Effingham Climate Control Storage No Reserve Auction
Effingham Climate Controlled Storage
Address: 109S First St. Effingham, IL 62401
Mon. Dec 5th 6PM Online Only No Reserve Auction
2025 Projected Gross Revenue $40,380.00
43 Units! Climate Control Storage!
133.51’ x 60’ lot & 42’x96 Climate Control Building!
Viewing by appointment or Tues. Dec 16th 9am-11am
or Tues. Dec 22nd 9am-11am or auction day Mon. Jan 5th 9am-11am
UNIT SIZES and RATES: (Rent rates are in the process of a $10.00 per unit increase)
43 Total Units: 100% RENTED
8 Units :10ft x 10ft
· Increasing from $90/month To $100/month
35 Units: 5ft x 10ft
· Increasing from $65/month to $75/month
Small office with bathroom, Barlow Security system, two Ameren natural gas heating units, and two cooling units (use only one). Furnaces have been serviced. Maintain temperature at 60°F in winter, 80°F in summer; each unit has its own light. After the auction, a letter with the new owner's name and contact info will be sent. Closing must occur before Feb 20th.
Effingham Climate Control Storage
Auction Date: Monday, January 5th at 6:00 PM (begins to close)
Location: 109 South First St., Effingham, IL
Property Description: Storage facility situated on a 0.18-acre commercial lot (60' x 133').
Real Estate Auction Details:
· The auction for real estate will commence closing at 6:00 PM on January 5th. Should a bid be placed within the final three minutes prior to the lot closing the closing time will automatically extend by an additional three minutes.
· Minimum bid increment: $500.
· The property will be sold as one tract; a single final bid secures the entire property.
Terms & Conditions:
· The property is offered in "as is" condition, with no warranties, guarantees, or assurances provided by either the seller or Schmid Auction regarding the state of the property, possible improvements, or future performance. The buyer accepts all existing features, defects, and conditions—whether known or unknown—and assumes responsibility for property use and maintenance upon closing.
· Bidding is conducted by tract, not by acre; the purchase price reflects the total tract, not an amount per acre.
· The sale will be completed in a manner resulting in the highest sale price, subject to seller approval.
· A non-refundable deposit of 10% of the purchase price is due on the day following the auction (held in escrow until closing). The successful bidder must sign a purchase agreement on-site or via DocuSign. The contract price will be the full tract price and will not be altered due to future surveys.
· The remaining 90% balance is due at closing, approximately 30 days from the date of the auction. Closing must occur on or before February 20, 2026.
· All maps, boundaries, and visual aids are approximate and intended for general reference only.
· Interested parties are strongly encouraged to conduct independent inspections, research, and due diligence prior to bidding. While information provided is believed accurate, it should be independently verified.
· Announcements made on auction day take precedence over previously distributed printed or digital materials. Schmid Auction disclaims liability for accidents or errors associated with the sale or property.
· All bidders must be at least 18 years of age.
· Fraudulent bidding will result in prosecution. A bid is considered a binding contract.
· Ensure financing arrangements are secured prior to bidding. Down payments are non-refundable if the buyer is unable to close.
Summary of Terms: Real estate is sold "as is." Ten percent (10%) down payment is required; the remainder is due at closing, which will be scheduled approximately 30 days after the auction. The property will be sold to the highest bidder, without reserve. Maps and boundaries provided are estimates and should be used for guidance only. The successful bidder must execute a purchase agreement by DocuSign or in person the day after the sale. It is solely the potential bidder's responsibility to perform all necessary inspection and investigation. Information herein is believed accurate but should be verified independently. Announcements made on the day of sale supersede previous communications. Schmid Auction is not liable for accidents. Bidding is by the tract, and the contract price will not change due to future surveys.
Mon. Dec 5th 6PM Online Only No Reserve Auction
2025 Projected Gross Revenue $40,380.00
43 Units! Climate Control Storage!
133.51’ x 60’ lot & 42’x96 Climate Control Building!
Viewing by appointment or Tues. Dec 16th 9am-11am
or Tues. Dec 22nd 9am-11am or auction day Mon. Jan 5th 9am-11am
Effingham Climate Control Storage
Auction Date: Monday, January 5th at 6:00 PM (begins to close)
Location: 109 South First St., Effingham, IL
Property Description: Storage facility situated on a 0.18-acre commercial lot (60' x 133').
Real Estate Auction Details:
· The auction for real estate will commence closing at 6:00 PM on January 5th. Should a bid be placed within the final three minutes prior to the lot closing the closing time will automatically extend by an additional three minutes.
· Minimum bid increment: $500.
· The property will be sold as one tract; a single final bid secures the entire property.
Terms & Conditions:
· The property is offered in "as is" condition, with no warranties, guarantees, or assurances provided by either the seller or Schmid Auction regarding the state of the property, possible improvements, or future performance. The buyer accepts all existing features, defects, and conditions—whether known or unknown—and assumes responsibility for property use and maintenance upon closing.
· Bidding is conducted by tract, not by acre; the purchase price reflects the total tract, not an amount per acre.
· The sale will be completed in a manner resulting in the highest sale price, without reserve.
· A non-refundable deposit of 10% of the purchase price is due on the day following the auction (held in escrow until closing). The successful bidder must sign a purchase agreement on-site or via DocuSign. The contract price will be the full tract price and will not be altered due to future surveys.
· The remaining 90% balance is due at closing, approximately 30 days from the date of the auction. Closing must occur on or before February 20, 2026.
· All maps, boundaries, and visual aids are approximate and intended for general reference only.
· Interested parties are strongly encouraged to conduct independent inspections, research, and due diligence prior to bidding. While information provided is believed accurate, it should be independently verified.
· Announcements made on auction day take precedence over previously distributed printed or digital materials. Schmid Auction disclaims liability for accidents or errors associated with the sale or property.
· All bidders must be at least 18 years of age.
· Fraudulent bidding will result in prosecution. A bid is considered a binding contract.
· Ensure financing arrangements are secured prior to bidding. Down payments are non-refundable if the buyer is unable to close.
Summary of Terms: Real estate is sold "as is." Ten percent (10%) down payment is required; the remainder is due at closing, which will be scheduled approximately 30 days after the auction. The property will be sold to the highest bidder, without reserve. Maps and boundaries provided are estimates and should be used for guidance only. The successful bidder must execute a purchase agreement by DocuSign or in person the day after the sale. It is solely the potential bidder's responsibility to perform all necessary inspection and investigation. Information herein is believed accurate but should be verified independently. Announcements made on the day of sale supersede previous communications. Schmid Auction is not liable for accidents. Bidding is by the tract, and the contract price will not change due to future surveys.
Effingham, Illinois 62401
United States