Sunrise to Hold Real Estate Auction in March

Sunrise Cooperative, Inc. to hold real estate auction in March. The Wendt Group will be handling all auctions.
Auction of three tracts will be held on March 4, 2019 at 11:00 am. 

PROPERTY LOCATION: 21733 Maplewood Road, Maplewood, Ohio 45340
To see the full property listing click here.
 

Tract 1: 1.9± acres located on north side Maplewood Road.

Includes an office building, a warehouse, and a grain facility. Zoned. Industrial. 2018 Annual Real Estate Taxes: $1,036

 

10’x32’ GRAIN OFFICE:    

Heat & window A/C
Adjacent to 10’x60’ scale
Brechbuhler scale display
InterSystems hydraulic probe
Work space counter



50’X63’ STEEL-FRAME WAREHOUSE:

(2) dock areas w/ overhead doors
(2) additional overhead doors    
Walk-in door
Concrete floor & approach




GRAIN FACILITY: 

480-Volt DP&L Electric
Total Bin Capacity: 233,500 bushels
BIN 1: 17,000 bushel capacity; 2,500 bu./hr. unload auger
BIN 2: 17,000 bushel capacity; 2,500 bu./hr. unload auger w/ side draw
BIN 3: 17,000 bushel capacity; 2,500 bu./hr. unload auger; Full aeriation floor
BIN 4: 17,000 bushel capacity; 2,500 bu./hr. unload auger; Full aeriation floor
BIN 5: 55,000 bushel capacity; 2,500 bu./hr. unload auger; In-floor aeration & temp. cable
BIN 6: 108,000 bushel capacity; 2,500 bu./hr. unload auger; In-floor aeration & temp. cable
BIN 7: 2,500 bushel capacity
Overhead bin w/ level sensor
Drive-thru Pit: 5,000 bu./hr.


Tract 2: .8± acre located on the corner of Maplewood Road & Grain Street.

Zoned Industrial. 2018 Annual Real Estate Taxes $778

Clean and functional 30’x40’ office/retail building which includes:

(3) offices: 18’x24’, 10’x14’, 9’x12’
Spacious retail area, break room, & restroom w/shower
Newer Bryant LP furnace & central air
Deck area
Off-street parking
Well & septic



Tract 3: 2± acres located between Grain Street & Clay Street.

Zoned Industrial. 2018 Annual Real Estate Taxes $2,281

52’x80’ shop/warehouse building

Includes 23’x52’ heated shop area
(4) overhead doors & walk-in door
Outdoor hoist area w/ (2) 3-ton elec. lifts w/heavy-duty I-beam frame east of building
70’x16’ concrete pad & 42’x52’ dike north of building w/ newer high-volume well
Off-street parking




The tanks located on Tract 3 will sell seperately immediately following the real estate on Monday, March 4th at the same location:

(2) 30,000 gal. vertical Mild Steel Tanks
(2) 12,000 gal. vertical mild steel tanks
(2) 10,000 gal. poly flat-bottom tanks
5,500 gal. poly cone-bottom tank
5,000 gal. poly flat-bottom tank
2,500 gal. poly cone-bottom tank
3” pump
2” pump

The tanks will be offered individually down to the valve. Pumps will sell separately.
Buyer(s) will be responsible for all costs and liabilities for removal of these tanks.
For more information about these tanks, contact Dale Evans 260-894-0458

 

REAL ESTATE TERMS & CONDITIONS

RESTRICTIVE COVENANTS:

A. The Property shall not be used for:

1. The sale, either retail or wholesale, of propane or agricultural products of any kind including, but not

limited to, seeds, chemicals, or liquid or dry fertilizers;

2. The production or sale, either retail or wholesale, of animal feed of any kind;

3. The sale, either retail or wholesale, of any type of grain that is governed by the Ohio Department of

Agriculture or any successor agency; or

4. The storage of grain for a fee.

B. Any grain storage improvements on the Property, now existing or built in the future, shall not be subdivided or developed into condominiums to be sold for grain storage.

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts, or as an entire unit. There will be open bidding on the tracts and the entire property during the auction as determined by the auctioneer. Bids on individual tracts, tract combinations, and the total property may compete.

DOWN PAYMENT: A down payment of $7,500 per tract is required on the day of the auction. The down payment may be made in the form of cashier’s check, personal check, or corporate check. Ohio law states that the down payment must be deposited in the Broker’s non-interest-bearing trust account within 24-48 hours after receipt of such funds.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE

YOU HAVE ARRANGED FINANCING (IF NEEDED) AND ARE CAPABLE OF

PAYING CASH AT CLOSING.

ABSOLUTE AUCTION: The real estate is selling at absolute auction, without reserve, and will be sold to the high bidder, regardless of price. Successful bidder will be required to enter into purchase agreement at the auction site immediately following the close of the auction.

EVIDENCE OF TITLE: The Seller will provide a preliminary opinion of title to be made available to prospective bidders for review prior to bidding. If any buyer elects to purchase title insurance, the cost thereof will be at such buyer’s sole expense. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold “AS IS”.

DEED: Appropriate deed will be delivered at closing.

CLOSING: Closing will take place on or before 45-60 days after auction date, or as soon thereafter as applicable closing documents are completed.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing.

POSSESSION: Day of closing, immediately following the closing.

ACREAGE: All boundaries are approximate and have been estimated based on aerial sketches.

SURVEY: A new perimeter survey will be completed only if necessary for the closing. If a new survey is required by law, the type of survey provided will be at Seller’s option. Survey costs will be shared equally between Buyer and Seller.

EASEMENTS: Sale of the property is subject to any and all easements of record.

AGENCY: The Wendt Group, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Auctioneer reserves the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final. ANY  ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.