Ludlow Coop Elevator Company

4 weeks ago

Reminder this property will sell tomorrow March 1st.

Ludlow Cooperative Elevator is offering to sell property located at:

100 S. Chestnut St., Loda, IL 60948
Loda Township
Iroquois County Parcel No. 36-28-129-007
Zoned Commercial
Lots 1-13 & South 240’ of vacated alley west of Lots 5-10, Block 9
North One half, 35 feet, of the south vacated street (Jackson) is included with the property
Approximately 2.861 Acres
720 square foot office building
50 Ton truck scale
North flat 139’ X 40’
South flat 162’ X 50’
Small storage shed

110 W. Washington St., Loda, IL 60948
Loda Township
Iroquois County Parcel No. 36-28-129-006
Zoned Residential- empty lot
Lots 14 & 15, Block 9
Approximately 0.588 Acres

Terms of Sale:

• Property for sale “as is, where is” on a cash only basis.
• Closing costs will be paid using a standard fee structure. Seller will choose and pay the attorney to process the sale.
• Property will be conveyed to successful bidder at closing by Special Warranty Deed.
• Seller will be responsible for real estate taxes prorated to the date of closing.
• Possession shall be delivered on the date of closing.
• All utilities (water, electric, natural gas) are currently shut off. Electric service was removed for elevator demolition.
• Seller will provide clean and clear title to the property.

Bidding Process:
Sealed bids should be sent to the address below or hand delivered day of sale.

Ludlow Coop
Attn: Loda Sale Parcel # (include parcel # you are bidding on)
100 W. Thomas, Box 155
Ludlow, IL 60656

Bids should include: bidder’s name, address, phone number, and bid amount for the property. Please make sure you include the parcel number for which you are bidding on the outside of the sealed bid.

The property will be sold in three separate parcels or all together as one parcel.
Parcel #1 – Lots # 1-4 and the east 130’ of Lot # 5.
Parcel #2 – The west 30’ of Lot #5, Lots #6-13, the south 240’ of vacated alley west of Lots #5-10 and the north 35’ of the vacated street (Jackson) south of Lots # 10 & 11.
Parcel #3 – Lots # 14-15.

On March 1, 2023 at 9 AM, all bidders or representatives may meet at the Ludlow office. Individual parcel sealed bids will be announced. An auction will then commence where individual parcel bidders will have the opportunity to raise their bid until the highest bids are established. Once the individual parcel highest bids have been established, the sealed bids for the entire property will be opened. All bidders will then have the opportunity to raise their bids until the highest bid(s) have been established. Highest bid(s) at the auction will be awarded the property.

Ludlow Coop will sell the property as one parcel or divide, as long as all parcels are sold at the same time. Highest individual or combined bids will be awarded the property.

Ludlow Coop reserves the right to reject any or all bids, and to accept any bids that are deemed most favorable to the coop. ... See MoreSee Less