Pippi's Family Restuarnt, Building and all Equipment contained for Food and Beverage Service
Lot #1
Item: 39d1-1040881

Thorp, WI

This Lot is:

Closed

Mon, Aug 1, 2016 6:30pm CDT

High Bidder: #11212

Current Bid:

$12,900.00

Next Required Bid: $13,000.00

Reserve Not Met

 
Location / Contact:
404 North Washington Street, Thorp, WI 54771
Phone: 612-384-8592

Lot Description:

Pippi's Firehouse Restaurant/Bar can seat up to 84 and 13 at the bar. Well kept with updates to include new metal roof and carpet in 2015, furnace less than 5 years old, Newer kitchen ventilation system. Fully equipped/turn key operation.

Listing Information for 404 N Washington Street Thorp, WI 54771

Property Type: General Commercial, Restaurant, Business Opportunities, Square Feet:2,800 (approx)

Year Built:1930

Foundation:2,800 Sq. Ft.Finished Area: 2,800 Sq. Ft. (approx)

City Water - Connected Sewer:City Sewer - Connected

Restaurant, Tavern/Lounge, Food Service

School Information for 404 N Washington Street Thorp, WI 54771 District: Thorp - 5726

Heating: Forced Air: Exterior / Lot Features Parking: On-Street Parking Only

Exterior:Wood, Brick, Stone

Lot Dimensions:75x50 Zoning:Business/Commercial

Driving Directions SE Corner of Washington St and Birch St

Financial Considerations: Assessments:$0 AuctionTax/Property ID:2860430000 Tax Amount:$1,588 Tax Year:2015

Terms:Conventional, Cash  Inclusions:Business, Land, Inventory, Fixture/Equipment

Property is being offered As-Is without any contingencies.v

TERMS: $10,000 in certified funds down upon signing purchase agreement, closing on or before 45 days from auction close.  Earnest money will be credited to the buyer's funds at title closing.  Winning bidder party must contact seller's Real Estate Agent Jason Huebner at 715-858-1539 Tuesday, August 2nd to set Purchase Agreement Signing AT THE SALE Property or at the Eau Claire Edina REalty Office on or before August 3rd at 6 pm.   4% Buyers Premium will be added to high bid to equal contract price.  This property is offered with reserve. All Bidding Done Online At www.K-BID.com 

K-Bid Affiliate: A2C Auctions Matt Johnson (612) 384-8592 with bidding questions. 
Edina Realty Agent Jason Huebner, 715-858-1539 With Building and Inspection Questions

Inspection

Auction Closing:

Mon, Aug 01, 2016
06:30 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Buyer's Premium
4.00%


This auction is contracted and managed by: A2C

Manager: Matt Johnson


ONLINE BIDDING ONLY

A2C Buyer's Premium 4%.  Buyer's Premium will be added over and above the high bid to equal the contract price. (i.e. $100,000 high bid + 4% A2C buyer's premium = Contract price of $104,000.)

TERMS:  

Earnest money is $10,000.00 non-refundable in certified funds due upon signing purchase agreement, closing on or before 45 days from auction close.  Earnest money will be credited to buyer funds at title closing.  Winning bidder party must contact seller's Real Estate Agent Tuesday, August 2nd to set purchase agreement signing AT THE SALE property or the Eau Claire Edina Realty Office on or before August 3rd at 6 pm.  Property is being offered AS IS without any contingencies. Local Health Inspections Are Current and In good Standing. has been completed.  


Auction Terms Addendum

This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.



404 North Washington Street
Thorp
WI, 54771


Phone: 612-384-8592

No Shipping Available

Bid History

9 Bid(s)
Bidder Placed High Bid
11212
Aug 01 05:39pm
$12,900.00
221426
Aug 01 05:12pm
$12,800.00
11212
Aug 01 05:03pm
$12,700.00
221426
Jul 28 08:55am
$12,600.00
11212
Jul 13 04:06pm
$12,500.00
221426
Jul 07 10:43pm
$12,000.00
150910
Jul 04 11:57am
$7,770.00
234956
Jul 01 07:23am
$5,000.00
230325
Jun 30 08:13pm
$2.00