Auction Preview: SAT. SEPT. 28TH @ NOON!
Income producing 3 story commercial building in the quaint village of Grand Rapids, OH. Formerly utilized as the Grand Rapids Lodge 289 F&A.M. The first floor is currently leased by the Providence House @ $525.00/mo. (lease is under document tab). Second floor was used as a banquet hall and the third floor was the lodge.
Wood County Parcel#: E19-509-070205013000, Legal Description: Inlot 22 W30', Grand Rapids Township, Year built: 1900, Total Square Feet: 7110 (each floor is 2,370 sf), Lot Size: 30'x151'. Building dimensions: 30'x79'. Yearly Property Taxes: $361.90. Each floor has 1 bathroom. Street parking. Rubber roof, GFA furnace (Suburban natural gas), no central air. Public (Village of Grand Rapids) water & sewer. Toledo Edison Electric co. Tenant pays all utilities for the 1st floor.
This all-brick historic building has unlimited potential. Located in a flood zone as most of downtown Grand Rapids.
Auctioneer/Realtor is seller's agent. Building will be sold "as-is". Information deemed reliable but not guaranteed. Buyer to do their own due diligence. Successful bidder required to put down a $5,000 non-refundable deposit with balance due within 30 days of contract execution.
$5,000 down from successful bidder in the form of cashier's check made payable to Don Rose Auction & Realty. 10% buyer's premium will be added to final bid to establish contract price. This is a Seller Confirmation auction. Closing to be held at Marsh & Rothenbuler Title, BG within 30 days of executed contract.
ON-LINE AUCTION TERMS & CONDITIONS
VERY IMPORTANT! READ CAREFULLY BEFORE YOU ATTEMPT TO BID. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND RULES THAT ARE STATED HERE.
NOTE: This is a "soft close" auction. This prevents the item or items up for bid from being "sniped" from bidders in the last few seconds of the auction. In this case, the soft close is set to 2 minutes. This means that any bids that are placed in the last 2 minutes of the auction will automatically extend the auction an additional 2 minutes.
THERE IS A 10% BUYER'S PREMIUM IN EFFECT FOR THIS AUCTION. PRE-QUALIFIED FOR CONVENTIONAL FINANCING OR CASH ONLY.
GENERAL TERMS: Home selling as-is with no contingencies! The auction will be conducted by Don Rose Auctioneers, LLC d/b/a Don Rose Auctioneers (Auctioneer) on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and conditions that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officers, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property.
All information is deemed to be reliable but not guaranteed. Buyer is responsible for their own due diligence and inspection of the property.
This is seller confirmation auction. Auctioneer will contact the highest bidder immediately after the auction concludes.
