5% Buyers Premium applied to final bid to determine final selling price. Buyers Premium to be collected at the conclusion of the auction and used as an Earnest Money Deposit, to be applied at closing.

Cash closing within 45 days of auction ending. Transaction is not contingent upon financing. Be sure to have financing in order prior to bidding. Closing will be handled by Talon Title in Petoskey, MI.

Property selling AS-IS. Buyers must inspect the property prior to bidding.

Seller provides Title Insurance. All closing costs to be split 50/50 between Buyer and Seller at closing. All taxes prorated from time of auction close.

Buyers who are unable to close within 45 days risk forfeiting their EMD.

Dee and Stephen Hawkins have owned and operated Valley Graphics at 107 Water St. in East Jordan for many years. They are now relocating their business and offering the real estate at auction. This property features an approximate 1100 square foot building sitting on a large parcel (2.5 lots). Nearly 100 foot of frontage on busy Water St. and right next to the Mill St. intersection for high traffic, and high visibility. This commercial property is within a Qualified Opportunity Zone which can qualify the buyer to defer tax on eligible gains when investing in a Qualified Opportunity Fund. Located just across the street from East Jordan's beautiful lakeshore which has been significantly improved to allow for an open space and brand new boardwalk. This property has a ton of potential for future development or current retail. Bidding will begin and end on August 16. Bidders must submit an opening bid of just $100,000. A 5% Buyers Premium will be applied to the winning bid to determine the selling price. A 5% Earnest Money Deposit will be collected by Leist Auctioneers at 8am August 17. Buyers will sign a Purchase Agreement at the time of deposit. For questions, contact Leist Auctioneers at 833-323-2BID