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Commercial Auction: Professional Office Building | St. Joseph, MO

10,292sf Two-Level Office Building in Great Location Sells to the Highest Bidder over $350,000! Last listed at $900,000!


Multi-tenant /single-user freestanding office on 1.3 acres. Two floors, 3 private entrances, 76 paved parking spaces. Wide range of uses. Sells at live auction on Sept. 19th at noon. Last list $900,000 – Seller’s reserve only $350,000!

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Begins: 09/19/18 at 12:00 PM CDT
Location: 1314 N 36th Street, St. Joseph, MO 64506

PROPERTY INSPECTIONS: WEDNESDAYS, AUG. 29TH & SEPT. 5TH; 11AM-1PM

1314 N 36th Street, St. Joseph, MO  64506

Bidding opens at seller’s reserve of only $350,000!  (Last list of $900,000).  Good upside potential in a great location near major shopping, restaurants and schools.  Solid two-level building professional office building in good repair.  10,292 SF just off the bustling Frederick Avenue commercial corridor.

BUILDING TYPE:  Commercial Office

BUILDING AREA:  10,292 square feet (two levels)

YEAR BUILT:  1983

LOCATION:  Just north of Frederick Avenue immediately adjacent to Bishop LeBlond High School

FLOORS:  Two (Main level at grade and finished lower level walk-out)

ENTRANCES:   Three – Front (east) from parking lot, Side (south) and Rear (west) both from lower parking lot

STAIRWELL:   One (located at center/rear of building)

PARKING:   76 total spaces, asphalt paved and well marked

EXTERIOR:   Brick

INTERIOR:   Carpet (lower level waiting room), plywood decking, drywall, acoustical tile ceilings w/ fluorescent and can lighting

ROOF:   Built-up and composite

HVAC:   Central zoned

RESTROOMS:   6 (main level), 4 (lower level); all tile

Irrigation:   Metered separately from building

ZONING:   C-1 Neighborhood Commercial

PARCEL ID:   06-2.0-03-004-000-015.002

LEGAL:   03-57-35SE SUB: LOT: BLK: LGL DESC:BEG AT SE COR TH N ALG E/L 888.40′ TH W 20′ FOR POB TH W 263′ N 214′ E 263′ TO W/L OF 36TH ST TH S215′ TO POB

2017 TAXES:   $11,877.43

AUCTION RESERVE:   $350,000

LAST LIST:   $900,000

 

THE LOCATION

On North 36th Street just off Frederick Avenue.  Less than a mile to I-29, the immediate area also

includes major retail, hotel/motel, dining and residential.  35 minutes to Kansas City International

Airport.

 

AUCTIONEER’S NOTE

Our seller is serious!  Last listed at $900,000 ($87.44/sf), the seller’s reserve is only $350,00 ($34.00/sf). 

Whether you move your business in or lease it out (or both), there is good upside potential here.  Come to an inspection on August 29th or September 5th and see for yourself!  There’s no other opportunity like this and when the gavel falls on September 19th, it’s gone.

AUCTION TERMS AND CONDITIONS:

 

REGISTRATION:

Onsite bidder registration will begin one hour before the auction. Online bidder registration is open now. All bidders must provide a valid driver’s license and current address.  Online bidders must also provide a credit card to register.  By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.

 

DOWN PAYMENT:

The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price immediately following the close of bidding.   Cash, cashier’s check or personal/business check will be accepted from onsite bidders.  Bank wire will also be accepted from online bidders.

 

FINANCING:

Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.

 

CONTRACT SIGNING:

The successful bidder(s) shall execute a purchase agreement immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.

 

CLOSING:

Buyer(s) shall close within 30 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.

 

EVIDENCE OF TITLE

Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES & ASSESSMENTS:

2018 taxes are to be prorated as of the closing date.

 

EASEMENTS AND LEASES:

Sale of said property is subject to any and all easements of record and any and all leases.

 

AGENCY:

Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.

 

BUYER’S PREMIUM:

A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).

 

BROKER PARTICIPATION:

A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.

 

DISCLAIMERS AND ABSENCE OF WARRANTIES

The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it.  All sketches and dimensions are approximate.  No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.

 

I-29 to Frederick Ave. exit, west to N. 36th St., north to address on left.

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