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SOLD

Real Estate Auction - Equine Facility, Residences & Industrial Lots Still Available!
Mon, Mar 18, 2013
East Moline, Illinois - Rock Island County - Quad Cities

Owner: Armstrong Stables - Dallas Armstrong 309-236-9675



SOLD FOR $100,000

Equine Facility, Residences & Industrial Lots Still Available! • 5 Homes • Horse Facility • 17 Acres Zoned Industrial 1 • Great Investment • Multiple Real Estate Possibilities


OPEN HOUSE/INSPECTION DATES
Friday, February 15th, 3-6PM
Saturday, February 16th, 10AM -2PM
Sunday, March 17th, 1-4PM

PROPERTY LOCATION
From the intersection of I-80 and IL 5 & 92 (Exit 4) take IL 5 & 92 West approx. 1 mile to 179th Street then south 1/4 mile to TRACTS 1 & 2. FOR TRACTS 3-7 continue past 179th Street on IL 5 & 92 approx. 1/4 mile to these parcels on the south side.

AUCTION LOCATION
Hampton Heritage Center. 251 S. State Avenue, Hampton, IL 61256. Approx. 5 miles south of I-80 at Exit 1 on SR 84/State Ave.

PROPERTY DESCRIPTION
ONLINE BIDDING:

You may bid online during the auction at www.schraderauction.com. You must register by March 4th to bid online. For information on registering for online bidding, call Schrader Auction Company at 800-451-2709.

Consider combining TRACTS 3-7 for 17+/- acres with income potential and endless opportunities!

TRACTS 3-7 are all zoned I-1 light industrial.

TRACT DESCRIPTIONS
Tract 1: 1± ac 1408 179th Street North, East Moline, IL. 1 acre with a 2630 sq. ft. home. The home was renovated in 2006 and has 5 bedrooms, 2 baths, custom made kitchen and great room. Also situated on this parcel is a 72ftx42ftx17ft Cleary pole barn built in 2007. Purchase this tract by itself or combine with TRACT 2 for a horsemans dream.
Tract 2: 5.2± ac with a 380ftx80ft Cleary pole barn built in 2002. 45 John Lyons (Horsemans Choice) stalls with ag lime base. An excellent 270ftx60ft arena with ag lime base as well. Insulated roof, plenty of access doors, tack rooms, customer viewing room and much more. Dont go try to duplicate this facility anywhere else!
Tract 3: 2± ac 17414 & 17410 Rt. 5 & 92, East Moline, IL. 2 acres with 2 homes. A 2308 sq. ft. 2 story Dutch colonial home and a 1478 sq. ft. ranch home. Also situated on this tract is a 46ftx25ft 4 stall horse barn. Consider this parcel in a great location with income producing capabilities.
Tract 4: 3± ac 17406 Rt. 5 & 92, East Moline, IL. 3 acres and a 2 bedroom, 936 sq. ft. home, and a 24ftx14ft garage. Investigate this potential!
Tract 5: 1.7± ac (Swing Tract) This tract contains 1.7 acres of land and must be purchased in combination with TRACT 4 or TRACT 6.
Tract 6: 1± ac 17220 Rt. 5 & 92, East Moline, IL. 1 acre with a 1344 sq. ft. home that was completely remodeled in 2011. New roof, siding, windows, kitchen, bathroom, mechanicals! Excellent condition in a wooded setting.
Tract 7: 9.2± ac excellent access and endless possibilities.



INTERACTIVE MAP

TRACT MAP(S)



AREA MAP(S)



PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts subject to swing tract limitations, and as a total 24.8+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at 30 days after closing.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing. PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only. AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.