100 Eastgate Drive
Danville, IL, 61834, United States
Property ID: #31063 // COMMERCIAL
- Address100 Eastgate Drive
- CountryUnited States
- MunicipalityDanville Township
- Property TypeCommercial
- Additional TypesCommercial, Office, Warehousing
- Parcel Number23-12-451-030
- Lot Size10.5 +/- Acres
- Square Feet67,500
Excellent 67,500 sq. ft., single-story industrial facility with a two-story 5,118 sq. ft. office on 10.5 +/- acres. The office includes approx. 3,868 sq. ft of air-conditioned office including four private offices, conference room, IT room, kitchenette, and large open accounting areas; one 1,250 sq. ft. shipping office. Also included in this facility is a 100% sprinkler wet system throughout the entire plant, a 40,974 sq. ft. dry warehouse, and a 21,408 sq. ft. freezer/cooler. Adjacent lot available with 5 acres and rail.
Conveniently located between Interstate 74 and Highway 136 near the Illinois and Indiana border.
- Buyer's Fee: 0%
- Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
- Brokers and Agents are fully protected and encouraged to participate.
- RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.
Tips for Buying a Home
So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.
1. Determine Your Budget & Save
Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?
2. Secure a Loan
Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.
3. Be Prepared
Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.
4. Stay Informed
Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.
Other Auction Event Listings
Online Only Event/Auction:
October 24th 10:00am - 4:00pm CDT
- Additional Licensing Information:
- Broker: Wade Micoley #471.018175
- Broker Firm: Micoley.com LLC #481.011994
Please contact your local lender