Commercial Real Estate AUCTION!

You could be a Part of Bringing a Part of Lorain back to Life with this Historic Building in the City. The Former YMCA Building at 1769 East 28th Street in Lorain Will be Offered for Public Auction on October 13th at 1:00pm Onsite. This Building has 3 Stories and a Basement with Over 12,000 Sqft of Space on a 1.04 Acre Lot with Paved Parking Areas. Property is being Sold "as is" "Where is" with no Contingencies, Warranties, or any Repairs made by the seller. Buyers are responsible to do all of their own Due Diligence. As part of the Sale the Buyer will be Taking possession and responsibility of any contents Left behind on and in the Property. Minimum Opening Bid will be Required and a 10% Buyers Premium will added to the winning bid to determine the final selling price . For a copy of all Auction Terms and Conditions Please Contact Warner L. McConaughey With OwnerLand Realty at 440-554-9853

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WE NOW REAL ESTATE!!!!!!!!!! RESIDENTIAL, COMMERCIAL, FARMS & FARM LAND, VACANT LAND. WE SELL IT ALL!!!!! 

ONSITE FARM, ESTATE, & BUSINESS LIQUIDATION  AUCTIONS AVAILABLE.

Collectibles, Tools, Household, resale, vintage, antiques, and MORE fills our Auctions each and every week. You never know what will walk through our doors!!

Have an Estate or Business That needs Liquidated? Downsizing? Call Creekside Auction Gallery TODAY and Ask us about our Consignment & Buyout Programs.

ACCEPTING CONSIGNMENTS to Liquidate Gold, Silver, and Coin Collections. Military Collections. Vintage Toys, Collectibles.

Real Estate Auction Terms & Conditions

 *Bidder Registration: All bidders are required to be registered and provide a valid State ID, Phone Number, and Current Address upon registration.

*Buyers Contract: All Real Estate is sold “AS-IS, WHERE-IS” with no warranty, guarantee, or Contingencies expressed or allowed of any kind. The Estate WILL NOT make any Repairs to this Property What-so-ever. A bid is a legal binding contract. Buyers are responsible for honoring their purchases. There are and will be no financing contingencies. 

*There is a 10% Buyer’s Premium in effect for this Real Estate Auction. 10% of the high bid will be calculated and added on to determine the final contracted selling price of the real estate. This property is being sold at Public Auction, without recourse. Personal on-site inspection of the property by purchasers is strongly recommended. Bidders and Buyers are Strongly Encourged to do their own Due Diligence on all Real Estate Auctions performed by the Auction Firm. 

*Bidders/Purchasers are agreeing to sign and acknowledge all required documents presented at and after the auction. Broker hereby acknowledges that it represents the seller. An Agency Disclosure Statement must be signed by the high bidder/Purchaser and the seller in accordance with Ohio law.

*This Real Estate Auction is being held as a “Reserve Auction” and is Subject to the Confirmation and acceptance of the High Bid by the Seller. Minimum Bid Required for this Commercial Property Auction is $30,000.00 USD. 

*Purchaser shall be responsible for deed preparation fees, recording fees, transfer tax, and all other closing costs associated with the Real Estate. Parcel #03-00-088-101-020, 1.04+/- acres. Taxes without Homestead Exemption will be $3,458.00 annually According to the Lorain County Auditor’s Website and pro-rated on that amount to date of closing. Seller will provide a General Deed.

*Ten percent (10%) of the total purchase price (inclusive of the buyer premium) shall be deposited by the purchaser Immediately following the auction as a non-refundable down payment, by means of company, official bank, or personal check (presented with positive I.D) Made out to OwnerLand Realty, Inc. This non-refundable down payment will be applied to the purchase price at closing and will be held in the trust account of OwnerLand Realty, Inc.

* Closing will take Place within 30 Days or Less of the Close of the Auction. Purchaser may request a closing extension in writing and Extensions may be agreed to by the Seller at a cost of an additional $200 per day.

*Purchaser Agrees that Possession will be given Day of Closing.

*Closing shall take place at Miller Home Title, 5326 Detroit Road, Sheffield, Ohio 44035 or at another title company agreed to by Seller.

 *Purchaser acknowledges that they have had the opportunity to fully inspect the property prior to the auction and has Fully Read a copy of these "Real Estate Terms and Conditions".  

*Purchaser acknowledges and agrees to be bound by all these Real Estate Auction Terms and Conditions and acknowledges that they cannot be altered except in a writing and signed by all parties to the purchase contract.

 *Purchaser agrees that any disputes will be resolved in Lorain County, Ohio in the Common Pleas Court

*OPEN HOUSE & INSPECTION: The property will be open for inspection on Monday Octiber 12, 2020 from 11am to 1pm AND Tuesday October 13, 2020 from 10am to qpm. Other showings are available by appointment Only. Please call Warner L. McConaughey Realtor/Auctioneer OwnerLand Reality, Inc. 440-554-9853

* There is a 2.5% Co-Broker Commission Being Offered on this Real Estate Auction ON BID AMOUNT OF YOUR CLIENT and ONLY IF your Client is the Winning Bidder AND Seller Confirms and Accepts the High Bid. Broker MUST have a “Buyer Broker Registration Form” is on File with Auctioneer/Auction Company NO LATER than 48 Hours Prior to the Start of the Public Auction. For Company Form Contact Warner L. McConaughey Realtor/Auctioneer OwnerLand Reality, Inc. / Auction Advantage Ohio, LLC. / Creekside Auction Gallery at 440-554-9853

Ownerland Realty

3505 E. Royalton Rd Ste 204

Broadview Heights, Ohio 44147

Creekside Auction Gallery

34400 Lorain Road

North Ridgeville, Ohio 44039

440-412-7655

Realtor/Auctioneer: Warner L. McConaughey

 Ohio Auctioneer License #2015000143

Ohio Real Estate License #2019005080