Auction Location: 351 Dewey Street, Foley, MN 56329
Phone: 612-910-5674
Lot Categories: Commercial Property (1)
Auction Closed
04/25/2021 08:15 pm
Closed
2 Commercial buildings that have been combined to make one large retail space but the buildings still have separate property identification numbers so a wall could be put up and the buildings could be rented or sold individually.
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 furnace. 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 or office. 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.
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
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Removal day is not an inspection day.
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Auction Process
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Sales Tax
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No shipping available for this auction.
