Historic 2,500+ square foot two story building in Hermann

Property Information

Property address: 210 Schiller Street, Hermann, MO 65041.

Historic 2,500+ square foot two story building:

• This building will be a complete rehab project
• This building has been deemed by the City of Hermann Building Inspector to be unfit for human occupancy.  It has not been condemned and buyers will be allowed to submit plans to the city for a permit for a total rehab project.
• Located in one of the most desirable commercial/historic districts in the town of Hermann
• The original brick portion of this building is one of the oldest structures in Hermann
• Natural gas furnace
• 40’x20’ newer detached garage

County: Gasconade

Legal description of property:

All of the North fifty (50) feet of Lot No. Fifteen (15), on East Third Street in the Town, now City of Hermann, as per plat thereof which ground embraces 50 feet front on its East side on Schiller Street, by 60 feet width East and West.

Taxes paid for the year 2021: $1,414.16

School district: Gasconade County R1 – Hermann

Sewer: Hermann city sewer

Water: Hermann city water

Electric provider: Hermann city electric

Lot size: 50’x60’

Zoning: Commercial C1.  This property is located in the Historic District of the City of Hermann and improvements or alterations are subject to approval of The Landmarks Commission.  The Landmarks Commission oversees zoning regulations pertaining to buildings in the historic district. Five members are appointed by the mayor, with approval of the Board of Aldermen. One member also serves on the Planning and Zoning Commission.

Easements: The sale of this property is subject to any and all easements, restrictions, reservations of record, if any.

Lead based paint disclosure: Any structure built on or before 1978 may contain lead-based paint.  The Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the building, but that does not mean it may not be present.  The Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the building.  The Purchaser will receive at contract signing the pamphlet Protect Your Family from Lead in Your Home.  The Purchaser is waiving the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards after the sales contract signing but may at their expense have the home inspected for lead-based paint before the close of the auction.

Information was gathered from sources deemed reliable and is believed to be correct.  However, the Auction Company does not guarantee any information herein.  Buyer is to verify all information herein.

Auction Terms & Conditions

This is an online auction, no live auction will be held.  If you prefer to turn in an absentee bid in person, please call 573-834-2207 or 573-291-8075 to make arrangements.  All Bidders registering for this auction will have to be approved by the Auction Company before any bids can be placed to prevent an unqualified Bidder from placing bids (example: an underage person or a person with a fraudulent bidding account).

Property inspection: All bidders will be required to meet with an Auction Company representative to personally inspect the property before placing any bids.

Auction closing: The auction will begin closing on Thursday, February 10^th, 2022 at 7:00 PM Central Time. The closing time will be automatically extended an additional 2 minutes whenever a bid is placed within the last 2 minutes of the auction. When no more bids are placed in the last two minutes of the auction the bidding will close.

Deposit & contract signing: The winning Bidder is required to bring a deposit of $5,000.00 to the office of Schneider Auctioneers, LLC located at 4177 Hwy V V, Berger, MO 63014 and execute a purchase agreement the next business day following the conclusion of the online auction. Deposit must be in the form of personal or business check. Balance must be paid at closing, within 60 days of the close of bidding.

Procedure: The property will be sold in one parcel and the bidding will be a lump sum amount.

This property sells to the highest Bidder regardless of price.

This property will be sold in “AS IS, WHERE IS” condition without any representation or warranty of any kind, whether express or implied. The Purchaser shall have satisfied themselves as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was derived from courthouse and other records and are believed to be correct; however, neither the Seller nor the Auction Company makes any guarantee or warranty as to the accuracy or completeness of such information.

This property sells without contingencies. Any inspections or financing needed by the Purchaser must be made or arranged before the close of bidding at the Purchaser’s expense. The sale of this property will not be subject to contingencies for inspections, financing or appraisals needed by the Purchaser.

Buyer’s premium: There will be a three percent (3%) Buyer’s Premium added to the winning bid price to arrive at the total contract sale price to be paid by the Purchaser. Example: If you bid $100,000.00, the total sale price at closing will be $103,000.00 plus applicable closing costs.

The Auction Company reserves the right to cancel, suspend, extend or reschedule an auction event or to make changes to the auction closing times in the event of any unforeseen technical or legal problems.

Escrow Agent: The deposit and purchase monies in respect of the property shall be paid to and deposited with York Title & Abstract in Montgomery City, MO.

Possession & closing: Purchaser will receive possession at closing. The sale shall be closed within 60 days (or sooner if possible) of the close of bidding at the office of York Title & Abstract, 1155 Aguilar Dr., Montgomery City, MO 63361, telephone: 573-564-8021, on or before the 11th day of April, 2022. The Seller at closing will convey good and marketable title.

Title: Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price, and shall execute a Warranty Deed conveying the real estate to the Purchaser. Seller shall pay the premium of the title insurance policy.

Closing costs: At closing, Seller shall pay for its escrow and closing fees, and all of the costs for preparation of all documents to convey the property. At closing, Purchaser shall pay for its escrow and closing fees, any and all recording fees, and all other sale, financing or closing fees as required. Taxes, assessments and association fees, if any, shall be prorated to the date of closing.

No new survey: The property will be conveyed according to the existing legal description; a new survey will not be performed by the Seller or the Auction Company. The acreage amount listed is only approximate and was obtained from Gasconade County Courthouse tax records and may not agree with the actual acreage amount if the Seller conducts a new survey.

Miscellaneous: All decisions of the Auction Company are final as to the methods of bidding, disputes among Bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Auction Company reserves the right to deny any person the right to participate in the auction for any reason, or to ban anyone from the auction who attempts to disrupt it.

Age requirement: All bidders must be 18 years of age or older.

Server & software technical issues: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Schneider Auctioneers, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Schneider Auctioneers, LLC shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications will be sent to registered bidders with updated information as deemed necessary by Schneider Auctioneers, LLC.