THIS IS A COMPLETED SALE
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View current listings by this company
Commercial Real Estate on US-31 Hwy
Listing ID#: 342060
Sale Location |
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Torch Lake Twp, MI 49622 |
Sale Dates and Times |
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Bidding Starts: Sunday Oct 4 Bidding Ends: Sunday Oct 4 |
Sale Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Leist Auctioneers Contact: Wade Leist Phone: 231-330-1042 Email: wadeleist@gmail.com Website: www.michiganauction.com EstateSale.com ID#: 5151 View company information and listings |
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Listing Terms and Conditions |
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PROPERTY SELLING AS-IS.
SELLER SHALL PROVIDE TITLE INSURANCE BUYER PAYS 50% OF CLOSING COSTS WINNING BIDDERS SHALL IMMEDIATELY PRODUCE A $10,000 EARNEST MONEY DEPOSIT -contact Leist Auctioneers to request EMD payment instructions prior to bidding. HIGH BIDDERS FOR AUCTION LOT 1 AND AUCTION LOT 2 MAY BE NULLIFIED BY AN EXCEEDING BID ON AUCTION LOT 3. - see auction descriptions for explanations REMAINDER OF PURCHASE PRICE DUE AT CLOSING WITHIN 45 DAYS OF AUCTION CONCLUSION DEPOSIT IS NOT CONDITIONAL UPON FINANCING, INSPECTION, OR ANY OTHER REASON |
Listing Information |
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PRIME COMMERCIAL REAL ESTATE: high traffic, high visibility location with 8500 square foot building and 135 foot of US-31 Hwy frontage! Wine tasting, event hosting, storage, concert venue, reception hall, brewery...incredible options! Take advantage of this rare opportunity to invest in commercial real estate in Northern Michigan. Properties like this are rarely on the market, and never open to transparent bidding! This building has served commercial /retail interests in the past and is now ready to usher a new client into an evolving area. Torch Lake Twp. offers this location nearby access to one of the worlds prettiest inland lakes, Torch Lake...as well as Lake Michigan. Area tourism is flourishing as guests enjoy year round activities such as boating, camping, fishing, skiing, hunting and golfing. The area boasts 12 local golf courses including some of the highest rated in Michigan. PROPERTY DESCRIPTION The property is made up of 4 seperate parcels totalling 6.05 acres. Parcels 1-3 will be offered as one auction lot and will include an 8547 square foot commercial building. This building is block constructed, has septic, well and propane fueled hot water boiler heating system. There is over 390 feet of frontage on Barnes Park Rd. with ample parking. Parcel 4 is a vacant land parcel with 135 foot of frontage along US-31 Hwy and another 135 feet along Barnes Park Rd. AUCTION LOT #1 will consist of parcel 1 (05-14-495-018-00), parcel 2 (05-14-495-020-00) and parcel 3 (05-14-495-023-00). The high bid on this auction lot will be held until the conclusion of bidding on Auction Lot #3. AUCTION LOT #2 will consist of parcel 4 (05-14-495-016-00). The high bid on this auction lot will be held until the conclusion of bidding on Auction Lot #3. AUCTION LOT #3 will consist of the entire properties listed in both Auction Lot #1 and Auction Lot #2. The high bidder on Lot #3 must exceed the total high bid combination of Auction Lot #1 and Auction Lot #2. An exceeding bid on Auction Lot #3 will nullify the high bids from Auction Lot #1 and Auction Lot #2. BIDDER PACKETS Interested bidders may contact Leist Auctioneers at 833-323-2BID or leistauctioneers@gmail.com to request an emailed version of the Bidder Packet. The bidder packet will include: -May 2020 appraisal -Instructions for Online Bidder Registration -Auction Terms and Conditions - also located online -Showing Instructions -FAAQ - Frequently Asked Auction Questions -Property Tax Information -Any Inspections -if any are completed
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PARCELS 1,2,3
Combinations of Antrim County parcels 05-14-495-018-00 and 05-14-495-020-00 and 05-14-495-023-00. Totaling approximately 5.6 acres and including 8547 square foot commercial building, and 390 feet of Barnes Park Road frontage. The high bid on this au... 2
PARCEL 4
Antrim County parcel 05-14-495-016-00. Vacant lot (photo shows a house that was removed spring 2020) with 135 feet of frontage on US-31 Hwy and 135 feet of frontage on Barnes Park Road. Parcel is approximately .42 acres and has prime location value. ... 3
PARCELS 1, 2, 3 AND 4
All the parcels combined in this one lot. The high bidder on this auction lot must exceed the combination of high bids from Auction Lot #1 and Auction Lot #2. The high bid on this auction lot may be nullified if it does not exceed the combination of ... |
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