Commercial Office Complex
Pettis County, Missouri
Selling On Our
UNRESERVED ONLINE AUCTION
July 26, 2022
Bidding opens July 12, 2022, and ends July 26, 2022, at 11:00 a.m.
General Description:
This is your chance to own a premium commercial space in Sedalia, MO. This building was built for a local newspaper company in 1966. It features 23,188 sq. ft. on the main level, with a partial basement that is mostly finished. This building is a blank canvas for any business to make what they need! There are several office spaces on the main level, a conference room, and a wide-open reception area that has previously housed many cubicles. Behind the reception area, there are more open spaces that have housed mailboxes, archival documents, and the IT network. There is also a kitchenette/break room, two sets of men/women's restrooms, and a full private restroom within one of the office spaces. The four loading docks/bays make loading your product for distribution easy. The roof is a standing seam metal roof (approx. a $500,000 investment that’s already done)and the HVAC was upgraded in the summer of 2021. Additionally, there are over17,000 sq ft of an additional parking lot across the street. This building is located just off US Highway 50 and is situated just east of Historic Downtown.
The bidding increments will be $1,000. The final sale price will be the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Commercial Building
700 S Massachusetts
Sedalia, MO 65301
The open house will be on July 12th, 2022, from 9:00 a.m. to 12:00 p.m.
BigIron Realty Agents will be on location at 700 S. Massachusetts in Sedalia, MO, on Tuesday, July 26, 2022, from 8:00 a.m. until the conclusion of the online auction. Please visit us during the scheduled times to discuss this unique property. We will assist Buyers with registering to bid online, answer questions, and provide information. You do not have to be present to bid online, but you are required to be available by phone.
Bidding Process: You may place bids on this property for 14 days beginning July 12, 2022, and ending July 26, 2022, at 11:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call800-887-8625 for assistance.
Address: 700 S. Massachusetts, Sedalia, MO 65301
301 E. 7TH Sedalia, MO65301 (Vacant Lot across the street)
Legal Description: LOTS1, 2, 3, 4, 5 & 6 BLK 39 SMITH & MARTIN 2ND ADD
LOTS 11 & 12 BLK 25 SMITH & MARTIN 2ND ADD
LOT 10 BLK 25 SMITH & MARTIN 2ND ADD
2022 Taxes: $13,024.01
Commercial Office Location. From US 65/ US 50 head east on US 50(Broadway Ave.) for approximately 1.3 miles, then go north on Massachusetts, the building is on your right.
Title Services: Landmann Title Company, Sedalia, MO
Justin Hubbs 660-619-5816 or Gage Saulbeamer 660-281-7556
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to Landmann Title Company, 111 West 3rd St. Sedalia, MO, with the balance due at closing. The earnest deposit can be made by a personal check, company check, or wire transfer. Closing will be on or before August 26, 2022, and possession will be at closing. Seller will provide marketable title to the Buyer, evidenced by title insurance. The Buyer will be responsible for all other closing costs. The 2020 taxes will be prorated to the closing date. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller.