy.
Business Equipment Catalog: Ending at 4:00 pm - Lots include desks, shelving, safes, fixtures, banquet chairs, collapsible tables, refrigerators, de-humidifiers, and more.
There is a 10% Buyers Premium added to the total bid price of items (Real Estate Included).
Please click the "Ask the Auctioneer" button if you have any questions.
ONLINE ONLY BIDDING
PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY
PRIOR TO BIDDING ON ANY PROPERTY
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS
PLEASE DO NOT BID
BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY
UNDER THE FOLLOWING TERMS AND CONDITIONS:
UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and required to fully and correctly complete and properly sign without any modifications and return the completed, signed contract to Aumann Auctions, Inc. by email, fax, certified mail or delivered in person by 12:00 noon of the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to provide a non-refundable earnest money deposit of 20% of total purchase price by 12:00 noon on the day following the auction. Time is of the essence with regard to this contract and earnest money deposit. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions and escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees.
Successful bidder not executing and returning the completed contract and earnest money deposit by 12:00 PM the day after the auction will be considered in default. Time is of the essence with regard to this contract. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.
SELLER: Illinois PTA, Springfield, IL
Both the Successful Bidder and Seller shall indemnify Aumann Auctions, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.
REAL ESTATE TERMS:
• BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the property.
• DATE OF CLOSING: The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing.
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specified.
• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller.
• CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for
conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents or Representatives. Buyer and or
Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
• DISPUTES: Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.
PERSONAL PROPERTY TERMS:
Everything is sold 'as is' with no warranty. There will be a 10% Buyers Premium charged to the winning bid to determine a total price of purchase.
BIDDING AND REGISTRATION INFORMATION
BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Aumann Auctions, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from
bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
MAXIMUM BID: When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.
AUCTION END TIMES: Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Aumann Auctions, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.