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Sandusky Co. Foreclosure Auction of 13,567 SF of Retail and Office

More Information

5 total parcels will sell as one unit at this Foreclosure Auction. 401 W. State St. is a 3 story retail and office building with aprox 4,140 SF. Next to the building is a great 6,000 SF parking lot. 118,120 and 122 N. Arch St. are offices with aprox 9,427 SF. Great re-development opportunity. Great exterior marquee signage aprox 5x10 and a nice 2x3 parking sign. Large parking lot with 14 spots with easy ingress-egress. Located on busy West State St. which is the main thoroughfare through town. Corner location. Inside is a 2 story entryway with stairs leading to a second story loft area. First story was used as showroom and retail and has many uses. Aprox. 12 foot ceilings. Very open and able to be configured to your needs. Entrance off of parking lot, the main entrance from State St. and one on Arch St. Large office space plus light manufacuting area and retail space on the first floor. Large garage with overhead garage door and a huge storage area. Overall the square footage is wide open and very usable. There is water on the floor in the office that was reportedly from a leak over the Winter and this has produced some mold in the office area. An elevator goes to all 3 floors. The second floor has a front and back staircase. It is separated into 2 sections with nice wide open views of State Street from the loft area. Could be great for cubical or office space for any industry. There is also an executive suite. The third floor has tiled floors and would be great for general storage or many other uses. Aprox 9 foot ceilings. There are 4 separate one level office spaces on Arch St. which is behind the main building. 120 N. Arch St. is completely open with an office, break room and bathroom. Nice carpet and paint. Currently vacant. 118 N. Arch St. is a great office currently occupied by CG Insurance agency with waiting room, numerouse offices plus break room and storage room with access to the rear alley. All 4 suites have alley access. 116 N. Arch St. is also vacant and is in C condition with dark paneled walls and older carpet. Could be occupied with minimal upgrades. 114 N. Arch St. is also vacant and is in similar condition as 116. This property has huge potential for redevelopment as a multi tenant property. The bank will not be bidding at the auction. 

Annual Taxes: $ 5,440


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


DIRECTIONS:

Ohio Turnpike to South on OH-6 which becomes N. 5th St. in Fremont to Right on State St.


Basic Terms:

This is a Foreclosure Auction ordered by a County Common Pleas Judge. The foreclosure process clears all liens and encumbrances on the subject property. The property sells with a minimum opening bid of $52,667. If the auction is a live on-site auction the high bidder will immediately write a check for 10% of the high bid as a non-refundable deposit which will apply towards the total purchase price at closing. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days of court confirmation. No contract is signed after the auction. A one page buyer information form is the only document that is required by the court. See document section of www.OhioSheriffSales.com for the form. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Buyer pays all closing costs. Commissioner's deed or equivalent given at closing with no liens or back taxes.

Realtor Participation:

Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.

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