December 15th, 2020 - 7:00PM (CST)
THE MINIMUM BID HAS BEEN MET AND THIS PROPERTY WILL SELL TO THE HIGHEST BIDDER!! BIDDING ENDS TONIGHT.
This is an Online Only Real Estate Auction!
In 2018 the current owners paid $1.7M for the 10,000 sf new construction on 1.6 acres. Their lease was $14k/mo, then the north (back) part of the property caved in, causing the city of Sugar Creek to close the store. The city of Sugar Creek has expressed a strong desire to get the geological remediation completed and get this piece of prime commercial real estate viable again. The real estate is being sold with all improvements and attachments, including like-new walk-in cooler, display freezers, shelving and displays, check-out counters, and full inventory. Sugar Creek building manager calls for a Geotechnical Report, followed by remediation. The current owners aren’t capable of carrying out this major undertaking, which means that the next owner of the property could be in an exceptional position equity-wise.
Bidding Notice:
* 3% Buyer Premium * Online Bidding Requires Credit Card Verification For Security * Buyers are Required to Pay the 5% Down in the Form of Personal or Business Check * This is an Online Only Auction! Real Estate bidding ends with a "Soft Close" (bidding on the lot is extended by 8 minutes if a bid is placed in the final moments before the lot closes.)