Thursday, July 22 4:00 pm Sealed Bid Deadline
8810 Commercial Ave
Newton, Illinois 62448

Inspections

Tuesday, June 29 • 9:00 am to 3:00 pm
Tuesday, July 20 • 9:00 am to 3:00 pm
Other Times by Appointment


Description

LENDER OWNED SEALED BID AUCTION

50 Million Gallon per year Biodiesel Facility on 13.52± Acres
Real Estate & Equipment Selling Separately or as Entirety

This property is in an Enterprise Zone, a TIF District and an Opportunity Zone which can be very beneficial to an investor. The City of Newton also has some Electric Incentives.
This and more information can be found on the Jasper County Economic Development, Inc. website.


View Drone Video of the site:



Contacts to potentially aid in due diligence:
Josh Kuhl, Mayor, City of Newton, 618-707-8288, jkuhl@cityofnewtonil.com.
Information on Available Adjacent Land: Jasper Jobs Inc., Judy McClure, President, 618-553-8658, judy@mccluresigns.com.
Indiana Rail Road Company, Larry Kaelin, V.P., Coal & Energy Marketing, 317-919-1022, larry.kaelin@inrd.com.

MORE INFORMATION COMING SOON!!

Map


Broker Participation

Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.


Payment Information

TRACTS 1 & 3: 10% Buyer’s Premium. Sealed Bid Offers must be accompanied by a $20,000 earnest money deposit (cashier's check or wire). An additional deposit is due within 48 hours bringing the total monies in escrow to 20% of the purchase price. Balance due at closing within 30 days. Deposit monies are earnest monies and non-refundable. Deposits of non-winning bidders will be returned immediately following the auction. Attorney Douglas R. Hoffman with Black, Ballard, McDonald, P.C. is coordinating the closing. Funds are payable to Black, Ballard, McDonald P.C.
TRACT 2: 10% Buyer’s Premium. Payment due at time of Sale; no equipment can be removed from the site without full payment. Items must be removed within 90 days; additional removal time maybe allowed if required. Sales tax may apply.

Full Terms

Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE-IS WITH NO WARRANTIES, GUARANTEES, EXPRESS OR IMPLIED. All sales are final.
See Bidder Kit for complete terms.

In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision.

Maas Companies Inc # 444.000289, in conjunction with Marcy Goldring-Edenburn, Goldring Edenburn Auctions, #440.000428.