SYKORAAUCTIONS.COM PRESENTS!

ONLINE ONLY AUCTION

Commercial Food Service Real Estate

3510 W. Cadillac Drive, Farwell, MI 48622 (CLARE COUNTY)

Monday September 25, 2023     ONLINE CLOSING at 7:00 PM

ONLINE BIDDING FROM THE CONVIENCE OF YOUR HOME OR OFFICE

SYKORAAUCTIONS.PROXIBID.COM  PRE-REGISTRATION REQUIRED. 877-505-7770

CLICK ON THE BLUE ICON BELOW FOR ONLINE BIDDING & REGISTRATION

After 14.5 years the ownership of Kathy’s Pasties, also known at the Munchie Stop, are looking at Retirement!

Capture this Golden Opportunity to Purchase this Newly Remodeled and Popular Real Estate Location with Outstanding Traffic Volumes! 

The Owner’s Bad Luck Fire in February of This Year is a Purchaser’s Good Luck at This Auction!  The Interior of the Building has Been Completely Redone from Wall to Wall and Ceiling, Including but Not Limited to Electrical Wiring/Lighting and Many Appliances!

MDOT Average Daily Traffic Volumes for 2022 within the M-115 & M-10 Area were 11,504 Vehicles with Nearby Highway M-10 being 4,372 Vehicles. See Selected Summer and Winter Daily Traffic Volumes Below!

Location: 3510 W. Cadillac Drive, Farwell, MI 48622

Legal Description: T17N R5W SEC 16. BEG S01 DEG 26’02″W ALG N-S 1/4 L 659.05 FT FROM N 1/4 SEC COR TH S01 DEG 26’02″W 143.85 FT TO N’LY R/W L OF M-115 TH E’LY ALG R/W ON CURVE TO RIGHT 215.00 FT TH N10 DEG 58’15″E 229.14 FT TO N L OF S 1/2 OF N 1/2 OF NE 1/4 TH S89 DEG 27’23” W 240.00 FT TO POB. T17N R5W SEC 16. Surry Township, Clare County, MI.

• Tax Parcel ID No. 014-016-200-06
• Frontage on Highway M-115
• 2023 Taxable Value $69,042, Assessed $92,086
• 2022 Taxes were $3,229
• Farwell Public School District
• Building Built in 2001 at 1,612 Sq. Ft. On 1+/‐ Acre Site
• MDOT M-115 Daily Traffic Counts Presented:

KATHY’S PASTIES @ 3510 W. Cadillac Drive, Farwell, MI 48622

AUCTION TERMS AND CONDITIONS

The terms and conditions of this auction will be governed by the Contract for Sale of Real Estate (here-in called the Purchase Agreement.) The following terms are a summary provided for the convenience of the bidder.  A sample Purchase Agreement will be available from the auction company on the Proxibid.Com website and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Any improvements which must be made are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct, but is not guaranteed. All property sizes and dimensions are only approximations; Purchasers shall rely entirely on their own information, judgment, and inspection of the property and record.  In order to bid at the auction, prospective Purchasers will be required to sign a waiver eliminating the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead paint hazards after the auction, if a residential dwelling exists and it was built prior to1978. Purchasers can inspect prior to the auction upon appointment. The Real Estate will be sold free and clear of all liens. The Real Estate will be sold subject to any easements and building and use restrictions of record. The cost of any survey whether required or not required shall be the responsibility of the Purchaser.  Any announcement made at the auction website takes precedence over printed material.

DEPOSIT FOR REAL ESTATE:  A total of $15,000 per tax parcel is required as an earnest money deposit to be presented upon execution of the Purchase Agreement documents.  Check, cashier’s check or wire transfer are accepted for the deposit with the deposit being deemed non-refundable if the Purchaser does not carry through with the purchase.  Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and/or are capable of paying cash at the closing.  Contact sales manager for assistance in arranging financing options.

CLOSING TERMS:  Balance of purchase price will be due at closing which will be scheduled within 45 days, unless extend longer to a time period of ten (10) days after completion and approval of land division process, if required.  Real estate property taxes shall be prorated.  Possession will be given at the closing. Seller shall provide an owner’s title insurance policy in the amount of the purchase price.  Closing will be held at Corporate Settlement Solutions, 209 E. Broadway Street, Mt. Pleasant, MI, 48858.  Closing fees will be divided evenly between the Purchaser and the Seller for an amount not to exceed $150 each.  Real Estate sells subject to owner’s confirmation, within 72 hours of auction completion.

BUYERS NOTE:  If you are the successful bidder, you must sign all Purchaser Agreement documents within 24 hours of the conclusion of the Auction either in person or through DocuSign.  At that time your earnest money deposit will be endorsed as a non-refundable deposit on the Real Estate.  That ability to obtain financing is NOT a contingency of the sale.  The Auction will be conducted at the sole discretion of the Auctioneer and any bids be recognized at their discretion.

PUBLIC VIEWING TIMES: CALL FOR AGENTS FOR  APPOINTMENTS AT YOUR CONVIENCE

NEW DATA: New data, corrections, or changes could be made after the printing of this brochure.  Please arrive prior to the start of the auction to inspect and consider any new information and changes.

BIDDERS PACKET: More detailed information will be available by contacting the Sale Manager, Jeff Bean, at 517-202-9421 / jeff@jeffbean.net or the Auctioneers, or John McConnell at 989-429-0444 / mconnell48622@gmail.com  or at Scott Sykora, at 989-386-9694 / sykora@ironmans.net www.sykoraauctions.com.

AGENCY DISCLOSURE:   Jeffrey R. Bean, Broker and Scott Sykora Auction Service, Inc., its agents, employees and/or representatives are Exclusive Agents of the Seller.

ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL