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As a bidder, you don't have to constantly watch auctions and worry about being outbid! All GovDeals Internet Auctions feature an auto-bid. In the bid box on the auction view page, enter the HIGHEST dollar amount that you are willing to pay, and the GovDeals bidding system will bid on your behalf by placing a bid at the current LOWEST minimum bid. If another bidder outbids your LOWEST minimum bid, the system will automatically place another bid, once again making you the current high bidder, until your "top dollar" number is reached. The auto-bidding system will continue to place the LOWEST minimum bids on your behalf until you are the winner of the auction or another bidder bids higher than your auto-bid. Auto-bids are completely private and are never displayed to other bidders. In the event of a reserve price auction, your auto-bid will immediately bid up to the amount of the reserve OR to the max amount of your auto-bid if the reserve price is in excess of your auto-bid.

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Bid Extension

If a bid is placed during the final 3 minutes of an auction, the auction's current end time will automatically extend for additional 3 minutes. This will continue until no bids are placed during the last three minutes.

Since most bidding occurs during the final minutes of an auction, this allows all bidders a sufficient amount of time to continue bidding.

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Probation Level 1 Bidding

This Seller has instituted a Bidder Probation Restriction on this auction. To have this restriction removed, a $1,000 refundable deposit in the form of a Certified Cashier's Check or U.S. Postal Money Order must be mailed to GovDeals, Inc., 100 Capitol Commerce Boulevard, Suite 110, Montgomery, AL 36117. Once 60 days have passed GovDeals will return this bid deposit.

For further information and deposit details please contact Customer Service.

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Open auction where bidding starts at a fixed amount and increases by a minimum bid increment (or higher) by different bidders until the auction end time is reached. Once the auction has closed and a high bidder has been identified, the seller reserves the right to approve or reject the final offer.

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Bid History for Vacant 2.53-Acre Parcel Located at 581 Congress Parkway, Crystal Lake, IL
Auction Start Date: 08/01/22 8:00 AM ET
Auction End Date: 09/15/22 5:00 PM ET
Asset ID: 393   Number of Bids: 0

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Vacant 2.53-Acre Parcel Located at 581 Congress Parkway, Crystal Lake, IL
Auction Ends 9/15/22 5:00 PM ET
Remaining 38 Days 16 Hrs
This item is subject to Seller Approval.
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Tax See Payment Instructions
Buyer's Premium 12.50%
Starting Bid $100,000.00
Bid Increment $1,500.00
Minimum Bid $100,000.00
Terms and Conditions
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Condition Category
Used/See Description Real Estate / Land Parcels
Condition Category
Used/See Description Real Estate / Land Parcels
Vacant 2.53-acre parcel available for sale.

Located at 581 Congress Parkway, Crystal Lake, IL, 60014, McHenry County. This property is located within 900’ of a Metra commuter station (Pingree Road), providing direct commuter service to downtown Chicago.

The property is located within the City of Crystal Lake, IL and the zoning of the property is “M” for manufacturing. Attached is a sample sales contract. Also attached are the surveys, the aerial, and some street views. This property is a portion of PIN 19-04-426-004. The property, as of April 29, 2022, is zoned “M” for manufacturing under the City of Crystal Lake, IL zoning ordinance. The property is up for sale with the following conditions:

• Due diligence is upon the buyer.

• $7,000 bid deposit is required.

• The property is being sold “as-is” and no representations are made regarding the property.

• The highest bidder is responsible for all fees associated with this listing and fees associated with any property sale.

• The buyer may, at their sole discretion, obtain a survey and/or phase 1 environmental site assessment at the buyer’s sole expense.

• The highest bidder will execute a Purchase and Sale of Real Estate Agreement that sets forth all of the terms and conditions of the sale.

• The highest bid is subject to approval by Metra’s Board of Directors and CEO. If approved, the seller will execute the Purchase and Sale of Real Estate Agreement.

Additional Info: Purchase and Sale of Real Estate Agreement .pdf,   Surveys - 1.pdf,   Metra Bid Deposit Attachment.pdf
Questions and AnswersQuestions and Answers
There are currently no questions posted for this asset.
 
Seller InformationSeller Information
view other auctions from Metra Commuter Railroad, IL
Seller Name Metra Commuter Railroad, IL  [view seller's other assets]
Asset Location 581 E Congress Pkwy
Crystal Lake, Illinois 60014-6208
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PaymentPayment
Wire Transfer
Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.

PAYMENT

If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account.

Note:

Buyer will pay all closing costs, which will be determined at the conclusion of the auction. 1. Payment is due within 10 (ten) business after a high bid is accepted by Metra and 30 calendar days for settlement from the same approval date.

2. Any invoice $5,000 or above requires payment via wire transfer.

3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ.

SALES TAX

When applicable, sales tax is calculated based upon the auction’s advertised location.

If you are seeking sales tax exemption, you must complete Liquidity Services’ tax exemption form(s). We recommend doing this prior to the auction’s closure or before making payment. To do so, please visit Liquidity Services' Tax Exemption Submission Tool.

Special InstructionsSpecial Instructions
NOTICE: If you are the winning bidder and default by failing to adhere to this sellers terms and conditions your account with Liquidity Services WILL BE LOCKED.

Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' METRA Transit, IL makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale.

Quick Asset Lookup (QAL) #: 10615-393 (GD)