9,100 Sq. Ft. Commercial Building in Indian River, Michigan

Posted on November 5, 2019November 5, 2019 by admin

9,100 Sq. Ft. Commercial Building in Indian River, Michigan

Looking to start your own gym, daycare, or PT Center?

Have you always dreamed of starting your own gym to pursue your fitness dreams, expand your medical practice to include physical therapy or are looking to open a daycare center that kids will LOVE because they have their own pool? If so, we have an amazing commercial building for you up for online auction on Thursday, November 21st. If you are interested in jumping straight to the auction site to place a bid, click this link!

This online real estate auction features a 9,100 Sq, Ft. commercial building in Indian River, MI. This commercial building has been both a former train station and a lumber yard in the past and has now been transformed into a multi-functional space. Most recently used as a physical therapy office and private gym. The property is laid out with over 7,000 SF on the main floor and approximately 2,000 SF on the mezzanine, which overlooks a beam ceiling. The main floor has a narrow and shortened lap pool previously used for physical therapy – which could stay in it’s current state or be easily transformed for a more recreational use. The second floor has been used for shop space and includes: an office, exercise room, a small apartment and four bathrooms with showers. Situated just .2 miles from the canal, near waterfront eateries and the town’s largest marina, the property lies a mile from a beach on Michigan’s largest artisan well-replete waterway. The North Central State Trail path, which extends from Grayling to Mackinac City, sits directly behind the building, making the location a gathering spot for patrons of marathon and short community races – and thus, makes it a great place for any form of fitness business.

Located near Burt Lake and the Indian River, which are part of the Chain of Lakes, this historic property with many potential uses presents a great investment opportunity. This property is selling in cooperation with Gavin Mills of Bradley Company. This property can be found at 3589 S Straits Hwy, Indian River, Michigan, 49749.

If you are interested in viewing the property, it will be open on Wednesday, November 13, from 11am to 12:00 p.m. If that time does not work for you, please contact Jordan Miedema who is the main auctioneer for this lot. His contact information can be found below. If you have any other questions about our company or the bidding process, please feel free to contact us here.

Phone: (616) 460-8936
Email: jordan@1800lastbid.com

Check out a few pictures of this great property, and then click the button below to head over to the auction to place a bid!

How a Real Estate Auction Benefits the Buyer AND the Seller

Posted on November 1, 2019February 14, 2023 by admin

How a Real Estate Auction Benefits the Buyer AND the Seller

Real estate auctions are one of the best ways that you can buy or sell property! They are quick and painless and allow both the buyer and the seller to get a great deal for their assets. In a real estate auction, a seller works with an auction house to sell their home or other piece of property to a pool of bidders. While it may seem like only one party (either the bidder or the seller) will gain the most from the auction depending on the property, real estate auctions provide many benefits to both the buyer and the seller!

Benefits for the Seller:

1. Very little work on the seller’s end

In a traditional real estate sale, the seller generally feels a lot of pressure to keep up with the realtor throughout the process, will find themselves worrying about the offers that they receive. Not to mention having to deal with negotiations surrounding the condition of the property. Not so with a real estate auction! An auction house will take care of everything for the seller, making sure that everything is under control so that the seller can just sit back and wait for the bids to come.

2. It is a fast process

Traditional real estate sales can be a long drawn out process. Between home showings, realtor meetings, and buyer meetings, the time frame can vary drastically. However, in an auction, there is typically only a short period of time from when they contact an auction house to when the house is sold. This is great when a seller needs to sell fast – or when you just don’t want to have to hold onto a unwanted property longer than you have to.

3. Property is Sold As-Is

When conducting a traditional real estate sale, a buyer will often request that the seller fix different aspects of the house in order to receive their offer. This can drag a seller into a wide variety of costs that they weren’t planning on, as well as creating a hassle for them as they deal with contractors, inspectors and the potential buyer. In an auction, the home is sold as-is, which eliminates all those complications, allowing the process to be easier and much faster than it might otherwise be.

4. You don’t have to worry about showings

When selling property in an auction there will typically be only a few inspection times (that you will know in advance) that you can easily work your schedule around, so that potential buyers can come to look at your property. This is a lot easier than having to constantly reorganize your schedule as different buyers come to look at your home in a traditional real estate sale.

5. You know the timeline

Like we said, a traditional real estate auction can be a drawn-out process lasting many, many months. This is often draining as a seller must deal with the ins and outs of the sale, as well as keeping up payments for both their new home as well as the property they are trying to sell! With an auction, a seller knows the day and time that their property will be sold to whoever the highest bidder ends up being, allowing them to rest easy.

6. Auctions reach a wide range of bidders

When selling through an auction house your property is presented to hundreds of bidders that are interested in buying property. Your auction will reach a larger demographic of people interested in buying and lets you gain a large audience quickly instead of waiting for individuals to find your property.

7. You will receive the true market value for your property

Because you have bidders bidding against each other to determine the final price of your property, you are able to determine the true market value and get a higher amount than you may expected to receive in a general sale. Plus, you don’t have to worry about negotiations – the bidders will take care of that for you!

Benefits for the Buyer:

1. It is a fast process

Buyers want to get through the buying process just as much as the seller wants to get through the selling process! Real estate auctions allow you to buy property quickly – you could even buy a piece of property in a single day if you choose not to attend an inspection (but you should probably go to one). Online auctions let you see a property, decide if you’re interested, and close the deal as soon as the auction ends without any fuss.

2. You Determine What You Pay

While you would know what you would be paying in a traditional real estate sale, you will have an even better understanding of what you will be paying in an auction. You don’t have to worry about negotiations with the seller, you can pick your maximum price and stick to it with the understanding that you won’t have to bend to the will of the seller. You might go back and forth in a bidding war with another bidder, which will raise the price, but you can always choose to drop out. Auctions also give you the transparency of what other people are offering to pay that you wouldn’t receive in a traditional sale. If you know the bid increment, you won’t have to worry if you’ve put in a lower offer than someone else. Everyone always knows who has the highest bid as well as what it is, allowing you to evaluate what you are willing to pay.

3. You know when the sale closes

The buying process can drag on and on in a traditional sale, but with an auction it is easy to know when the process will be over. You know the start and end date of the auction and will know the results as soon as the auction has closed. Plain and simple. It’s also reassuring to know that when the auction has closed the sale is over. Since the seller has agreed to sell to the highest bidder, they cannot accept another offer after picking you, which is not guaranteed in a traditional real estate sale.

4. You will pay true market value

Because the final bidding price will be dictated purely by what you and your fellow bidders are bidding, the true value of the property will be reflected in the price. You will be able to leave the auction knowing that you got the best deal you could on the home, commercial property or land. Many times, you will pay a lower price than what the seller would have asked because the market will have dictated a lower value for the property. This is a fantastic way to get either a home or land for an affordable price!

Real estate auctions are incredibly beneficial for both the buyer and the seller. Between the speed and ease of sale, it is surprising that more people don’t opt to buy and sell property through auctions. If you have any questions surrounding the benefits of buying or selling real estate at an auction, or if you have property that you are looking to sell, contact us here. If you’re looking for your next dream home or property, click here to go to our current auction listings – you never know what you might find!

View Current Real Estate Auctions

Beautiful 5BD/4.5BA Home on 27 Acres

Posted on October 29, 2019October 28, 2019 by admin

Beautiful 5BD/4.5BA Home on 27 Acres

Amazing house in Swartz Creek, Michigan

Have you been looking to upgrade from your current home and property? Check out this incredible house in Swartz Creek, Michigan. Featruing a 5000 Sq. Ft. custom home with private pond on 27+/- acres in Swartz Creek, MI. The online real estate auction features a magnificent 5 bedroom, 4 1/2 bath, 2 story home that will be auctioned off on November 12th. The home is tucked along a 30+/- acre pond stocked with Walleye, Perch and Bass. This private setting includes great views of deer, turkey, fox, and even the occasional bald eagle! Nature abounds here! Click here to go straight to the auction site to view or bid on this property.

After raising their family and finding the house a bit empty now, the sellers have decided to downsize, presenting a rare opportunity to own a one-of-a-kind custom home featuring beautiful elements such as colored, stamped concrete and engineered hickory flooring, colored concrete counter tops, dual ovens and dishwashers, walk in pantry with sink, main and upper level laundry rooms, custom wood trim throughout, and so much more. This home truly offers everything and will make a wonderful home for you and your family. Interested in seeing a high quality tour of the home to help you decide if you want to view the home in person or place a bid? Click on the 3D interactive tour listed on our auction site and watch our website for scheduled open house times and dates.

The annual homeowner association dues are $942.22 for this property. Address: 6256 Hidden Forrest Dr., Swartz Creek, MI. Have any questions? Contact Denny DePender, the main contact for this lot who will be able to answer any questions that you might have. His contact information is listed below. If you have any general questions regarding our company or the overall bidding process, feel free to contact us here. Happy bidding!

Denny DePender:
Phone: 616-262-1594
Email: DDePender@1800lastbid.com

Extra Large Lot in Eagle Pointe Harbor

Posted on October 28, 2019October 28, 2019 by admin

Extra Large Lot in Eagle Pointe Harbor

Lot in Private Eagle Pointe Harbor

Looking for land in St. Joseph, Michigan to build a waterfront home? We have a beautiful piece of property available in our upcoming online real estate auction on November 12th. This featured lot is in the private community of Eagle Pointe Harbor on the St. Joseph River. Enjoy life with all the amenities — the marina, clubhouse, wi-fi service, heated swimming pool, playground, basketball/sand volleyball courts, sportsman’s stream, nature trails, lawn care, snow removal, and lots of family-friendly activities. The property is centrally located in the marina with private boat slips to lease or purchase as well. What a perfect way to use your boat – right in your front yard! The property is situated close to I-94 and just upstream from Lake Michigan, making it a perfect travel location. Surrounded by fantastic dining, shopping, golfing, fine arts, museums, wineries, and gorgeous Lake Michigan beaches, what else could you want for your new home! The property is only 90 minutes from Chicago, 45 minutes from Kalamazoo, and 30 minutes from South Haven.

If you are at all interested in this fantastic land in St. Joseph or have any questions, please contact Vic Kuiper who is the main contact for this auction. You will find his contact information below.

Vic Kuiper:
Phone: 616-283-8516
Email: VKuiper@1800lastbid.com

The property is located at 2381 Bay Pointe Dr. in St. Joseph, Michigan. The starting bid for the auction is $5,000.00 and the bid increment is $250.00 with a 10% buyers premium. While there may currently just be an open lot, we know that you will be able to picture yourself building your dream home here.

Check out a few of the photos that we have of this lot below so that you have a better understanding of the property. This land is just waiting to become a great home or summer property. Maybe you are trying to create your peaceful escape from the city to use during the summer and the weekend, or a looking to build your full-time home right along the water. Whatever the case may be, we know that this property will make a great home.

If you have any questions about our company, the bidding process, or anything else that is not specific to this lot, feel free to contact us here. Happy bidding!

Can An Online Real Estate Auction Surpass My Asking Price?

Posted on October 14, 2019October 25, 2019 by admin

Can An Online Real Estate Auction Surpass My Asking Price?

Is a “with reserve” real estate auction or an “absolute” real estate auction best for me?

Selling real estate via live auction has been popular for many years – and with technology continuing to advance, selling property via online auction has gained popularity rapidly and does not seem to be slowing down. If you have never sold any property via online auction, you might have a lot of questions regarding how the process works and how much your property will go for, the risks involved and how involved you must be in the process. To read more about how the entire process works from beginning to end, check out our blog, “How To Sell Your Building In A Commercial Property Auction”
One question that is often asked when an individual is considering selling their home on an online auction is whether the bidders can surpass the asking price of the seller. The answer in short is ABSOLUTELY! This is what the auction process is all about – the best value for any item being sold, including real estate.

When talking about online real estate auctions, there are generally two types, “with reserve” which as stated above, means that the seller will require a certain amount for the property to be sold or “absolute” meaning that the property will require no minimum bid and will sell no matter what the highest bid ends at. The reserve price is not considered an “asking price” although the two can overlap in some aspects, and it might be hard to differentiate – you should also be aware that a reserve price is going to be different than the “starting price” which, obviously stated in the name is the price that the auction will start at. This price will most likely be more around the realm of what the seller hopes to get out of the auction. If you have made the decision to sell your commercial or residential property on an online auction, you’ll be faced with the decision of which type is best for you to sell your property on, with reserve? Or on an absolute real estate auction? There are pros and cons to both absolute auctions as well as with reserve auctions, and either one could be right for you depending on your specific situation. For example, If you have been sitting on a piece of property for awhile or if there isn’t a lot of attraction because of the state of the home or property you might be willing to sell via absolute auction.

Selling your property “absolute” can be more stressful but many times will result in more bidders and higher prices for your property! Absolute auctions are also going to require less involvement on the part of the seller, yet might require some compromise in the final price of your property. It’s extremely unlikely that after the time for bidding has ended that it would not be sold which is great, although the final price might be different than what you expected. When it comes to selling your property with a reserve, the pros and cons look a little bit different. When a property is sold with a reserve, the property does not sell beneath the sellers reserve amount, if the auction finishes and does not meet the reserve, the seller can do what they want with it. If you are looking to sell some property but will not accept an offer less than “x” amount, then selling with reserve is probably more up the alley for you. You will get to decide what the lowest amount is that you are willing to accept for your property which also might weed out any bidders who are not serious about purchasing the property for its actual value. Selling a property via reserve auction might require more involvement on the part of the seller, this includes of course deciding your reserve price, as well as possibly lowering the reserve based on bidder activity and other auction details. The downside to choosing the with reserve type of auction is that you might not have any bidders that are willing to pay that reserve amount. If this is the case you could lower your reserve, decide to either accept a bid that might be below the reserve amount, or you could choose to not sell your property at all.

Ultimately, the choice is yours as to whether you sell your property with reserve or absolute based on your specific needs for the property and how much you are willing to accept for the price on the prices that you hope to receive as well as what is realistic for what the property is worth.

If you want help getting your piece of commercial or residential real estate property listed for auction, contact our customer service team today. We are happy to get you started with the process!

75 Acres of Farmland in Cambria Twp., MI

Posted on October 8, 2019October 8, 2019 by admin

Farmland Up for Auction as the Result of US Bankruptcy Court Case

We have 75 acres of farmland up for auction on Tuesday, October 22 with bidding form 8am to 7pm. If you have been looking to start your own farm or expand your current production, this is the perfect land for you. This property is located on the corner of paved Foust Rd. and dirt Huff Rd. allowing for great access to the land. The property is part of Hillsdale County. Click here to go to the auction.

Buying land in an auction is a great way for you to save money – especially when trying to start up new productions that require a lot of capital. After all, you have to purchase all of your equipment to work the land to its fullest potential which is not cheap. This land is prime real estate that will meet all of your needs and help you get started (or help you expand) all your farming needs most likely for less than you would have to spend otherwise.

If you would like to inspect this land you will need an appointment with Jordan Miedema who is the lot specific contact for this auction. Feel free to contact him by phone or email:

Phone: (616) 460-8936
Email: jordan@1800lastbid.com

General Information about this property:

Zoning: Ag
PP# 30-11-013-200-002-13-7-3
Starting bid of $25,000
Buyer’s Premium (based on winning bid amount): 8%

If you have any other questions please feel free to contact us here to go over any of the finer points of the auction or for more information about the state of the property. We want to make sure that you feel totally prepared and comfortable when bidding in one of our auctions and hope that we can put your mind at ease. Interested in seeing what else we do here at LASTBIDrealestate? Click here, or go to our website to discover the different types of services that we offer. We can’t wait for you to see what you will find!

70 Wooded Acres in Oscoda, Michigan

Posted on October 8, 2019June 12, 2023 by admin

Dreaming of your own recreational land?

Ah fall, makes you think of campfires, hiking through the woods, camping, quads and peaceful evenings in nature. On Tuesday, October 29th we have an auction that will let you own your own recreational land this fall! You will have free range – allowing you to complete your fall activities to the fullest! Or perhaps you are more interested in building your dream home or cabin. A secluded shelter from the rest of the world. Living deep in the forest the only sounds you’ll hear are the birds and the trees. Building a home here will give you all the rest and relaxation you could need. If you’ve been dreaming of owning land, this is the auction for you!

This lot contains 70 acres of wooded land in Oscoda, MI and is part of the AuSable Pointe West Wilderness Development. This is prime recreational land that includes some wetland area and access via a private dirt road directly from US-23. How much more convenient could that be! This land is an especially great property for hunting. Plus, with such an amazing area bosting the AuSable River, the Huron National Forest, and of course Lake Huron itself, you will be in a great location to enjoy all recreational activities throughout all four seasons!

Check out some pictures of this amazing property below, and the go to the auction! If you have any other questions about the land or conditions of sale, please feel free to contact us here. We want you to feel confident when participating in any of our auction so don’t hesitate to be in touch. The auction will have all of the important information listed along with more pictures of this beautiful property so that you can prepare yourself before the auction on Tuesday, October 29th.

Former Medical Complex in Edmore, MI

Posted on October 4, 2019 by admin

Prime Location for a Medical or Dental Practice Up for Auction

Are you looking to move your medical practice in order to expand your services to better serve your patients? We have a great medical complex space up for auction in a prime location right off of M-46. This facility is up for auction on Tuesday, October 15th with bidding from 8am to 7pm.

This property features a 25,000 sq. ft. single story building that can house the entirety of your practice. It is situated on 2+/- acres of land with ample parking for the convenience of your patients. There are two main entrances to the building that lead into a lobby with a reception area for patients to wait and your staff to conduct general check ins and other paperwork. The interior suits and service areas are configured to be used as a dental or medical practices. There is also a medical procedures area as well as a rehabilitation center that includes an in-ground therapy pool in order to conduct physical therapy for patients needing to work on gaining their strength back. The building also includes a generous 3,500+ sq. ft. storage room for you to hold your equipment, supplies and anything else that you may need stored! If you are looking to expand a current practice or start your own practice this is a fantastic opportunity for you.

Of course, while the building is currently best suited to serve those in the medical or dental industry, there is also the possibility for it to be converted for other uses! While it might take some renovations, you may be able to convert this fantastic property into your dream business – whether that be a retail store, restaurant or whatever else you’ve been dreaming of. With it’s prime location your business is sure to start booming.

The starting bid for this medical building and property is $25,000 with bid increments of $1,000. If you are interested in bidding click the button below! If you have any other questions feel free to contact us here.

2.44 Acres Possible Building Site/ Grain Facility in Byron, MI

Posted on October 3, 2019April 24, 2024 by admin

Nice piece of property for a local former for storage OR a buyer to take down the buildings and build a home

2.44 Acres of Land
3 Barns
4 Storage Bins

Great piece of property for a local farmer or a buyer looking to take down the buildings and build a home. Located in Byron Michigan, this online real estate auction will take place on Tuesday, October 15: Bid from 8am-7pm

View more about the auction https://bit.ly/2o8JOCl

More Details

Located on a quiet dirt road. The first of the 3 barns is 36′ wide x 48′ long with a 18’x48′ lean on each side, 14′ high sliding doors, a concrete floor, furnace and 220 power. The other 2 pole guildings include are 60′ wide x 80′ long and 30′ wide x 60′ long (12 ft side walls), both with dirt floors. The storage bins are 30’x 10 rings (approximately 25k BU), 30’x 7 ring (approximately 15k BU) and two are 15′ x 9 rings and are approximately 3500 BU a piece. A rotoflow 1500 bu built-in hopper tank with legs is 3000 bu/hour. The owner has not used the dryers since the 1980’s. This would be a nice piece of property for a local farmer for storage, or for a buyer to take down the buildings and build a home.

Find more upcoming real estate auctions here
https://bid.lastbidrealestate.com/properties

Allendale Home & Property

Posted on September 16, 2019September 18, 2019 by admin

Home in Allendale, MI and Vacant Land up for Auction

Looking for a property in West Michigan to call your own? This 4 bedroom, 2 bath home in Allendale is up for auction on October 8th! As an extra bonus, there is a .98 acre lot next door for auction at the same time on another lot! The home and the land will be auctioned off as separate lots, giving you the opportunity to buy both or simply the property that you need!

The vacant land is a flat, mostly clear corner property off of Lake Michigan Drive. This is a great opportunity to own a large section of land in fast-growing Allendale. Take advantage of this property with a starting bid of $5,000. Feel free to swing by to take a look for yourself anytime as this land is vacant.

Right next door is the 4 bedroom, 2 bath, 2 story home on a .9 acre lot of land. Each floor of this home features 2 bedrooms, 1 bath, kitchen, living room and laundry area and each floor has 2 entrance/exits. An interior stair way makes this building suitable as a single family home or as a duplex. An unattached outbuilding will require clean up or could be rebuilt. Back taxes will be paid buy the seller at closing and the buyer will receive a warranty deed with title insurance. The starting bid on this home is $25,000

Open house viewings for the home will occur on Monday, September 30th from 4:00-5:00pm and Thursday October 3rd from 1:00-2:00pm. The owner is currently living in the house so please be respectful of their privacy should you choose to visit either lots

Contact Dennis DePender with any questions concerning either lots up for auction at: (616)262-1594 or ddepender@1800lastbid.com

9,100 Sq. Ft. Commercial Building in Indian River, Michigan

Looking to start your own gym, daycare, or PT Center?

How a Real Estate Auction Benefits the Buyer AND the Seller

Benefits for the Seller:

1. Very little work on the seller’s end

2. It is a fast process

3. Property is Sold As-Is

4. You don’t have to worry about showings

5. You know the timeline

6. Auctions reach a wide range of bidders

7. You will receive the true market value for your property

Benefits for the Buyer:

1. It is a fast process

2. You Determine What You Pay

3. You know when the sale closes

4. You will pay true market value

View Current Real Estate Auctions

Beautiful 5BD/4.5BA Home on 27 Acres

Amazing house in Swartz Creek, Michigan

Extra Large Lot in Eagle Pointe Harbor

Lot in Private Eagle Pointe Harbor

Can An Online Real Estate Auction Surpass My Asking Price?

Is a “with reserve” real estate auction or an “absolute” real estate auction best for me?

Farmland Up for Auction as the Result of US Bankruptcy Court Case

Dreaming of your own recreational land?

Prime Location for a Medical or Dental Practice Up for Auction

Nice piece of property for a local former for storage OR a buyer to take down the buildings and build a home

More Details

Home in Allendale, MI and Vacant Land up for Auction

*Reminder that these are two separate lots available for auction

Go To The Auctions!

Looking To Sell Your Own Property?