Name Twin River Campground Real Estate Auction - St Anne, IL
Auctioneer Kraft Auction Service
Date(s) 11/28/2017
Location 4112 Youth Camp Rd
Saint Anne, IL 60964
Buyer Premium 10% or $3,500, whichever is greater
Description
Twin River Campground Real Estate Auction Tuesday November 28, 2017 6:00pm CDT Property located at 4112 Youth Camp Road St. Anne, IL. From downtown Aroma Park, go south on Bridge Street 1 mile to 3660 S Road and turn west. Go .4 miles to property on north side of the road. Auction will take place at the Aroma Park Boat Club: 199 Boat Club Road Aroma Park, IL. Up for auction is an outstanding recreational property with unlimited potential. This property consists of two parcel consisting of 66.9 acres of land in total with over a half mile of river frontage where the Iroquios and the Kankakee Rivers meet. The property is also in the six mile pool of navigable river. The 66.9 acres consists of wooded riverfront property and a full campgrounds area. The campgrounds consists of 48 RV rental sites. On the property to make it a fully fuctional campgrounds it also has an outdoor bathroom buidling, picnic shelters, basketball courts, volleyball court, baseball field, office building, small storage buildings for equipment and a large 8000 square foot steel buidling. All major utilities (electric, water, and sewer) are on the property and were done by previous owner at a $1.2m cost. Their loss is your gain! Outstanding potential for anyone to buy this great property. It could be kept as a campground for profit or a perfect retreat location for a school or church. Also the property would make the perfect place for potential homes on the beautiful waterfront. This property is an outdoor lovers dream property. It truly has it all! Minimum Opening Bid: $400,000 Previously Listed For $1,500,000 Open House: November 18th 2:30-4:30pm. Can't make it? Call for a private showing. Owner: Peoples Bank of Kankakee County Terms: $50,000 non-refundable down payment, closing on or before December 28, 2017, sold as-is, warranty deed, possession at closing, taxes pro-rated and final at closing, minimum opening bid $400,000, and subject to a 10% buyer's premium. Kraft Auction Service LLC Jonathan Kraft - 441.001494 219-973-9240 - info@KraftAuctions.com KraftAuctions.com Sold in Conjunction with McColly Bennett Real Estate and Jeff Bennett
DOWN PAYMENT:$50,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, 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. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property. APPROVAL 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. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
Currency USD
Buyer Premium 10% or $3,500, whichever is greater
Payment Terms
DOWN PAYMENT:$25,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, 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. BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property. APPROVAL 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. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.