Commercial Real Estate Auction - 217 Main Street Circle, Montana


Commercial Real Estate Auction - 217 Main Street Circle, Montana
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Commercial Real Estate Auction - 217 Main Street Circle, Montana

Category:Real Estate

Lot Number: 1

Title Commitment 

Purchase Agreement

2018  Taxes  1st half $3584.46      2nd half $3544.36

Legal description: CIRCLE ORIGINAL TOWNSITE, S10, T19 N, R48 E, BLOCK 007, Lot 10 - 11, 7000 SQUARE FEET, McCone County, Montana. 

A modern structure constructed in 2013. A cement structure with brick overlay. 2 commercial bathrooms, commercial kitchen, bar and dining area an additional other rooms. Has been utililized as a tavern/restraunt and casino until December 22nd, 2018. 

 

Land: 7000 +- Square feet 

Building: 4950 +- Square feet- Outdoor Patio 750 +- Square feet 

Heat/cooling: Geothermal ground source heating/cooling

Exterior concrete walls 

TPO Roofing

Buried 1000 gallon propane tank

Utilities: City water, sewer.  McCone County Electric 

Preview dates: Friday December 28th, 2018  11 a.m.    Monday January 7th, 2019 11 a.m. 

 

More Info
Start Time:01/01/2019 12:00:00 AM
End Time:01/08/2019 12:00:00 PM
Time Remaining:

Bid Count:1

Winning Bidder:2565544841 - MT

Starting Bid:$300,000.00

Bid Increment:$5,000.00

Current Bid: $300,000.00

Title Commitment 

Purchase Agreement

2018  Taxes  1st half $3584.46      2nd half $3544.36

Legal description: CIRCLE ORIGINAL TOWNSITE, S10, T19 N, R48 E, BLOCK 007, Lot 10 - 11, 7000 SQUARE FEET, McCone County, Montana. 

A modern structure constructed in 2013. A cement structure with brick overlay. 2 commercial bathrooms, commercial kitchen, bar and dining area an additional other rooms. Has been utililized as a tavern/restraunt and casino until December 22nd, 2018. 

 

Land: 7000 +- Square feet 

Building: 4950 +- Square feet- Outdoor Patio 750 +- Square feet 

Heat/cooling: Geothermal ground source heating/cooling

Exterior concrete walls 

TPO Roofing

Buried 1000 gallon propane tank

Utilities: City water, sewer.  McCone County Electric 

Preview dates: Friday December 28th, 2018  11 a.m.    Monday January 7th, 2019 11 a.m. 

 

217 Main Street Circle, Montana 

4950 sf building on 2 lots 

 

Terms & Conditions : 10% buyers premium added to the final bid price will be the contract price. Example: If property sells for $100,000 x 10% buyers premium the contract price would be $110,000.

10% earnest money in form of cash, cashier’s check, or personal check. due within 48 hours from end of auction.

Balance due at closing on or before February 8th, 2019. Closing to be held at the  

First American Title Company , 204 North Kendrick, Suite 205 Glendive, MT 59330. 


AS-IS, WHEREIS: Terms are "cash, as is, where-is. "Financing is allowed, but there are no financing contingencies and all financing must be in place prior to the closing date.The down payment monies will be deposited into escrow account and credited to Buyer at closing.

Property sells AS-IS with no contingencies.

Closing costs: Seller pays closing costs.

If Buyer fails to close per terms of contract, the deposit is non-refundable.

AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10% of the final bid price earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Bidquefy, LLC and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Bidquefy, LLC. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Kinsey Auctioneers & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Dawson County, Montana. By bidding on the property, buyer agrees to all terms and conditions set forth .

Possession: At Closing

Disclosure: 

 Property sells as-is.

No mineral rights transfer with property.

An Owners Policy will be provided at Seller’s expense giving marketable title subject to restrictions of record.

Taxes pro-rated.

All information in this brochure was derived from sources believed correct, but is not guaranteed.

Any property surveys or appraisal are at the expense of the buyer. All property dimensions are only approximations.

Buyers shall rely entirely on their own information, judgment, and inspection of property and record. Buyer may bring a home inspector to inspect the property during the preview time.

Auctioneer and assistants are seller’s agent.

Auction will be conducted at a Online Only Auction.

Any statements posted up to auction day and or included auction day will take precedence over printed matter.

A 10 day lead based paint test may be done prior to the auction. After the auction has started bidder waives the right to have their 10 day lead base paint test and buyer's of property must sign a lead based paint disclosure form.

Auction will be conducted at a Online Only Auction.

Any statements posted up to auction day and or included auction day will take precedence over printed matter.

Property sells subject to seller confirmation. 

Property Information Packet will be available at inspection or you may request a packet by calling Bidquefy, LLC.  800-419-3654.

Auctioneers reserve the right to remove property from the auction at any time.

Terms & Conditions : 10% buyers premium added to the final bid price will be the contract price. Example: If property sells for $100,000 x 10% buyers premium the contract price would be $110,000.

10% earnest money in form of cash, cashier’s check, or personal check. due within 48 hours from end of auction.

Balance due at closing on or before February 8th, 2019. Closing to be held at the  

First American Title Company , 204 North Kendrick, Suite 205 Glendive, MT 59330. 

A Bidquefy auction representative will contact winning bidder after the auction to arrange earnest money payment and signing of purchase agreement.

 

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2565544841 - MT300000.00