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Home Town Arena- 160 acres, Home, Garage, Shop
Listing ID#: 591823
| Sale Location |
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Onaway, MI 49765 |
| Sale Dates and Times |
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Saturday Jun 24, 2023 Completed |
| Sale Type |
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 Live 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 $5,000 (per parcel) non-refundable earnest money deposit is due at time of auction with the remainder due within 45 days. 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 Video |
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| Listing Information |
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HOME TOWN ARENA EQUESTRIAN CENTER AUCTION MULTI-PARCEL LIVE AUCTION SATURDAY, JUNE 24, 2023 10am Open House Dates and Times: Saturday, June 3 from 10a-2p Friday, June 16 from 4p to 7p This is an incredible opportunity for the equine enthusiast to live their dream in beautiful Northern Michigan. The property offers the privacy of a remote location, while being just minutes from M-68. Bidders can choose a portion of this expansive property, or bid on it in it's entirety. *Over 160 acres spread across multiple parcels *80x200 indoor riding arena with apartments for viewing/meeting/residence *outdoor arena with announcing tower *beatiful 7BR 4Ba home with prairie style barn and livestock pens *heated garage, hay shed, storage building *separate parcel currently used as a sawmill (pending prior sale) Parcel 1: 10 acres with 7BR home, 30'x70x heated shop, 44'x46' livestock barn and corrals. Frontage on S. Porter Rd. and Twin School Hwy. Address 17131 Twin School Hwy. Parcel 2: 30 acres with 80'x200' Indoor Arena featuring two apartments/viewing lofts. Outdoor arena with viewing tower, 80'x30' hay shed, 48'x52' storage building. Frontage and driveway to S. Porter Rd. Address 2094 S. Porter Rd. Parcel 3: 36 acres of pasture and hay ground, apple trees and frontage on S. Porter Rd. Parcel 4: 40 acres of hay ground and wooded areas with riding trails. Located directly west of Parcel 3. Parcel is landlocked and will require some form of combination bidding to ensure access. Parcel 5: 40 acres of hay ground, pasture, and wooded low ground. Frontage along Twin School Hwy. Located directly west of Parcels 1 and 2. Parcel 6: 6 acres on the north side of Twin School Hwy. that is currently used as a sawmill. This parcel may NOT be in the auction. Please call prior to auction for clarification. Parcel 7: 1.97 acres strip beginning at S. Porter Rd. and connecting to the southern cut-out of Parcel 3. MULTI-PARCEL AUCTION EXPLANATION This auction will be conducted in a multi-parcel format with live, onsite bidding through multiple rounds. Interested bidders must register before the auction begins and produce qualified information to participate. Round 1: Bidding will commence once the auctioneer begins asking for an Opening Bid on each individual parcel. The winning bidder in this opening round of bidding is the only bidder who may advance the bid on their particular individual parcel, without entering that parcel into a combination. Round 2: Bidders will have the opportunity to combine parcels and place bids that negate individual parcel bids. Winning bidders from Round 1 may raise the bid on their desired individual parcel to break up parcel combinations and retain the ability to purchase their desired individual parcel. Competitive bidding will continue to escalate the bid amounts until no further bids are presented within a reasonable time. The auctioneer reserves the right to pause bidding at any time to allow bidders the opportunity to deliberate among themselves. Bidders are strictly prohibited from colluding with other bidders in order to manipulate the competitive market. Colluding bidders will forfeit their ability to participate in the auction. Winning bidders must provide an Earnest Money Deposit in the amount of $5,000 per parcel. The EMD is nonrefundable and is not contingent upon the Buyer's ability to close. We understand you may have never purchased real estate at auction, and perhaps have never been to any type of auction. As such, you will likely have questions related to the process. If you would like to discuss your questions privately, you may reach out to us by phone: Frank Leist – Broker, Auctioneer 231-838-2780 Wade Leist – Auction Manager 231-330-1042 |
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