"NO RESERVE" AUCTION
REAL ESTATE AUCTION TO BE HELD AT THE PAR-A-DICE HOTEL CASINO LOCATED AT 7 BLACKJACK BLVD. EAST PEORIA, IL 61611
MONDAY, NOVEMBER 19, 2012 - 6:00P.M.
Day 1 - Attention Investors! Unprecedented Real Estate Auction
Mark your calendars and make plans to attend this complete and total liquidation of JKG Enterprises. All 13 commercial real estate properties will sell at unreserved public auction, regardless of price. Parcels are generally located along SW Adams, SW Jefferson, SW Washington and South Western Avenue.
Investors are strongly encouraged to take a look at this unprecedented opportunity to purchase large warehouses, shops & business locations, automotive shops, residential apartments, along with a restaurant. Some of the properties are vacant while others have very attractive rental incomes. As stated above, all properties will positively sell to the highest bidder.
For more information, contact the auction company by telephone or email, or log on to www.sullivanauctioneers.com for additional photos and lots of information. The real estate auction will be held at the Par-A-Dice Hotel Casino at 7 Blackjack Blvd. East Peoria, IL on Monday evening, November 19 at 6:00P.M.
JKG ENTERPRISES - SELLER
Representing & Closing Attorney: Joseph P. Gilfillan of Cusack, Gilfillan & O'Day, LLC, 415 Hamilton Blvd. - Peoria, IL 61602 - Ph: 309-637-5282
Parcel 1 - 2500-2510 SW Adams St.
Commercial warehouse with office areas. This property currently has multiple renters which makes it a very attractive, income producing property. Tax records show the main level of this building having 11,160 sq. ft. (Please Note: The 1:00P.M. Personal Property "Surplus" will be held at this location).
Parcel 2 - 3113 SW Washington / 3100 SW Adams St.
Premier Peoria, IL commercial property. Unlimited possibilities with 2 independent buildings. Frontage on Washington St., Adams St., Western Avenue and Spruce St. Large parking areas, very attractive buildings and much more. Check out this income producing property! Tax records indicate 6,240 sq. ft. in the building that faces Washington St. (3113 SW Washington). The building that faces SW Adams St. has approximately 3,200 sq. ft. (3100 SW Adams St.) This property is currently under a "rent with the option to purchase" agreement. Call the auction company for details.
Parcel 3 - 2016-2018 SW Adams St.
Well kept and very universal property which would be ideal for many purposes. Large shop area with office space and large storage rooms. Check it out! Tax records indicate approximately 7,400 sq. ft. in the building. Having recently been used as the "Garrott Garage" car museum. It is now unoccupied and has no renter.
Parcel 4 - 432 South Western Avenue
Attractive and well-kept commercial location along South Western Avenue. This property is currently under a rental agreement. Tax records indicate approximately 1,800 sq. ft. in the building.
Parcel 5 - 1911 SW Washington St.
High traffic commercial location along SW Washington St. which would be ideal for many types of businesses. Taxes records indicate 12,278 sq. ft. in the building. This property is currently occupied with a long time renter.
Parcel 6 - 1901 SW Adams St.
This property not only has the potential for multiple renters, but also a vacant lot which is encompassed by a chain link fence. There is an office area which faces Adams St. as well as two separate automotive shop areas. Check out this income producing property that has also served as the JKG Enterprises headquarters. Tax records indicate approximately 6,420 sq. ft. in the building. (Please note: the 9:00A.M. Personal Property auction will be held at this location).
Parcel 7 - 1201 SW Adams St.
Ideal automotive / business rental property located along SW Adams St. Tax records indicate approximately 4,600 sq. ft. in the building.
Parcel 8 - 720 SW Adams St.
Ideal store front style property located directly across the street from the Bradley University's O'Brien field. Tax records indicate 5,400 sq. ft. in this long narrow commercial property. This property has recently been vacated and has no current renter.
Parcel 9 - 1401 SW Washington St.
Restaurant / Fastfood style commercial property which is located in a high-traffic area. Large concrete parking areas and excellent access. Tax records indicate 1,780 sq. ft.
Parcel 10 - 4013-4015 SW Adams St.
Single story commercial location with vacant adjoining lot. This property would be suitable for a variety of uses. This parcel currently has one renter. Tax records indicate the building as having 3,136 sq. ft.
Parcel 11 - 2028 SW Adams St.
Multiple income producing property. Investors need to take a look at this parcel which has many current renters which accumulate a very attractive monthly income. This multi-tiered style building has residential apartments, automotive type shop, and several storage areas. Tax records indicate approximately 6,000 sq. ft. in the structure.
Parcel 12 - 2101 SW Washington St.
Older 2-story structure which was the original "Peoria Meats" location. Prime commercial real estate. Tax records indicate approximately 2,997sq. ft. in the building.
Parcel 13 - 207 Olive St.
Quansit style storage building with tax records indicating approximately 4,000 sq. ft. in the structure.
Commercial Real Estate Auction
MONDAY, NOVEMBER 19, 2012 - 6:00P.M.
Sale to be held at the Par-A-Dice Hotel Casino, 7 Blackjack Blvd. East Peoria, IL
METHOD AND TERMS
All 13 parcels will be sold individually for a total dollar, or lump sum amount. The parcels will sell in the order in which they are listed. The parcels will not be combined at the conclusion of the auction. Anyone that wishes to buy multiple properties will need to be the high bidder when each property is sold.
The successful bidders will be required to sign a Contract for Sale immediately following the auction. Ten percent (10%) of the bid price to be paid on the day of sale. The balance of the purchase price will be due at time of closing. Closing will be on or before Friday, January 18, 2013 (60 days). Full possession will be given at the time of closing, subject only to current rental or lease agreements, if applicable. Please note: Several of the properties are currently occupied and will be sold subject to the rental / lease agreements. All unoccupied parcels will have full possession at closing.
The 2012 real estate taxes which are due and payable in 2013 will be paid by the seller, with the 2013 and all subsequent real estate taxes being the responsibility of the new buyer. All parcels will be sold subject to all covenants, restrictions, roads, highways, and easements of record. As stated above, all occupied properties will be sold subject to the current rental / lease agreements. Seller will provide Title Insurance in the full amount of the purchase price through Peoria Title LLC, 415 Hamilton Blvd., Peoria IL 61602. Ph: 309-637-5282.
Any absentee/internet bidders are required to be pre-approved no later than Thursday, November 15, 2012 (No exceptions)! For further pre-approval requirements for absentee bidders, contact auction company.
All announcements made day of sale take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All 13 properties are being offered "No Reserve". All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no express or implied warranties pertaining to this property. Real estate is being sold "AS IS".