Directions:  Off Rt. 16 Charleston Ave turn north on Logan go 2 blocks north then east on Richmond 2 blocks

 Auction Closes on Friday, Oct 20^th 1:00PM

On-line only Auction

Incredible Commercial Building

300 Richmond Ave East, Mattoon, IL 61938

Below is the link for online bidding.  The office furniture will be listed soon.

https://schmidauction.hibid.com/auctions/current

Original asking price when listed was $775,000.00 and reserve is set at $399,000.00

8,664 Sq. Ft. Office brick office building located on 1.29 acres built in 1989

Two asphalt parking lots; brand new roof on cube on top floor, shingle roof and flashing has been inspected.  The building has lots of glass with an atrium. 

Bidding Opens up and 8:00 AM on Wednesday, Oct 11^th and begins to close at 1:00PM on Friday, Oct 20^th 1:00PM  The bidding will remain open for 10 more minutes each time there is a bid.  The bidding increments will start off with $1,000 increments.  The auction company must see a bank letter of credit to be approved to bid.

Property viewings

Tuesday, Sept 12^th 9:00am – 11:30am

Thursday, Sept 21^{st 1:00PM}-3:00PM

Wednesday, Oct 18^th 3:30PM-5:30PM

2017 taxes payable in 2017 was $17,225.40, gas utilities in 2017 was $2,936.66 and electric was $5,761.25

There is no buyer’s premium on this auction.  The price a person bids is the price they pay.

Property has an entrance with a wrap around desk for a reception area.  Women’s and Men’s restrooms, break room with a small kitchen, 10 enclosed offices, large area for several more offices, offices for storage, conference room on first floor and large conference room on top floor (the cube) with an amazing view looking out at the city of Mattoon.  The cube has a brand new roof.  This office building could be used for many different types of business.  There are several commercial businesses in this area of Mattoon.  Motivated sellers!

The reserve is set at $399,000.00.  The bidding will open up at $200,000.00. 

Seller:  First Mid Illinois Bank and Trust 91067

TERMS & CONDITIONS: Real Estate is sold “As is”. 10% down the day of sale remainder due at closing in 30 days. All maps, borders, on brochure, website and are estimates and are simply to be used as guidelines. The successful bidders will be required to enter into a purchase agreement following the close of the auction. The auction company will meet the buyers or it can be done thru email or fax.  It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents.