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East Jordan Lake View Commercial Real Estate within Qualified Opportunity Zone
Listing ID#: 368496
| Sale Location |
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East Jordan, MI 49727 |
| Sale Dates and Times |
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Bidding Starts: Monday Aug 16, 9:00 AM Bidding Ends: Monday Aug 16, 5:00 PM |
| Sale Type |
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 Online Auction
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| 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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Real estate selling AS-IS and WHERE-IS with no warranties of any type expressed or implied. Any improvements which must be made are the responsibility of the purchaser. Property dimensions and boundaries are approximations only and have been estimated based on current legal descriptions. All prospective buyers shall rely entirely on their own information, judgement, and inspection of the property and records. Closing costs are shared 50%-50% between Buyer and Seller. Seller will provide title insurance at closing. A 5% non-refundable earnest money deposit is due at time of auction with the remainder due within 30 days at closing. A 5% Buyers Premium will be applied to your winning bid to determine the full selling price. Your bidding is not conditional on financing, so be sure you have arranged needed financing and are able to pay cash at closing. All successful bidders are required to sign a Buy/Sell Agreement at the conclusion of the auction. Statements made day of auction take precedence over other stated material.
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| Listing Information |
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REAL ESTATE AUCTION ONLINE BIDDING FROM 8AM TO 5PM ON AUGUST 16 $100,000 STARTING BID AMOUNT 5% BUYER'S PREMIUM APPLIED TO FINAL BID AMOUNT
Dee and Stephen Hawkins have owned and operated Valley Graphics in East Jordan for many years. They are now relocating their business and offering the real estate at auction. This parcel features an approximate 1100 square foot building sitting on a 2.5 lot parcel. Nearly 100 foot of frontage on busy Water St. and right next to the Mill St. intersection for high traffic, and high visibility. This commercial property is within a Qualified Opportunity Zone which can qualify the buyer to defer tax on eligible gains when investing in a Qualified Opportunity Fund. Located just across the street from East Jordan's beautiful lakeshore which has been significantly improved to allow for an open space and brand new boardwalk. This property has a ton of potential for future development or current retail. Bidding will begin and end on August 16. Bidders must submit an opening bid of just $100,000. A 5% Buyers Premium will be applied to the winning bid to determine the selling price. A 5% Earnest Money Deposit will be collected by Leist Auctioneers at 8am August 17. Buyers will sign a Purchase Agreement at the time of deposit. For questions, contact Leist Auctioneers at 833-323-2BID The online catalog will be uploaded soon, and can be found at MichiganAuction.com |
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