Multi- Family & Mixed Use Lots Online Only Auction
Sun Prairie WI planned and approved development site for multifamily and commercial with 4 lot options available to buy at your price through this online only auction ending April 28th at 4pm Central Time. Properties consist of the following: Lot A 1.86 acres 1120 Stonewood Crossing approved use of 3 multifamily buildings 2 stories 8 units per building, Lot B .88 acres 701 Liberty approved use of 1 multifamily building 3 stories up to 24 units, Lot C 1.87 acres 1226 Stonewood Crossing approved use of 1 mixed use building with up to 34 units and 8,000 Commercial Space, Lot D 2.40 acres 1252 Stonewood Crossing approved use of 3 multifamily 2 story buildings consisting of 8 units each.
Sun Prairie WI located in Dane County is a suburb of Madison is the second largest most populous city in Dane County behind Madison and has been known to be the 3 fastest growing city in Wisconsin with a 2010 UC Census of 29,441 and grew 4.9% to 30,871 in 2013. Sun Prairie continues to grow with multiple big box stores, new homes and business are being built or have been recently finished.
Terms and Conditions of Online Only Auction: Offered in 4 lots each offered individually. 10% Buyer’s Premium added to the high bid price, per lot, to determine the total purchase price. Buyer to execute an offer to purchase with no contingencies and auction terms & conditions on all lots won within 24hrs of auction ending. High Bid is subject to Seller’s Confirmation within 48hrs of midnight of receipt of offers. $25,000 nonrefundable down payment per lot due upon delivery of acceptance of high bid. Property Sold As-IS where. Closing and balance of purchase price to be within 30 days of day of auction ending. Auction will be a soft close all lots extend when one or more are bid on in the last 3 minutes of auction ending and will extend for another 3 minutes and will continue until all bidding ending. Bid increments are $2500 but auctioneer and seller reserve the right to change bid increments at any time throughout auction. Closing to be on or before May 30th 2016.
Auction Conducted By United Country Hamele Auction & Realty Travis Hamele Auctioneer 2224-052
Listed by Dan Roseliep of Altus Commercial Real Estate