Commerical Building and Lot

REAL ESTATE AUCTION

OF

COMMERCIAL BUILDING AND LARGE COMMERCIAL LOT

Located at 119 South Centreville Road

STURGIS, MICHIGAN

SATURDAY, JULY 31, 2010

Starting at 9:30AM

LOCATION – LOCATION – LOCATION

LOT:  105’ feet of frontage on M-66 (Centreville Road) and 370’ deep, with approximately 55 parking spaces, 38,850 square feet of land with all city utilities.  This property is located just one block south of US 12, a couple of doors away from Burger King, K-Mart and other high traffic businesses in Sturgis.    This property would make a great location for a reception hall, church, re-sale shop, auction gallery and endless other possibilities.  This is an outstanding location in an extremely high traffic area.

IMPROVEMENTS:  8600 square foot building with 1600 square foot attached 3 bedroom apartment formerly used as a skating rink.   

TERMS:  10% down the day of the auction which in non-refundable.  The balance will be due at final closing within 30 days.  Taxes will be prorated to the day of closing.  Seller will provide title insurance and deed at closing.  The closing fee of approximately $200 will be split 50/50 between the buyer and seller.  The property is sold in “AS IS” condition and subject to sellers approval.

POSSESSION:  Day of Closing.

INSPECTION:  Contact the auction company at 260-854-2859 for an appointment to view this property.  The property will also be open 1 hour prior to the auction for inspection.

BUYER BROKERAGE:  The seller will pay a 2% Buyer Brokerage Fee to any licensed real estate agent or auctioneer who registers the successful bidder at the auction.  Agent must register their buyer with Strawser Auctions 48 hours prior to the auction.  Contact the auctioneer for terms and details.

AGENCY:  Strawser Auctions staff are exclusive agents of the seller. 

DISCLAIMER:  This property is being sold in “AS IS” condition.  Prospective bidders are responsible for making their own inspections of the property with regards to condition, environmental, zoning, permits  and any and all other inspections and approvals as may be necessary.  All sizes and dimensions stated are approximate. 

AUCTIONEERS NOTE:  The sellers are motivated to sell this property.  This is an outstanding investment opportunity.  Don’t let this property sell for less than you would have paid.

FARMERS STATE BANK, OWNER