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Commercial Real Estate Auction

5,000 SF RETAIL/OFFICE BUILDING


This all brick property has been well maintained and features 5,000 SF of retail or office space and will be sold subject to a minimum bid of $125,000. The property was previously marketed at $330,000.

LIVE ON-SITE AUCTION
Began: 09/14/11 at 12:00 PM CDT
Location: 2120 Royal Street, Harrisonville, MO 64701
INSPECTION
Began: 08/24/11 at 10:00 AM CDT
Ended: 08/24/11 at 12:00 PM CDT
Location: 2120 Royal Street, Harrisonville, MO 64701

INSPECTION
Began: 08/31/11 at 10:00 AM CDT
Ended: 08/31/11 at 12:00 PM CDT
Location: 2120 Royal Street, Harrisonville, MO 64701

INSPECTION
Began: 09/07/11 at 10:00 AM CDT
Ended: 09/07/11 at 12:00 PM CDT
Location: 2120 Royal Street, Harrisonville, MO 64701


5,000 +/- SF RETAIL/OFFICE BUILDING

This all brick property has been well maintained and features 5000 +/- sq. ft. of retail or office space. Includes warehouse or storage area, 1 dock-high loading door, gas fired heat, air conditioning, 220v power. Sits on a .023 acre +/- site just off M291 Hwy (daily traffic count – 17,818 cars) in Harrisonville, MO. Can be divided into two suites. This property will be sold to the highest bidder subject to a minimum bid of $125,000. Property was recently listed for sale at $330,000.

HISTORY OF THIS FACILITY

The building was built in 1985 by Mr. Allan Rohman as a Sears Catalog Store which he operated for many years until Sears discontinued their catalog operations. The business changed to Allan’s Appliances and continued serving Harrisonville and Cass County for several more years.  The building was last occupied by Sharkey’s Pool Hall which Mr. Rohman operated until 2009.  He and his wife Janis have now retired and we have been selected to sell this excellent property in a public auction to the highest bidder, subject to a minimum bid of $125,000.
  

FEATURES

  • Total Building Area:   5000 +/- SF
  • Retail/Office Area:     5000 +/- SF
  • Land Area:                  .023 Acre m/l
  • Construction:              Brick
  • Year Built:                  1984
  • Clear Height:               9’ to 10’
  • Paved Parking:             10 spaces in front, 9 more in rear
  • Dock Doors:                1 dock high, north side
  • Power:                         220v
  • Lighting:                     Conventional
  • Sprinkler:                     N/A
  • Heat:                           Gas
  • Zoning:                        Commercial
  • 2010 Taxes:                 $3,364
  • Traffic Count               17,818 daily on M-291 

Seller’s Statement:  “We intend to sell the building on auction day, so the auctioneers counseled us to make the minimum bid low enough to make our intent clear to interested parties”, stated the owner.  “Someone is going to make an excellent buy on this property, but we’re ok with that.  It is time for us move on”.


AUCTIONEER’S NOTE:

Don’t miss the opportunity to buy this great investment or owner/user property at Auction Prices! Recently listed for sale at $330,000, the Owner of the property is selling to the highest bidder above the $125,000 Reserve Price.  The building will be open for your inspection on Wednesday, August 24th & 31st and September 7th from 10:00 a.m. to Noon. If you have any questions or need additional information, please let us know. We look forward to your participation in the auction. Come and bid your price!

Sincerely,

Jeff Cates

AUCTION TERMS AND CONDITIONS

 

REGISTRATION: Registration will begin one hour before the auction. All bidders must provide name, address, phone number, social security number, and a valid driver’s license. 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 at the auction site immediately following the close of bidding.  A $12,500.00 cashier’s check shall be required to bid and presented at registration unless you have made other arrangements with the Auction Company. The cashier’s check should be made payable to yourself and then shall be endorsed over to the escrow agent if you are a successful bidder. A personal or business check to bring the balance up to 10% will be accepted.

 

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 at the auction site 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.

 

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 warranty deed conveying the real estate to the buyer(s).

 

REAL ESTATE TAXES, ASSESSMENTS, & EASEMENTS: 2011 taxes are to be prorated as of the closing date. Sale of said property is subject to any and all easements of record.

 

AGENCY: Cates Auction & Realty Co., Inc. and its representatives are 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.

Video: Commercial Building Auction

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71 Highway to 291 Hwy N exit, left on 291, right on Royal.

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