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Lot Closed

Auction by Bennett Auction Service(6228)
This item is in , WI

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Overview of 1

Item Details

Size.338 A
Sq. FeetOver 7,700
School DistrictChequamegon
APN/Parcel IDTax ID # 23418
Taxes$2,080.03
Item Location - State/ProvinceWisconsin
RoofShingled
Guide PriceAssessed at $75,900
Street349 1st Ave North
Zoning(R2) Multi-family/1 & 2 Family Residential
CountyPrice
CityPark Falls
Are you an entrepreneur, visionary or historian? Can you look past the immediate to assess potential and possibilities? Some have suggested this property be used as multi-family housing or a Veteran's home. Others believe it should simply be reopened as assisted living and again serve the community in that capacity. One gentleman thought it could provide heated storage for sensitive medical records and other valuables. What might you do with it?

This commercial/residential property was the first hospital in Park Falls, then became Park Rest Home and was most recently Park Place assisted living center. It has over 7700 square feet, a commercial kitchen with fire arrest system, and a delightful enclosed sun porch with supplemental heat. Some rooms retain narrow, old-growth hardwood floors and noteworthy architectural detail. After Park Place closed its doors, winter hit and a sprinkler line burst resulting in some water damage to a central portion of the building. A professional water damage mitigation and remediation company did the clean-up and the studs are ready for drywall, as seen in the pictures.

Open house Friday, September 11th from 4:3o until 6 p.m. at 349 N. 1st Ave., Park Falls, WI. Bring a good flashlight, tape measure, note pad and an eye for opportunity. We look forward to meeting you.

Map Link
Title Insurance Commitment
Property Tax Information
Real Estate Condition Report
Addendum S
TIF District Opportunity
Broker Observations

Real estate licensees, cooperation is encouraged. Call for details.

Payment

The earnest money deposit is payable by check or wire transfer to the title company that will be closing the transaction. The balance of the purchase price is due in certified funds at closing. The credit card that you registered with is used only to verify your identity and cannot be used as payment.
CheckWire Transfer

Auction Details

WI Real Estate - No Reserve Price, No Starting Bid349 North 1st Avenue, Park Falls, WI, 54552Friday, Aug 28, 2020 | 5:00 PM CDT

Auction House

Terms Of Sale

Please call or email with any questions; I'm here to help. Adam at 715-657-0078 or adam@bennettauctionservice.com 1) Look through the catalog at your convenience and without obligation. 2) When you're ready to bid, click on 'Create Account', fill in your information, wait for approval and bid away! You may either bid the next increment or enter a maximum bid. In the latter case, the system will only raise your bid one increment at a time to keep you in the lead, up to and including the maximum amount that you entered. If there is bidding in the last 2 minutes, the time will be extended 2 minutes. 3) If you are the high bidder on the property we will populate the Offer to Purchase with the information provided during registration and contact you to arrange for your signature. The Offer will then go to the Sellers for their signatures. After acceptance of the Offer you will wire funds or write a check for the nonrefundable earnest money deposit in the amount of $5,000. Earnest money is due upon completion of the contract and will be held in the title company's trust account. 4) The Sellers chose to have a 10% Buyer's Fee applied to this sale. Ten percent of the high bid will be added to the high bid to establish the purchase price on the Offer to Purchase. As an example, if the high bid is $200,000 on a property, an additional $20,000 will be added to establish a purchase price of $220,000 on the Offer. ___________________________________________________ Now I'll offer some specifics that customarily receive the most questions. A) The Offer to Purchase will be without contingencies. B) Closing is to be within 30 days, or as Buyer and Seller otherwise agree. C) Seller will provide good and clear title and will convey the property by a warranty deed (subject to title insurance requirements like always). D) We've provided for your benefit tax information, condition and disclosure reports, Broker Observations and other info, and also offer an inspection opportunity. Please take advantage of this. You are responsible for conducting your own inspections, investigations, inquiries, and due diligence concerning the property to determine if it is suitable for your intended use. _____________________________________________________ And lastly we need these little gems: By registering and bidding you acknowledge that you've received a condition report and other pertinent information, that you understand Bennett Auction Service is the Seller's agent only, and that you've consented electronically to the use of electronic documents, e-mail delivery and electronic signatures in the transaction. Bidder and Bennett Auction Service both forfeit all rights to litigation, and agree that any mediation or arbitration will take place exclusively in Price County, Wisconsin, U.S.A. The seller and/or a third party has provided property information and although it is believed to be accurate and reliable, it is not warranted or guaranteed. Please inspect property and verify all information for yourself. The auction company makes no representations and is acting as the seller’s agent only. The internet is a big place. We're not responsible for malfunctions in data transfer between you and us. Get your bids in early to avoid disappointment.
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