Foley, MN
2 Commercial buildings that have been combined to make one large retail space, the buildings still have separate property identification numbers so a wall could be put up and the buildings could be rented or sold individually. Buildings combined are approximately 9,364 total square feet.
The building with the vintage Foley Drug sign faces Dewey Street and the building with the brick face front is facing 4th Street N (Main Street). Both buildings have a separate entrance and separate furnaces. The building facing 4th street which is the main road through downtown Foley has 3 doors on the front of the building, one door to enter the large retail space, one door to access the upper level which is currently used for storage, also a door which enters into what was a coffee shop but could also be used for a cafe/office/retail space. Both buildings have a separate entrance to the unfinished upper level.
These buildings offer on street parking, frontage on 2 major streets, 4614 sq ft of finished retail space on the mail level, all shelving included, camera system and fixtures included. Building is approximately 9364 sq ft total.
There is only a 3% buyers premium on this Auction instead of the typical 13% buyer premium that is charged on other auctions.
Seller will cooperate with Real Estate Agents wanting to show the property and will agree to a 2.5% commission payout on a signed purchase agreement by both parties.
The property comes with a clear title that has title insurance ran to ensure a clear title. There is a street assessment of $2087 on the property for street improvements. Annual property taxes for building 1 on Dewey Street is $1010 and building 2 on 4th street is $1832.
The Property is located in Benton County and the Property ID numbers are 130027500 for Building 1 and 130026800 for building 2.
Winning bidder will need to provide a $2500 non refundable cashiers check to Empire Wholesale for down payment and will have the remainder balance paid within 10 business days unless using financing to purchase the property, in that case there will be 35 days to pay the balance unless otherwise arranged between both parties.
Please contact Empire Wholesale for any questions 612-910-5674
Real Estate Agents or Brokers please contact Empire Wholesale LLC for showings 612-910-5674 There is a lock box on the property.
| 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 |
| Hammer Price Tier | Buyer's Premium | Cap |
|---|---|---|
| $0.00 - $4,999.99 | 13.00% | |
| $5,000.00 - infinity | 10.00% | $1,000.00 |
This auction is contracted and managed by: Empire Wholesale
Manager: Tony Socher
Empire Wholesale and Anthony Socher are not responsible for any accidents or injuries that occur on the property at anytime and you are waiving your ability to take legal actions against Empire Wholesale llc or Anthony Socher by entering the property.
Winning bidder will need to provide a $2500 non refundable cashiers check for down payment and will have the remainder balance paid within 10 business days unless using financing to purchase the property, in that case there will be 30 days to pay the balance unless otherwise arranged between both parties.
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.
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.
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
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:
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.
No shipping available for this auction.
| Bidder | Placed | High Bid |
|---|---|---|
|
369783
|
Apr 24 08:42pm
| $60,000.00 |
|
67544
|
Apr 21 11:53am
| $50,100.00 |
|
368878
|
Apr 17 09:39pm
| $50,000.00 |
|
357829
|
Apr 14 02:40am
| $20,000.00 |
|
348553
|
Apr 13 09:27pm
| $4,100.00 |
|
192662
|
Apr 11 11:53pm
| $4,000.00 |
|
348553
|
Apr 07 08:24pm
| $2,500.00 |
