Auction Location: 351 Dewey Street, Foley, MN 56329
Phone: 612-910-5674
Lot Categories: Commercial Property (1)
Auction Closed
08/31/2021 08:00 pm
Closed
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.
Will accept Cryptocurrency/Cash/Wire/ Cashiers check for payment.
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.
Empire Wholesale accepts no responsibility for any injuries that occur on the property at any time or while being shown the property by a real estate agent/broker.
Will accept Cryptocurrency/Cash/Wire/ Cashiers check for payment.
| 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
This auction is contracted and managed by Empire Wholesale.
This affiliate accepts Cash, Credit card up to $5000, Cashier's Check.
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