Auction Items For Sale
LIVE AUCTION WITH MULTI-TRACT BIDDING! NO MINIMUM, NO RESERVE!!! Rare opportunity to purchase commercial development in an established area! Offered in a total of 4 unique tracts, including a large commercial building, theater, retail spaces with garages, and a tri-plex with immediate rental income. The live auction will be conducted onsite at 103 E 21st on April 9th at 12:00 PM.
Tract 1: 6,323 +/- square foot commercial shell of a building with an iconic facade.
Tract 2: 6,968 +/- square foot commercial building formally known as the NoMar Theater. Great redevelopment opportunity!
Tract 3: This property provides over 8,000 square feet of rental spaces with garages. There are 5 retail spaces and a 2 bedroom, 1 bathroom apartment.
Tract 4: Full brick triplex with (2) 1-bedroom, 1-bathroom units and (1) 2-bedroom, 1-bathroom unit, with 1 unit rented for $335 a month and potential for additional income
A Multi-Tract Auction allows multiple tracts of real estate to be sold collectively or in any desired combination. This method of auction will offer multiple rounds of bidding allowing for bids on individual tracts, any combination of tracts, and all tracts together. The auction will begin with each tract being offered individually, followed by multiple rounds where bidders can make combinations and increase their previous bids to stay in the winning position. Bidding rounds will conclude when bidders no longer want to create new combinations or raise previous bid amounts. A digital board will be displayed to guide you through the auction process and have a clear understanding of current bid amounts. See "Downloads" section for explanatory PDF.