500 Piper Lane, Pittsfield, IL 62363 - Pike County

Pittsfield Illinois Commercial Real Estate Auction The Red Barn

Preview Day Saturday, January 18th 11AM to Noon.

Bidding Ends Tuesday, February 11th at 10AM.

Located in Pittsfield, IL, this updated commercial building offers a range of features for various uses. Recent updates include a new garage door, metal interior, new doors, windows, and siding on the lower half of the front, along with spray foam insulation for energy efficiency on the north half of the west wall, along with spray foam insulation for energy efficiency. The building also has new lighting, ceiling fans, and electrical wiring, along with a new hanging heater. The parking lot at the rear has been expanded with additional gravel.

Inside, the barn showcases rustic barn wood accents on the walls, a spacious stage area for performances, and a concrete floor. The property includes separate mens and womens restrooms, along with a functional kitchen. A serving window completes the kitchen space.

For more information, contact Jason Wallingford (314) 882-6971 and Anthony Pozzi (636) 295-5302

Auction Terms & Conditions

1. Procedure: Bidding ends Tuesday, February 11, 2025, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes.

2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid price to arrive at the contract sales price.

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Wednesday, February 12, 2025 (hand delivered, faxed, electronic signature or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.

5. BIDDING: Once submitted, a bid cannot be retracted.

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, March 13, 2025.

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

8. TITLE: Seller shall furnish the buyer(s) at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.

10. REAL ESTATE TAXES: The 2024 Real Estate taxes to be paid for by the Sellers. The 2025 Real Estate taxes to be paid for by the Buyers.

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.

12. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral. This property is subject to prior sale.