More Information
Description: 6,500+ SF Restaurant Building on 1.49+/- Acre Lot on the Shore of Lake Erie. Tax appraised at $353,360, but it is going to sell to the highest bidder. Don't miss this opportunity!
Lorain County PID: 02-023-101-029
Seller: National Bank & Trust Company
Tim Lile, CAI - Auctioneer
(937)689-1846
timlileauctioneer@gmail.com
Lot Size: 5,500SF on 1.49 Acres
Annual Taxes: $ 9,975.48
Property Map
LEAD AUCTIONEER
Tim Lile
DIRECTIONS:
Absolute Auction
Bank Owned Real Estate
Tuesday, October. 7th @ 3:30pm
2500 W. Erie Road
Lorain, Ohio 44054
Sells to the Highest Bidder Regardless of Price!
No Minimum Bid & No Reserve!
Basic Terms:
Sells Regardless of Price to the Highest bidder with no minimums or reserves. 10% down by cash or check which will become your non- refundable deposit. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.
Deposit and Closing:
10% deposit required on auction day with balance due at closing on or before November 6, 2014. Possession and clean Deed at closing.
Realtor Participation:
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.