LIVE REAL ESTATE AUCTION: 519 Market St., Mt. Carmel, IL (Pat's Pawn)

519 Market St., Mt. Carmel, IL

Wednesday November 18, 2026 10:00 am

Description:

519 Market St., Mt. Carmel, IL – PAT’S PAWN – 5 APARTMENTS – STORAGE – LARGE DISPLAY ROOM – INCOMING PRODUCING!

THIS IS A LIVE AUCTION – THERE IS NO ONLINE BIDDING – LISTING THIS AUCTION ON OUR BIDDING PLATFORM IS FOR ADVERTISING PURPOSES ONLY

Bidders have the opportunity to bid on a nice commercial property centrally located on Market St. in Mt. Carmel, IL formerly known as Pat’s Pawn.  This property offers great income potential as it hosts a owners suite, and 4 additional 1 bedroom apartments.  Two of the apartments are currently being rented on a verbal monthly contract at $800 per unit.  Once the property sells, the new owner can negotiate new terms if tenants have not moved out.  Tenants made aware of auction and been informed by sellers of terms.  Join us on Wednesday, November 18th for this live auction to be held indoors at the property itself.  Viewing can be done by calling the auction company to schedule an appointment or by coming early before the auction.  Tenants do have the right to refuse viewing of their apartment unit.  Doors will open at 9:15am.  Property will hold reserve and will sell upon approval of the selling party.  See terms and conditions below.

PAT’S PAWN – 519 MARKET ST., MT. CARMEL, IL – WABASH COUNTY

Go to our website to view, mobleygrant.com for information

SELLERS: Debbie Joliff and Diana Collins

AUCTION LOCATION:  519 Market St., Mt. Carmel, IL

AUCTION DATE:  Wednesday, November 18th at 10AM – doors open at 9:15am

TERMS & CONDITIONS

10% deposit required down on day of sale, with balance being due within 45 days of auction.  Personal check, business check, or cashier’s check are acceptable.  Successful bidder will enter into a Purchase Agreement immediately after the auction concludes. Taxes will be pro-rated to closing date.  Title insurance paid by seller.  Mineral rights of record to be conveyed to buyer.  Possession granted upon closing.  Warranty deed to be granted at closing.  6% Buyer’s Premium added to final bid price to determine contract selling price,  Property sells subject to seller approval.

AUCTIONEER/BROKER INFO:  Bryan Grant – IL 441.002250/IL 475.220600 in conjunction with Storckman Realty as Sponsoring Broker – IL 478.008578