BANKRUPTCY
REAL ESTATE AUCTION

Selling (5) Commercial, Investment
& Income Producing Properties




FRIDAY, MARCH 2nd AT 12:00 P.M.



Auction to be conducted at the Stoney Creek Hotel & Conference Center,
located at 101 - 18th St., Moline, IL (2 blocks East of the Wireless Center).

817 1st Avenue, Silvis, IL: A 3-story building with a Retail / Store front and multiple apartment units.
PHOTOS
HA-2999
Lot (4) in Block Three (3) in the Original Town of Silvis, excepting and reserving the East Six (6) inches of said Lot Four (4); situated in the City of Silvis, situated in the County of Rock Island and State of Illinois.

2045 3rd Avenue, East Moline, IL: The Former McKinley School in East Moline, IL.
PHOTOS
HA-2999
Lot (4) in Block Three (3) in the Original Town of Silvis, excepting and reserving the East Six (6) inches of said Lot Four (4); situated in the City of Silvis, situated in the County of Rock Island and State of Illinois.

1622 15th Street A, Moline, IL: A 5-Plex in Moline, IL.
PHOTOS
HA-2999
MO-150-G
The part of Lot #6 according to Assessor's Plat of A.D. 1861 of the Northeast Quarter of Section #5, Township #17 North, Range #1 West of the Fourth Principal Meridian, described as follows: Commencing at a point in the West line of 16th Street which is 30 feet West and 191.15 feet North of the Southeast Corner of said Lot #6 which is also the Southeast Corner of Lot #3 of Anne E. Hibbard's First Addition to the City of Moline; Thence West along the South line of said Lot #3 and its extension West a distance of 143 feet for a place of beginning of this description; Thence South 88o45' West along the South line of the Alley of said Anne E. Hibbard's First Addition to the City of Moline, a distance of 107.52 feet; Thence South 5o23' East 36.50 feet; Thence South 5o23' East 36.50 feet; Thence North 87o50' East 104.07 feet; Thence North 0o 34.64 feet to the place of beginning. For the purpose of this descriptions, the West line of 16th Street is used as a true Meridian. Situated in the City of Moline, in Rock Island County, Illinois.

3814 - 3820 14th Avenue, Rock Island, IL: “The Ritz” a 19-unit income producing property located 2 blocks from the Campus of Augustana College, that features: (2) Retail / Store front spaces and (17) Apartment units.
PHOTOS
RI-2356-A
The East Fifty (50) feet of Lots Number One (1) and Two (2) and the North Twenty (20) feet of the East Fifty (50) feet of Lot Number Three (3) all in Block Two (2) in that part of the City of Rock Island known as and called College Heights Addition to said City; Situated in the County of Rock Island, in the State of Illinois.

2637 14th Avenue, Rock Island, IL: A 4-Pex located 3 blocks from the Rec Center on the Campus of Augustana College.
PHOTOS
RI-1179-A
Lot Nineteen (19) and Twenty (20) excepting therefrom the South 2.5 feet thereof; and, also excepting therefrom the West 15 feet of said Lot 19; all located in that part of the City of Rick Island known as and called Brien's Second Addition to said City of Rock Island; situated in the County of Rock Island and State of Illinois.

TERMS ON REAL ESTATE: The successful high bidder(s) for each property, will be required to make a down payment in the amount of $1,000 as earnest money, and sign a purchase agreement immediately following the auction. The down payment will be applied to the purchase price. The balance will be due at closing, at which time possession will be given. Closing within 30 days, or as soon thereafter as practicable. The real estate is being sold "As Is, Where Is" and with any or all faults. Purchase agreements are not contingent upon financing and buyer and/or lender inspections. The real estate will shall be sold subject to 2017 taxes, with all previous taxes having been paid by the senior lienholder, with such taxes to be the responsibility of the successful bidder. The earnest money will be non-refundable and forfeited to the Trustee in the event the successful high bidder wrongfully refuses to close, but the Trustee may at her option sell the building to an alternate purchaser or seek specific performance. By bidding you agree to abide by the terms and conditions of the sale. All announcements made on the day of sale take precedence over any prior written or oral matter. Not responsible for accidents, errors, or omissions.

Jack 309-837-2507 IL Lic. # 440.000699 
Monte 309-836-7355 IL Lic. # 440.000708 
Brent 309-836-9320 IL Lic. # 440.000709 
Cody 309-836-2775 IL Lic. # 441.001255
Lowderman Auction Company
U.S. Highway 136 - Two miles west of Macomb
P.O. Box 488 - Macomb, Illinois 61455
info@Lowderman.com