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« Back to Items in Online Real Estate Auction - Dec.3 - Wayland, MI 4066 & 4070 Division Ave., Wayland, MICHIGAN
LOT 3-16

ONLINE REAL ESTATE AUCTION ~ 4066 & 4070 Division Ave., Wayland, MI - Another great income and business opportunity consisting of about 11.5 acres in 2 parcels of land with over 11,000 square feet of building space. Three warehouse/shop buildings,a nice 3 bedroom, 2 bath modular, and a convenience store with self-contained walk-in coolers with tons of paved parking. All the buildings have received many renovations in the last couple of years including newer septic systems. Green Lake Stream flows through the property and rolling hardwoods make up most of the acreage. Endless possibilities exist for business ideas for this property. Current month to month leases are generating $2250 per month from good tenants with the convenience store area still available! Selling at the direction of Secured Creditors. Please note: No personal property is included in the sale of the real estate.

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Winning Bid: $196,000.00 Time Left: COMPLETED
# of Bids: 72 (bid history) Started: 12/3/09 8:00 AM EDT
High Bidder: Papaderek Ended: 12/3/09 8:17:10 PM EDT
Bid Increment: $1,000.00 Location: 4066 & 4070 Division Ave., Wayland, MICHIGAN
First Bid: $50,000.00 Current Server Time: 9/10/10 3:02:38 AM EDT
Description
ONLINE REAL ESTATE AUCTION ~ 4066 & 4070 Division Ave., Wayland, MI-Another great income and business opportunity consisting of about 11.5 acres in 2 parcels of land with over 11,000 square feet of building space.Three warehouse/shop buildings,a nice 3 bedroom, 2 bath modular, and a convenience store with self-contained walk-in coolers with tons of paved parking. All the buildings have received many renovations in the last couple of years including newer septic systems. Green Lake Stream flows through the property and rolling hardwoods make up most of the acreage. Endless possibilities exist for business ideas for this property.Current month to month leases are generating $2250 per month from good tenants with the convenience store area still available! For complete list of features, see the More Info area on our website. Selling at the direction of Secured Creditors. Open for Viewing: Nov.24, 11a-1p; Nov.30,10a-12p; December 3, 12p-2p. Please note: No personal property is included in the sale of the real estate.
Property at a Glance
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Buyer's Premium
Photos
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Auction Terms
Inspection Times
  • •Inspection: Buyers shall rely entirely on their own information, judgment, and inspection of the property and records. Buyers can and should inspect prior to the auction. Acceptable inspection after the auction is not a contingency of your bidding so be sure you have inspected the property to your satisfaction prior to the auction. LASTBIDrealestate cannot provide inspection or access to the property after the auction until the closing. Please note the advertised Open for Viewing times.
Directions

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Other Info/Links
Special Notes

Conditions: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Potential buyers should inspect all properties before placing any bids. Any improvements which may need to be done will be the responsibility of the purchaser. All information advertised or stated was derived from sources believed to be correct but is not guaranteed. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever. The auction company retains the right to place bids on the behalf of any buyer, employee, principal, or seller. All property dimensions are only approximations. No new surveys or perk tests have been completed. Any surveys or perk tests desired will be the sole cost and responsibility of the buyer and are not a contingency of the sale. The property will be sold subject to any easements and building and use restrictions of record. The Real Estate will be sold free and clear of all liens of record, unless otherwise stated.

Closing: The balance of the purchase price will be due within 10 days of all paperwork be ready for closing but not later than 30 days after the auction. Possession will be given at the closing unless otherwise noted. Closing fees of approximately $350 will be divided evenly between the buyer and seller

Taxes: Taxes and assessments due on or before the date of the auction will be paid by the SELLER without proration. Any taxes, association dues, or assessments due after the date of the auction, will be the responsibility of the BUYER..

Deed and Title Insurance: Seller will provide at their cost, a deed to the property and an owners title insurance policy in the amount of the purchase price at closing.

Buyers Note: If you are the successful bidder, you must sign all the purchase agreements and make your deposit on the property within 2 business days of the conclusion of the auction. Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. The ability to obtain financing is NOT a contingency of the sale. Properties will be sold subject to the acceptance or rejection of the high bid by the seller(s) within 72 hours of the conclusion of the auction unless specifically stated that it is selling with No Minimums or Reserves. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion. Any exceptions to the above terms will be noted in the Additional Announcements information for each property.

Additional Buyer Costs: Unless otherwise stated, in addition to the Bid Price the Buyer will be responsible for the Buyers Premium, one half of the closing costs charged by the title company (approximately $175), and any post auction real estate taxes