Title work, Closing, Deed Preparation, and Escrow services will be provided by Niebruggie-Reimers & Imbrugia, LLC in Effingham, Illinois at buyer’s expense. Successful buyer must deposit escrow funds with Niebruggie-Reimers & Imbrugia, LLC as required by the Terms & Conditions of the auction. The successful buyer will be required to submit a deposit equal to 10% of the purchase price, including the buyer’s premium with the Escrow Agent (Niebruggie-Reimers & Imbrugia, LLC) by certified funds or wire transfer, and enter into a real estate purchase contract within 24 hours of the close of the auction. The cost of any inspections shall be paid by the buyer. Real estate taxes shall be prorated at the time of closing. Buyer shall be responsible for purchase price, including buyer's premium, and all closing costs.

The property offered consists one parcel of approximately 3.01 acres. This property is situated along US Highway 45 approximately 4 miles south of the Effingham city limits. This property affords a new owner approximately 700 feet of road frontage including high visibility frontage on US Highway 45. The property is approximately 1 mile from S45/IL37, 3.5 miles from the Effingham County Airport, and under 3 miles straight line from I57 Exit 151 (Waston). This property is being sold to the highest bidder without reserve, with a starting bid of $120,000.00 This property includes both commercial and residential improvements. Currently, there are three separate residential structures and one commercial structure on the property. All the residences are currently used as income-producing rental units and are all currently occupied. The commercial building is used for minor storage, and can utilized for whatever the new owner has in mind. The site does have 3 phase power by Ameren and water by EJ water. The commercial building features a commercial front entrance, rear concrete loading dock and several overhead doors in approximately 9,000 square feet. The entire parcel is approximately 3 acres. While this offering is being conducted as a real estate auction, this property offered does include fixtures such as lighting, air conditioners, heaters, and permanent propane tanks, but does not include any business or personal property currently stored in the facility. All interested bidders are encouraged to personally inspect the property. Previews and inspections are by appointment only. Please call Jerry at (217) 343-3915 or Matt at (217) 343-3400 to set an inspection appointment.