Absolute Auction of Former Bank Branch in Clio, MI (Genesee County)
Selling Absolute - No Minimums, No Reserves
Sold for $44,100
Sold for $44,100
Selling Onsite with Live & Webcast Bidding Wednesday, July 31st at 10 AM EDT
Property Tour: July 29th at 10:00 am
Local Broker: Pam Rose, 419-865-1224or pam@pamelaroseauction.com
Property Description: 2190 sf footprint 1 story building on 1.25 acres. Built in 1987, tax parcel 18-23-300-032, tax assessed at $152,900, 2011 taxes $7,798.00, zoned OST. There are 10 parking spaces and a single lane covered drive through. The 6/20/2011 ESA revealed no evidence of RECs in connection with the Site. However, based on the use of the property from 1937 to 1950 as an apple orchard, where arsenic was once used as a pesticide, the soil was found to contain arsenic levels within acceptable levels for commercial use, but above those acceptable for residential useage. Therefore, there is a restrictive covenant prohibiting elderly care, convalescent useage, daycare and similar uses.
Sold in Conjunction with Pamela K Rose Auction Co LLC, licensed Michigan Broker
Terms: Bank Proof of Funds Required to Bid,5% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close in 45 days.
