7207 Griggs Rd
Red Bud, IL 62278
ONLINE LAND AUCTION - Commercial Storage · Land For Sale · 1.00 AC

Address:7207 Griggs Rd, Red Bud, IL 62278 ONLINE AUCTION - March 5th 2024 - 10 am 1 +/- acre Building site - Red Bud School District - Currently consists of multiple buildings 60 x 100 shed, 50 x 60 building with office space or living storage, 25 X 40 Building was originally the Griggs store - has heating. Property is mostly rocked and has a well, electric, and septic. Container box will sell with the property which also has electric running to it. The home was taken down a few years ago. Square Footage finish office space - 1168 Lot Size: 1 AC (source: County Records) Heating: Gas Cooling: Electric Roof: Metal Utility Providers: Water ~ Well Sewer ~ Aeration service by Kohnen - still has service contract Electric ~Egyptian Electric Gas ~ Propane, Gateway FS Garage: 60 x 100, 50 x 60, 25 x 40 School District(s): Red Bud School District Drive Times: Scott Air Force Base - 44 Min Red Bud IL - 6 Min Sparta IL - 14 Min Title company: Randolph County Abstract Directions: This property is just north of the intersection of 154 & Griggs Road between Baldwin, IL & Red Bud, IL Legal Description: Deed to govern Parcel(s): 09-027-004-00 Taxes: 2022 - $1,271.62 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 to 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 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 Randolph County Abstract. 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 May 24th 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: Randolph County Abstract 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. Subject to leases that end June 1st 2024 Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not contingent on appraisal. Survey: No survey provided - selling by legal description. SUBJECT TO COMPLETE TERMS & CONDITIONS