Auction Location: 508 Main Street, Saint James, MN 56162
Phone: 612-910-5674
Lot Categories: Commercial Property (1)
Auction Closed
06/25/2017 08:00 pm
Closed
Huge Commercial Building approximately 11,000 finished square feet. This building was formally Yvette's Supper Club and also a former reception hall called The Town Hall, With a HUGE dance floor and bar located in the lower level of the building and a huge area on the upper level featuring a former kitchen area, office and large open area, this space could be used for so many things such as a bar, restaurant, office, warehouse or really anything your imagination can come up with. The building has a small leak around a vent on the roof which has caused some water damage in an area of the upper level but could be fixed with some sheetrock and vent repair, The roof is asphalt shingles and in good condition, The outer walls are constructed of cement block for long lasting strength. This property has numerous new plumbing supplies and has 2 new furnaces hooked up and a large commercial AC unit located inside of the building.
Ormsby is located 14 minutes South of St. James MN off of Highway 60 and only 16 minutes North of Interstate 90 which makes this a very convenient location for any business and great access from two major freeways.
There is only a 5% buyers fee instead of the typical 10% fee on this Auction.
This building was a former foreclosure so the water and electric are not currently active at this property and may need some repairs.
This building is owned Free and Clear and has no liens or assessments and will sell with a very low reserve.
2017 Property Taxes are $1222
Buyer of this Home must be paid in full within 5 days of Auction close.
5% Buyers Premium will be added to winning bid. Ex: $30,000 winning bid will pay a $1500 buyers premium.
Winning bidder will receive a notarized quit claim deed to the property when paid in full.
This Auction has A low reserve below tax value!
Property is sold As Is/Where is.
Empire Wholesale and Anthony Socher are not responsible for an injuries that may occur on the property at any time.
| 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 |
|---|
| 5.00% |
This auction is contracted and managed by: Empire Wholesale
Manager: Tony Socher
This auction is contracted and managed by Empire Wholesale.
This affiliate accepts Cash, Credit card up to $5000, Cashier's Check.
By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms. For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction.
Everything is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.
There is a 13% BUYERS PREMIUM (13% BP) on this auction. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP).
Applicable Minnesota Sales Tax will be collected.
At the close of the auction active items will remain open until no bids have been received for three minutes.
IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid.
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.
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Removal day is not an inspection day.
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Item Condition
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Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
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Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
No shipping available for this auction.
