Tamaroa, IL Online Commercial Property Auction

Tamaroa, IL Online Commercial Property Auction

Bidding opens on May 14^th at 12:00pm CT

Bidding ends on May 26^th at 10:00am CT

39 N Walnut Street – Tamaroa, IL 62888

Property Viewing – May 16^th from 12:00pm – 2:00pm CT

Opportunity is knocking with this .49± acre commercial lot located just off Route 51 in the heart of Tamaroa. This property features an older block building with a history as a tire shop/mechanic space, offering a solid foundation for your next venture. Eagle Model TP09A automotive lift is included.

The retro ceramic brick exterior gives this property character you don’t find every day, while the location provides excellent visibility and easy access for customers or clients. Whether you're looking to reopen an automotive business, create a workshop, storage facility, or repurpose the space for something entirely new, the possibilities here are wide open.

Properties with this kind of exposure and flexibility don’t come around often—bring your ideas and be ready to bid.

• Age of the building: Unknown
• Square Footage:  2,005
• Lot Size: .49   (source: county)
• Utility Providers:
  • Water ~ Public (Unknown condition)
  • Sewer ~ Public (Unknown condition)
  • Electric ~ Ameren
  • Gas ~ Ameren (Unknown condition)
• Room Dimensions:
  • Garage: 27’11” x 39’
  • Screened Porch / Store Front: 20’3”x 22’9”
  • Utility Room: 14’8”x 8’8”’
  • Storage Room 1: 4’5”x10’11”
  • Storage Room 2: 15’9”x 17’7”
  • Storage Room 3: 5’9”x 8’8”’
  • Storage Room 4: 8’7”x 11’7”
  • Storage Room 5: 6’2”x 11’7”

Title Company: TitlePro Services

Financing: Cash, Conventional

Directions:  GPS friendly. From IL 51/Walnut St in Tamaroa, this property is at the corner of N Walnut and W 1st N St.

Legal Description: Sec TWP RNG Block Number: 005 VILLAGE OF TAMAROA PT LOTS 1 & 2 & LOT 3 2017-540 2008-923 262/301

Parcel(s): 2-41-0470-080

Taxes: 2024 - $550.32

A1165_GIS

2D Floor Plan for 39 North Walnut Street

Auction Terms & Conditions

Bidding Information

• Bidding Starts: May 14, 2026 @ 12pm
• Bidding Ends: May 26, 2026 @ 10am
• This is an internet-only auction — all bidding takes place online. The property is being sold AS-IS, WHERE-IS. The Seller reserves the right to accept or reject the high bid.
• The auction will utilize a soft close feature beginning 5 minutes before the scheduled end time. If a bid is placed within the final five minutes, the countdown will reset to 5 minutes, allowing additional time for new bids. This process continues until no new bids are placed for a full 5-minute period. The purpose of the soft close is to ensure fair opportunity for all bidders.
• Bidders are encouraged to refresh their screens frequently to ensure accurate timing and bid status updates.

Max Bidding

Bidders may enter a maximum bid at any time. The system will automatically bid on your behalf up to your maximum amount:

• If an existing max bid is lower, your bid will jump to that amount and increase by one bid increment.
• If another bidder has already entered the same max bid, priority is given to the bid placed first (by timestamp).

You are the leading bidder if your item screen is outlined in GREEN or shows your bidder number followed by “(you).” If your max bid has been reached and another bidder remains in the lead, your screen will display RED.

Note: Property Peddler Inc. is not responsible for any bidder’s misunderstanding or misuse of the max bidding feature.

Bidders should maintain a reliable internet connection. Lag or poor connectivity may result in inaccurate bid status. If you are unsure about your internet reliability, arrangements can be made to bid from one of our offices—please contact the auctioneer in advance.

Registration

• It is recommended that bidders be pre-approved at least 24 hours before the auction closing. Questions? Call Property Peddler Inc. at (618) 473-2500.
• Proper and complete registration is required to bid. All bidders must provide their name, address, phone number, and email address. To complete registration, Property Peddler Inc. requires a copy of a valid state ID, which can be emailed to info@propertypeddler.com or will be requested by a team member before approval.
• By registering, all bidders acknowledge that they have read and agree to be bound by these Auction Terms & Conditions.
• Auctioneer reserves the right to refuse registration or bidding privileges at their sole discretion. Early registration is encouraged to receive updates and notifications regarding any auction changes.

Contract: Winning bidders will sign the Property Peddler Auction Sales Contract immediately after the sale, either in person or electronically.

Money: The approved high bidder will pay 10% as earnest money on the day of the sale, to be deposited with  Perry County Title.  Any stop payment or returned check marked “insufficient funds” will be considered evidence of fraudulent intent and treated accordingly.

Closing: Closing shall occur on or before June 26, 2026

Closing Costs: Buyer shall pay the purchase price plus customary closing costs, which may include, but are not limited to:

• Escrow/closing fees
• Recording fees
• Prorations
• Title document fees (e.g., later date charges, wiring fees, etc.)
• Any fees associated with buyers loan process

Title Company: TitlePro Services, Pinckneyville, IL

Taxes: Real estate taxes will be prorated to the date of closing.

Mineral Rights: Any owned mineral rights will transfer with the property. No mineral search has been performed. It is assumed that some or all mineral rights may have been previously detached.

Possession: Possession will be granted at closing.

Financing: Bidding is not contingent on financing or appraisal. Buyers should make all financing arrangements prior to bidding.

Survey: No Survey -  selling by legal description.

Disclaimer & Absence of Warranties

• Subject to prior sale and all easements, covenants, and restrictions of record.
• Property is sold AS IS, WHERE IS without warranty or representation, express or implied.
• Property has not had water service in years.
• Property has not had gas service in years.
• Information provided is believed accurate but not guaranteed. Acreages, boundaries, and figures are approximate.
• Each bidder is responsible for conducting their own due diligence, including inspections, investigations, and verification of information.
• Property Peddler Inc. and the Seller assume no liability for errors, omissions, or inaccuracies in any printed or digital materials.

Bidding Conduct

• Bidders are responsible for ensuring the Auctioneer is aware of their bids.
• Property Peddler Inc. disclaims liability for missed, unexecuted, or unaccepted bids.
• Bidders must confirm they are bidding on the correct item and at the intended amount.
• The Auctioneer’s decisions are final.
• All announcements made the day of the auction take precedence over previous printed or spoken information.
• The Auction Company or Staff of the Auction Company reserves the right to bid and to cancel or postpone the auction if deemed necessary.

Property Peddler Inc., its staff, and agents act exclusively as agents for the Seller in this transaction.

Auction Held with Auctioneer/Broker Brad Chandler of Property Peddler Inc. 618-221-5727

Lead Agent: Broker Jayci Hilt  618-493-4403

Auctioneer Brad Chandler:

• IL Lic. # 441.002105
• Broker License # 475.16227
• Property Peddler Inc. IL Lic. # 444.000622

P#A1165  /  MLS # 26022115

LISTED by Property Peddler Inc.

Broker Jayci Hilt  618-493-4403