TO BID CLICK ON THE GREEN BOX VIEW ONLINE AUCTION CATALOG OR TO WWW.BIDSCHMID.COM

9.45 + or – Acres No Reserve Commercial Real Estate Auction – Online Only

Wed. March 25^th 9:30AM (Timed Online Auction)

1805 South Fourth St. Effingham IL 62401

Mid Illinois Concrete Inc. is selling its former location at absolute auction with no reserve, after relocating.

Land Use: EM-1 - Effingham Light Industrial, located on South 4th Street with gated access from both Rt. 45 (South Banker), South 4th Street and S. Park St.

2288 Sq. Ft. (44’x52’) Main Office: Features include two half bathrooms, a spacious area suitable for multiple desks, a concrete walk-in fireproof safe measuring 8’4” x 6’ x 5’, efficient hot water floor heating, central air conditioning, several file cabinets, a newer roof, and numerous additional amenities.

10,080 sq. ft. (70’x144’) shop: tall stem walls, overhead doors, air compressor, 5-ton crane (with manuals), service bay pit, drive-through paint bay, restrooms, and an oil-burner heater with about a year’s supply of used oil. The property features approximately five overhead doors, each measuring 14 feet in height by 12 feet in width. 1= 16’tall x 15’wide, 2= 14’tall x 12’wide, 1= 10’tall x 10’wide, 1= 14’tall x 12’wide

7,776 sq. ft. (120’x60’x84’) Steel building, with a 2,304 sq. ft. canopy (24’x96’), includes office space, several large overhead doors, partial insulation, and no bathroom.

295’ x 28’, 8,260 sq. ft Lean-to dry storage

Outside features:

Railroad spur with Canadian National

An unloading pit for Railroad

An approved Railroad Crossing

Winch to pull train cars.

Bins to store rock and other materials.

Underground 10,000-gallon fuel tank

Parcel Numbers: 03-11-029-070, 03-11-029-032 and 03-11-032-145

Property viewings: Wed, March 4, 8:30–11:30am and Mon, March 23, 8:30–11:30am, or by appointment.

Seller’s Attorney

Pamela J. Apke

Law Group of Illinois LTD.

307 N Third Street

Effingham, IL 62401

(217) 347-0555

Fax: (618) 283-3037

Property and building measurements: All building and door measurements are estimates and should be verified by buyers. While we measured several structures, errors may occur; therefore, the auction company and sellers are not liable for inaccuracies.

Bidding Method: Auction is by the TRACT not by the acre.

Bid extension: If a bid is placed on the real estate with less than 3 minutes left, 3 additional minutes will be added to that tract's auction time. The auction will begin to close on Wed. March 25^th @ 9:30am

Bidding Increments: $1,000 per acre bid increments. The purchase price is fixed, regardless of future surveys.

Down Payment & Closing: A down payment equal to 10% of the total purchase price is required on the day of the auction or the subsequent day. The remaining balance must be paid at closing, which is scheduled approximately 40 days after the auction. The down payment will be held in escrow by The Law Group Ltd. In the event of buyer default at closing, the seller will retain the 10% down payment.

Purchase Agreement: All successful bidders are required to execute purchase agreements on Wednesday, March 25th or Thursday, March 26th. Agreements may be completed either in person or through DocuSign.

Condition: Real estate is sold “As Is.” Buyers should independently inspect and verify all details, as maps and measurements are only estimates. The auction company and sellers are not responsible for any inaccuracies.

Announcements: Auction day announcements take precedence over printed materials.

Liability: Schmid Auction and Mid Illinois Concrete Inc. disclaim any responsibility for accidents. Successful bidders are prohibited from moving items onto the property or occupying it until the real estate transaction has been finalized.

Buyer is responsible for all loan-related fees, recording the deed and mortgage, half the settlement fee, date down search, and wire fee. Seller covers deed preparation, transfer stamps, owner policy fees, initial search fee, half the closing fee, and document preparation. Taxes will be prorated as of the closing date.

Your Opportunity to Own Prime Effingham Illinois Commercial Property!