Name Paul's Confectionery and Chilli Recipe Auction
Auctioneer Cory Craig, Auctioneer
Type Online-Only Auction
Date(s) 7/18/2022 - 8/18/2022
STARTS: Mon. July 18 @ 6:00 P.M. ENDS: Thurs. Aug. 18 @ 7:00 P.M.
Preview Date/Time STARTS: Mon. July 18 @ 6:00 P.M. ENDS: Thurs. Aug. 18 @ 7:00 P.M.
Checkout Date/Time STARTS: Mon. July 18 @ 6:00 P.M. ENDS: Thurs. Aug. 18 @ 7:00 P.M.
Location 999 N. Water St.
Decatur, IL
Buyer Premium 10% Buyer's Premium
Description
Paul’s Confectionery Restaurant Auction 999 N Water St Decatur, IL “ONLINE BIDDING ONLY” STARTS: Mon. July 18 @ 6:00 P.M. ENDS: Thurs. Aug. 18 @ 7:00 P.M. Paul’s Confectionery is a true landmark in Decatur, IL Started in 1921 one block south, Moved to current location in 1945. It’s the oldest continued restaurant in Decatur, IL. Present owner purchased the property from original owners in 1999. You are buying this as a turn key operation with all equipment and fixtures included w/ Real Estate. Building is 2,960 sq ft. Basement is 1,260 sq ft 2nd story is an apartment that needs completely remodeled. TAXES: $1,039.00 PIN: 04-12-10-478-012 This restaurant has always been known for the best chili around! They still make ice cream from scratch for homemade milk shakes. *Selling separately from business is the chili recipe that was Greek, created by Paul Sr., that recipe continues today with same ingredients. (Current owners bought separate, when they purchased from the original owners) Real Estate Terms & Conditions: 10% down at close of auction. Balance due and possession at closing on or before Monday, September 19, 2022. Buyer will be required to enter into a written contract at the close of the auction. Macon County Title Co. 143 N. Water St. Decatur, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Seller reserves the right to accept or reject any or all bids. A 10 (Ten) percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Here is a great opportunity to purchase a well established restaurant, that has been in Decatur for 101 years! Don’t miss out! -CORY
Auction Terms & Conditions Real Estate Terms & Conditions: 10% down at close of auction. Balance due and possession at closing on or before Monday, September 19, 2022. Buyer will be required to enter into a written contract at the close of the auction. Macon County Title Co. 143 N. Water St. Decatur, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Seller reserves the right to accept or reject any or all bids. A 10 (Ten) percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Here is a great opportunity to purchase a well established restaurant, that has been in Decatur for 101 years! Don’t miss out! -CORY --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Real Estate Terms & Conditions: 10% down at close of auction. Balance due and possession at closing on or before Monday, September 19, 2022. Buyer will be required to enter into a written contract at the close of the auction. Macon County Title Co. 143 N. Water St. Decatur, IL will handle all title work and closing. Real Estate sold “AS IS”, no warranties either expressed or implied. Real Estate taxes will be pro-rated up to time of closing. Have all financial arrangements and inspections made prior to bidding. Seller reserves the right to accept or reject any or all bids. A 10 (Ten) percent buyers premium will apply to the high bid to establish a contract bid. AUCTIONEER’S NOTE: Here is a great opportunity to purchase a well established restaurant, that has been in Decatur for 101 years! Don’t miss out! -CORY