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GONE! Commercial Buildings Auction

3 Buildings + 2 Parking Lots on Busy Corner!


Three office/commercial buildings totaling 9,200SF+/- of net rentable area. Immediate income from current tenants and additional space to occupy or lease. Easy access and high visibility on corner location fronting South Belt Highway.

LIVE ON-SITE AUCTION WITH ONLINE BIDDING
Began: 10/15/14 at 12:00 PM CDT
Location: 300 S. Belt Highway, St. Joseph, MO 64506
INSPECTION
Began: 10/01/14 at 11:00 AM CDT
Ended: 10/01/14 at 1:00 PM CDT
Location: 300 S. Belt Highway, St. Joseph, MO 64506

INSPECTION
Began: 10/08/14 at 11:00 AM CDT
Ended: 10/08/14 at 1:00 PM CDT
Location: 300 S. Belt Highway, St. Joseph, MO 64506


Three office/commercial buildings totaling 9,200SF+/- of net rentable area. Immediate income from current tenants and additional space to occupy or lease. Easy access and high visibility on corner location fronting South Belt Highway.

 

*****

 

BUILDING 1:  6,000+/- sq. ft. net rentable area in 5 units

  1. 300A: 660+/- sq. ft.  LEASED at $425/mo. (Upper NE corner- Healthy  Buffalo Meat Market)

Consists of large retail/office front, small hallway, 2 small office/storage areas, ½ bath

  1. 300B: 935 +/- sq. ft.    LEASED at $480/mo. (Upper E center – K-Nine Karisma Grooming)

Consists of large retail front, kitchenette/living room, small office

  1. 302: 1175+/- sq. ft.    VACANT (Upper SE corner)

Large open retail/office space, ½ bath

  1. 300C:  784+/- sq. ft.    LEASED at $425/mo. (Lower NW corner – Mobilex)

Consists of large retail/office, small office/storage, ½ bath

  1. 300D:  2,240+/- sq. ft.    LEASED at $728/mo. (Lower SW corner – Blessings of St. Joseph) Consists of large retail, large office/storage, (2) half bathes
  • Attached Generac 8kw natural gas fueled back-up generator
  • Pole sign
  • Immediate cash flow

 

BUILDING 2: 2,240+/- sq. ft. net rentable area divided evenly between main and lower floors

  • Currently vacant
  • Two pedestrian doors on east (main level)
  • One  pedestrian door on west (lower level)
  • Floors joined by center stair
  • 6 office suites on main level
  • Large open area, small office, storage/office, two ½ baths on lower level
  • Carpet throughout
  • Pole sign

 

BUILDING 3: 1,050+/- sq. ft. net rentable area

  • LEASED at $380/mo.
  • Slab foundation
  • Consists of reception area, (2) large office, small office, ½ bath-remodeled, 14×25 1-car garage
  • Immediate cash flow

                                                         

 

Year built:                            Approximately 1950

Type:                                     Office/Retail

Net rentable area:           9,200 sq. ft. +/- *

                                                See details for lease/vacancy info.

Site:                                       Southwest corner of Belt Highway & Charles St.

Site area:                             23,522 sq. ft. +/-

Belt Hwy. Frontage         125 ft.

Zoning:                                 C-3, Commercial

Access:                                 Curb cuts on S. Belt and  (2) Charles St.

HVAC:                                   Forced air gas & central air

Parcel ID:                             06-1.0-11-003-002-026.000

Parking:                                Upper and lower lots on west with access from Charles St.

                                                Additional space available on east with access from S. Belt Hwy.

2013 Taxes:                         $4,214  

 

*All square footage amounts shown are estimates based on multiple sources of information provided by seller. Buyers should independently verify.                      

 

 

2013 Utilities

Trash = $840

Water = $685

Snow/Mowing = 1,758

 

AUCTIONEER’S NOTE:

For the past 28 years, our sellers have enjoyed profitable ownership of this highly visible commercial property. Retirement plans now call for a sale and so they’ve chosen auction as the most expeditious method to find the new owner. Bid your price and start collecting rent immediately! 

 

3 WAYS TO BUY!

1.       Make an offer in advance. Call 816.781.113 for details. Subject to auction terms.

2.       Bid live on-site. Registration opens at 11:00AM. See terms for requirements.

3.       Bid live online. Advance registration required. See www.CatesAuction.com.

 

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:

2014 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.

 

From SOUTH: I-29/US-71 N to US-36, W to US-169, N to address on left. From NORTH: I-29/US-71, S to MO-6/Frederick Ave, W to US-169, S to address on right.

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