Real Estate Auction

104 Viewpoint, Catlin, IL 61817

Friday, October 27th, 2006, 10:30AM

Property Description:Real Estate Auction. The property to be auctioned consists of a 1525 square foot building constructed on a slab, built in 1967, with 59.5 feet of frontage on Kirby Avenue. The property features a covered drive-up window, 10 year old rubber roof, 3-year-old high efficiency furnance with central air, professional lighted outdoor signage with message board and timer, and ample concrete parking.

Legal Description, Lot Size, Real Estate taxes:A part of the East 12 Rods of the North 13 1/3 rods of Lot 19 of a Subdivision of the Southeast Quarter of the Southwest Quarter and that part of the Southwest Quarter of the Southeast Quarter lying West of the I.C.R.R. Tracks of Section 13, Range 19 North, Range 8 East of the 3rd Principal Meridian; Also the North Half of the Northwest Quarter and the that part of the Northeast Quarter of the Northwest lying West of I.C.R.R. Tracks of Section 24, Township 19 North, Range 8 East of the 3rd Principal Merridan, Subdivided by order of Chales Ells, Proprietor, as per a plat recorded in Deed Record 18 at Page 536, Situated in Champaign County.Commencing at the Northeast Corner of that part of the East 12 rods of North 13 1/3 rods od said Lot 19 which excludes Kirby Avenue; thence West 155 feet to the Point of Beginning; then West 59 1/2 feet; thence South 187 feet; thence East 59 1/2 feet; thence North 187 feet to the Point of Beginning, situated in the City Of Champaign, in Champaign County Illinois.Lot size is 59.5' x 187'. Taxes for 2005 payable in 2006 were $2,451.54.

Zoning:(CN) Commercial Neighborhood District

Terms and Conditions:Cash or Check with proper identification, 10% down the day of the auction with entire balance due at closing no later than 30 days therafter. A buyer's premium will be used. A 10% buyers premium will be added to the Successful bid. Sucessful bidder will be required to sign a standard real estate contract at the conclusion of the auction. Buyer will receiver an onwer's titlew policy. The real estate and improvements are sold in "as is" condition woth no warranties expressed ot implied. Real estate taxes will be pro-rated to the date of close. Financing, if needed, must be arranged before the auction. Property is selling with a reserve and sellers reserve the right to accept or reject any and all bids, however a very realistic reserve has been determined. Annoucements made immediately prior to the auction take precedence over any and all other information from any source.

Owner:Steve Miller, Trustee in Bankruptcy

Directions:Neil Street to Kirby Avenue, turn west to 403

Auctioneer’s Note:This property would make a great investment with development possiblities. A Phase I environment audit has been completed and is available for inspection by contacting the auction company. Please contact the auctioneer for additional information or to inspect the property. See our website at www.crist-associates.com for more details.

Viewing:Property will be open for inspection on October 18th from 3-5p.m., otherwise contact the auction company for an appointment to inspect the property.

Pictures:

Crist and Associates Auction and Realty
147 N Walnut St., Danville, IL 61832
Danville (217) 446-5220 * Champaign (217) 359-8080
Firm License # 444.000364
Donald R. Crist, CAI Auctioneer License # 440.000522