Name REAL ESTATE: Pearls Pub - 105 N. 4th Street, Auburn IL
Auctioneer Ben Ladage Auctions
Type Online-Only Auction
Date(s) 2/21/2022 - 3/21/2022
ONLINE AUCTION DATE: Monday March 21st, 2022 - 7pm cst Bidding will be held online at www.benladage.com
Preview Date/Time OPEN HOUSE DATE: Sunday March 6th, 2022 - 2 pm - 3 pm Property can also be viewed by private showing by contacting 217-652-0924
Checkout Date/Time www.benladage.com
Location Pearls Pub 105 N. 4th Street
Auburn, IL 62615
Buyer Premium A 5% Buyer Premium apply to the high Bid
Description
REAL ESTATE: Pearls Pub, Auburn IL 105 N. 4th Street, Auburn IL 62615 Commercial Property REAL ESTATE AUCTION ONLINE BIDDING! The following real estate Located at 105 N. 4th Street, Auburn IL 62615 will be sold ONLINE ONLY. Located on the east side of the Auburn Square near the corner of N. 4th Street & W. Madison Street ONLINE AUCTION DATE: Monday March 21st, 2022 - 7pm cst Bidding will be held online at www.benladage.com OPEN HOUSE DATE: Sunday March 6th, 2022 - 2 pm - 3 pm Property can also be viewed by private showing by contacting 217-652-0924 Real Estate: Located on the east side of the Auburn Square near the corner of N. 4th Street & W. Madison Street This property is featuring: A turn-key commercial bar located on the square in Auburn. This brick building has Appox. 1,000 Square Ft. on the main floor of commercial space. Bar, Bar back, fridges, coolers, 3 hole sink with all contents of the building included. (Gaming machines, ATM, and Change Machine not included in sale of property.) Has 2 bathrooms and basement. Includes: 3 compartment sink, U-Star upright sliding door fridge (53"w X 72"T X 30" deep), True Chest 64"w X 27" Deep X 32" Tall, Signature Fridge, Pool Table, Beer signs, Beer Lights, and More Does have a walk in cooler, but it is not currently operational. Does have a galley kitchen. Building thought to have been built in 1920's?, Does have a rubber roof, unsure on date of roof/ 69' x 162' Lot and Building Size POTENTIAL! Come and look!! Seller Note: Family states no known issues with the building. Building is older and needing some TLC in some areas. ITEMS BEING SOLD: BUILDING & CONTENTS ONLY Property is being sold "as is", in its present condition with no warranties either expressed or implied. Tax ID#: 34-10.0-255-009 Lot size: 22" W x 110' Long Legal Description: Bucks Addn. N 22' W 110' S 2/3 L 3 B 9 2020 Taxes: $977.10 Terms: 10% down the evening of the auction with the balance due at closing in 30 days. Financial arrangements must be made prior to bidding at the auction and a bank letter of credit may be required to accompany the final bid. Buyer will be required to sign into a written contract at close of auction. Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and reserves the right to accept or reject any or all bids. A 5% Buyer Premium will apply to the high bid Please have all financial arrangements & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Bernard G. Segatto III & Prairie Land Title of Springfield, IL will handle all title work & closing. Auctioneer & Seller ask for lead base paint, Mold, Radon inspection wavier. Please Read Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions. Want to bid but don't know how? No Problem, contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or accept phone bids as well! The auction is a soft close auction which means that it starts to close at the time stated, however if someone has placed a bid in the last 3 minutes, then this item will stay open for 3 more minutes. This will continue until time is out. Linda Pearl Price Estate Estate Administrator: Lloyd Ray Kirkpatrick Ben Ladage, Broker Office Phone - 217-652-0924 Managing Broker: Derek Long Auction Service Go to www.benladage.com for pictures! Property can also be viewed by private showing by contacting 217-652-0924 Property Sold As-Is not subject to inspection Property to be sold with Sellers Approval A 5% Buyer Premium will apply to the high bid. Contact Ben Ladage Auctions 217-652-0924 or email auctions@benladage.com with any questions
Auction Terms & Conditions Terms: 10% down the evening of the auction with the balance due at closing in 30 days. Financial arrangements must be made prior to bidding at the auction and a bank letter of credit may be required to accompany the final bid. Buyer will be required to sign into a written contract at close of auction. Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and reserves the right to accept or reject any or all bids. A 5% Buyer Premium will apply to the high bid Please have all financial arrangements & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Bernard G. Segatto III & Prairie Land Title of Springfield, IL will handle all title work & closing. Auctioneer & Seller ask for lead base paint, Mold, Radon inspection wavier. Buyers Agent Note: We will work with a buyers agent on this Real Estate. Contact Ben Ladage Auctions 217-652-0924 or email auctions@benladage.com with any questions. Ben Ladage Auctions Inc. Terms & Conditions We do everything possible to make our auctions fair and transparent. 1. Before bidding on-site, online or by proxy at Ben Ladage Auction Inc. auctions, you must read and accept the Terms and Conditions of Bidding. Read these terms carefully. When you sign your Bidder Registration Agreement, bid live at auction or click the "accept" button online, you enter into a binding legal agreement with Ben Ladage Auctions. 3. All bids submitted to Ben Ladage Auctions are final and irrevocable, whether they are submitted in person, online or by proxy. If you are the highest bidder and the auctioneer announces the lot as sold to you, you are the new owner of that item. All sales are final. 4. Ben Ladage Auction sells each and every item "as is, where is." We make no representations or warranties with respect to the items in our auctions. We recommend that you visit the auction site to inspect any items you'd like to buy before bidding on auction day. You may also send someone to the site to conduct the inspection on your behalf. 5. Ben Ladage Auctions expressly forbids owners and their agents from bidding on any item they have consigned to an auction. This applies to on-site, online and proxy bidding. 7. Registration to bid is free. Ben Ladage Auctions reserves the right to refuse the issuing of a bidding cards auction service, and overall business if we see fit. 8. An administrative fee (or listed as BP) on all online purchases A. This administrative fee applies to on-site, online and proxy purchases. 12. Ben Ladage Auctions Inc. are not responsible for any human or computer errors. 13. All announcements made on sale day shall supersede any prior advertisements. Items sold as is where is with no guarantee unless otherwise stated prior. 14. Any items being sold with a description in regard to condition, age, rarity, origin, etc. are descriptions of opinion only. The bidder accepts full responsibility in determining the value and/or authenticity of the merchandise being sold. All items sold "AS-IS", "WHERE-IS" with no warranties implied. Shipping will be have to be arranged by buyer Items are sold "as is" with no warranty and that items may not be returned. The auctioneer is not responsible for any errors or omissions in the description of the merchandise. The auctioneer is not responsible for any internet services fails. The auctioneer is not responsible for any missed bids from live, internet, absentee, phone, or simulcast bids 17. When you register with Ben Ladage Auctions you allow us to use your provided email address, mailing address, and phone number for marketing information. We will not sell your information. Opt-Out is availabe on all marketing. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 250.00 USD
1,000,000.01 - 5,000,000.00 500.00 USD
5,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium A 5% Buyer Premium apply to the high Bid
Payment Terms
Terms: 10% down the evening of the auction with the balance due at closing in 30 days. Financial arrangements must be made prior to bidding at the auction and a bank letter of credit may be required to accompany the final bid. Buyer will be required to sign into a written contract at close of auction. Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and reserves the right to accept or reject any or all bids. A 5% Buyer Premium will apply to the high bid Please have all financial arrangements & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Bernard G. Segatto III & Prairie Land Title of Springfield, IL will handle all title work & closing. Property to be sold with Sellers Approval