Auction Information
Online Bidding SiteThe Mixed-Use Income Property in Wonewoc WI Online Only Auction
Details: Online bidding starts ending 6/25/20 at 6:00 PM Central time. This is an online internet only auction.
Attention Investors Hamele Auction Service and United Country Midwest Lifestyle Properties are offering a 3 buildings for 1 price of investment on the main drag in Wonewoc WI at online only auction May 21st 2020 starting to close at 6:00pm the property consisting of the following:
Building 207: The building is approx. 3126 sq ft of commercial space, bathroom, 2 9x17 offices, storage area, alley entrance, basement, ramped entry, city water and sewer, natural gas, forced air heat with central air, 200amp service with sub panels, on approx. 5577 sq ft lot.
Building 209: The building is approx. 4,292 sq ft 2 story, lower level is commercial store front that is about 23x67, basement, city water and sewer, no bathroom, natural gas, forced heat with central air, 200amp service with s...
Building 209: The building is approx. 4,292 sq ft 2 story, lower level is commercial store front that is about 23x67, basement, city water and sewer, no bathroom, natural gas, forced heat with central air, 200amp service with sub panels, (2) 2 bedroom apartments with tall ceilings, apartments have window air & electric heat, access to coin laundry and dryer, rear entrance for apartments and storefront, on approx. 3,828sq ft lot.
Building 211: The building is approx. 4,884 sq ft 2 story, lower level is commercial store front, basement, city water & sewer, bathroom, natural gas, forced heat with central air, 200amp service with sub panels, (2) 2 bedroom apartments, each unit has forced heat with central air, access to coin laundry and dryer, rear entrance for apartments and storefront, on approx. 4,356 sq ft lot.
Currently the apartments are each at $450 plus utilities per month, 207 & 209 currently vacant and 211 is occupied with an antique dealer for $200 per month. All three commercial units are connected internal so one could have around 7700 sq ft of commercial space. Tenant coin laundry does about $2000 per year. Taxes were $4946 for 2019 and the 2019 assessment was $176,400.
Online Only Auction ending June 25th 2020 at 6:00pm. Terms: Minimum Bid of $120,000. 10% Buyers Fee added to high bid to determine total contract price, Buyer to sign Offer to Purchase w/no contingencies & all auction documents, a $2500 nonrefundable down payment to be paid to within 24hrs after auction ending, buyer to close on property on or before July 24th 2020.Property will sell at or above the minimum bid. Preview May 6 & 13 4-6pm .
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