Commercial Property - 17.8 +/- Acres & Commercial Buildings in Monticello, Ky at Absolute Live/Online Auction

Commercial Property - 17.8 +/- Acres & Commercial Buildings in Monticello, Ky 
at Absolute Live/Online Auction
Saturday, March 28th, 2026 at 10:00AM
694 State Hwy 3106, Monticello, KY 42633

Preview Dates: Wednesday, March 18th, 2026 from 12PM to 6PM and Wednesday, March 25th, 2026 from 12PM to 6PM

The heirs of the late Mr. Gregory have authorized the sale of this well-located commercial property at absolute auction. Offering approximately 17.8 acres of valuable real estate, the property will be offered in multiple tracts to provide flexibility for investors, business owners, and developers seeking commercial land with excellent accessibility and strong development potential.

Tracts 1 and 2 measure approximately 2.90 acres and 2.88 acres respectively and lay well for a variety of commercial uses. Tract 3 contains approximately 3.85 acres and is improved with several structures that could adapt to numerous commercial or industrial applications. The primary improvement is a large warehouse building offering approximately 43,358 square feet of space that includes warehouse area along with breakroom and restroom facilities. Also located on this tract is a modular home with an attached singlewide currently being utilized as office space, containing approximately 1,870 square feet. The property is serviced by city utilities and three-phase electric, making it well suited for manufacturing, storage, distribution, or other commercial operations.

Tracts 1, 2 and 3 all offer road frontage along Old Hwy 90 and are conveniently located just minutes from downtown Monticello and KY-90, providing easy access for commercial traffic and daily operations. An ingress and egress easement runs along the front of Tract 2 to provide access to Tract 1, as well as between Tracts 2 and 3 to provide access to the rear tracts.

Tract 4 consists of approximately 2.88 acres of level ground and is improved with a large metal storage building measuring approximately 16,500 square feet with concrete floor and electrical wiring in place. This tract also includes a metal machinery shed measuring approximately 46 feet by 100 feet. The storage building will sell separately from the warehouse tract, and the purchaser will be responsible for installing an electric meter.

Tract 5 measures approximately 5.30 acres of cleared land with no existing improvements, providing a great opportunity for new construction, commercial expansion, or future development.

The property will be offered utilizing the multi-parcel auction method, allowing prospective buyers the opportunity to purchase individual tracts, combinations of tracts, or the entire property, selling in the manner that produces the highest return. This format creates competitive bidding while giving buyers the flexibility to acquire the acreage and improvements that best fit their needs.

In addition to the real estate, a large selection of farm equipment, classic vehicles, and tools from the Gregory Estate will also be sold. These items will be cataloged and marketed separately as part of a dedicated auction catalog.

REAL ESTATE TERMS:

Auction Premium: There will be a 10% Auction Premium added to the winning bid.  The sum of the winning bid plus the Auction Premium will be the sales price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. 

SELLER FINANCING OPTION: The Sellers have offered to provide owner financing on the real estate portion of the sale. The Buyer shall provide a down payment equal to twenty percent (20%) of the purchase price, with the remaining balance financed by the Sellers. The unpaid balance shall be amortized over a period of ten (10) years with equal semi-annual payments of principal and interest, calculated at an interest rate of five and one-half percent (5.5%) per annum. Terms of the financing shall be further evidenced by a promissory note and secured by a mortgage on the property.

MULTI-PARCEL AUCTION:  The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers.  This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.

This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2025. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.

MULTI-PARCEL "SIMULCAST" LIVE & ONLINE AUCTION INSTRUCTIONS/TERMS:

Ford Brothers, Inc.  Online Auctions are timed events, so time is of the essence. At Ford Brothers Multi-Parcel auctions, to bid you must proceed to the catalog.  Inside the catalog, you will need to bid on individual tracts of property, until combinations have been enabled. If you wish to bid on a combination of tracts, we suggest that you do not bid on individual tracts, because you can be placed in the lead on an individual tract of property at any time during the auction. Please check for announcements and notes from the software auctioneer in charge. There is NOT a max bid feature via the Multi-Parcel online auction platform.  There are lots of announcements and warnings during auction, giving each bidder fair warning the auction will be closing. Please place bids in a timely manner.  If you have any questions about bidding in the Multi-Parcel Simulcast format, be sure to give us a call at 606-679-2212.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. 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 Ford Brothers, Inc.

For more details, contact us today!

Danny Ford, Auctioneer