4,547±SF Former Bank Branch on .37± Acre in Saginaw, MI (Saginaw County)

Details
Auction Location

Sold for $68,750

Detailed Information on Saginaw MI Asset

Property Info from 7/31/09 title commitment, 8/16/07 floorplans, 7/29/09 survey, 8/19/09 Phase 1

The Site is located at 219 South Michigan Avenue, City of Saginaw, Saginaw County,

Michigan. According to the City of Saginaw Property Assessor, the Site is identified as Parcel Identification number 17-0032-00100 and is owned by Bank of America. Access to the Site is from the south via South Michigan Avenue and from the west via Cass Street.

The Site consists of an approximate 0.362-acre (.37 per survey) parcel of land improved with a one-story, 4,798 (4547 sf with 4269 sf basement per floorplan) square foot bank branch that was constructed in 1952. The interior of the building is comprised of a lobby/teller area, offices, a break room and bathrooms. The remainder of the Site is improved with asphalt-paved parking and driveway areas, concrete walkways, landscaping and a storm water retention area.

The Phase 1 assessment has revealed no evidence of recognized environmental conditions (RECs) in connection with the Site.

Absolute Auctions

Bank Buildings in Flint, Parchment, Novi, & Saginaw MI, & Buffalo NY

All Sell Onsite

1,675 sf Former Bank Branch on .35+- Acre

116 S. Riverview Dr, Parchment (Kalamazoo Co), MI 49004

Tuesday, August 10^th, 2010 at 11 AM

Inspection Date: Friday, August 6^th, 9 am-11 am

4,547 sf Former Bank Branch on .37+- Acre

219 S. Michigan Avenue, Saginaw, MI 48602

Tuesday, August 10^th, 2010 at 4 PM

Inspection Date: Friday, August 6^th, 9 am-11 am

6,096 sf Former Bank Branch on .08+- Acre

949 Broadway, Buffalo (Erie County), NY 14212

Wednesday, August 11^th, 2010 at 10 AM

Inspection Date: Monday, August 9^th, 10 am-Noon

1,435 sf Former Bank Branch on .88+- Acre

3050 W. Pasadena Ave, Flint (Genesee County), MI 48504

Wednesday, August 11^th, 2010 at 11 AM

Inspection Date: Friday, August 6^th, 12 noon-2 pm

2,247 sf Former Bank Branch on 1.84+- Acre

45075 Pontiac Trail, Novi (Oakland County), MI 48377

Wednesday, August 11^th, 2010 at 2 PM

Inspection Date: Thursday, August 5^th, 1 pm-3 pm

For additional property information, auction terms, and contract forms, visit www.auctionEbid.com

Terms: Bank Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close by September 10th, 2010.

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see website for details

Questions? Visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA 30339

770-980-9565

www.auctionEbid.com

Questions? Visit www.auctionEbid.com or contact Jeb Howell, 770-841-9924, at jeb@auctionEbid.com

Auctions conducted in cooperation with:

Pamela K Rose Auction Company LLC, MI Broker

Scott Perry & Company Auctioneers, Coldwell Banker Talarico, NY broker

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