Click on green box view online auction catalog or go to www.bidschmid.com to bid.

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

Thurs. March 19th 1:00pM (Timed Online Auction)

9172 E. 1050th St. Robinson, IL 62454

Howard and Marianne Bilyew have retired and will be offering the former Superior Welding property for sale through an online timed auction with no reserve.

Legal Description:  BEG 620' E SW COR NW SEC 32-7-12; N 530' E 365' S 420.25' W 39.6' S 110.1' W 321.6' TO POB CONT 4.33

4.33 commercial acres on St. Rt 33 (1050th St.).

7,200 Sq. Ft. Steel-framed building (60' x 120', built in 1988-89) with three 14' x 14' overhead doors and two 14' x 20' bifold drive-through doors.  Door openers are required for operation of the bifold doors. 3 inch pipe for air powered compressors and tools, 2 natural gas radiant heaters in insulated shop, 20’ side walls, 6” concrete in shop for heavy equipment, Ameren Electric, 220 3 phase power, IL State approved Class X concrete entrance, 30,000 Sq. Ft. of with rock 8” deep for heavy equipment, Oblong Water, 1,440 Sq. Ft. of 2-story office w/2 half baths w/conventional HVAC. Parcel ID 05-1-32-000-002-001

Property viewings: Thursday, March 5th from 9:00 a.m. to 11:30 a.m., and Wednesday, March 18th from 8:30 a.m. to 11:30 a.m. Viewings may also be arranged by appointment.

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 Thursday, March 19^th at 1PM.

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 at the Title Co. 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 Thurs. March 19th or Fri. March 20th. 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, Howard and Marianne Bilyew or Superior Welding 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 Crawford County Commercial Property!