A division of Ohio Real Estate Auctions
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Performing foreclosure auctions and judicial
sales for banks and mortgage servicers

Ohio's Private Selling Officers

12,800 SF Grove City Multi-Use Building on 10 Acres


More Information

 

Bidding starts at $880,000. 80x160 Multi-Use metal building built in 2016 plus 20,650 SF parking lot on 9.956 Acres in Grove City (Jackson Twp). Previously an indoor sports facility and Venue. Room for a full sized basketball court (see pics).

Possible uses include Church, Wedding Venue, Gymnastics, Baseball, CrossFit gym, Storage, Warehouse, ETC... Check with Jackson Twp. Zoning for full details and potential uses. Currently zoned Exceptional Use. See attached zoning documents.

Kitchen and bar area with lots of space for seating. 2 offices, 2 bathrooms, 2 drinking fountains, Storage room, outdoor concrete patio, 2 large 16x10 overhead doors, 5 man doors, Clear span building with very high ceilings. 23'6" height at center. 13'3" height at eaves. Concrete floors. Propane heat. (1,000 gal. propane tank sits on another parcel. The buyer may need to replace the tank), 400 amp electrical service. 2 AC units. D1 and D2 liquor license may be available by purchase from the current owner. The current basketball floor and hoops do not convey.

Aprox. 6 acres of undeveloped land behind the building with amazing potential. Aprox. 200 feet of frontage on Dyer Rd. Situated at the NW intersection of I-270 and I-71 on the S. side of Columbus. Well and septic currently supply the property for water and sewer.

We are also selling the residential real estate on each side of this commercial building in the same foreclosure Auction. See OhioSheriffSales.com for details.

Lot Size: 9.959 Acres

Annual Taxes: $17,818


Plaintiff

The Huntington National Bank

Defendant Name

Deborah J. Guzzo, et al

Attorney

Park Street Law Group

Viewing Dates

 

The property is vacant. If you wish to have a showing, text the Auctioneer with your name and the address of the property you wish to see. We will schedule an appointment for you. 937-581-3037


Property Map


Lead Auctioneer

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


Basic Terms:

* This is a Foreclosure Auction ordered by the Franklin County Common Pleas Court. The foreclosure process intends to clear all liens and encumbrances on the subject property. You are encouraged to purchase Title Insurance at closing for an extra layer of protection.

* The property sells with a minimum opening bid of $880,000.

* The required deposit is 10% of the high bid.

This property is being offered separately and in combination with the other 2 properties in this foreclosure action. The properties will sell in the combination that produces the highest price, either individually or as a whole.

* The successful bidder will be required to wire or direct deposit the above amount into the trust account of Ohio Sheriff Sales by 5:00 pm day of auction. If the deposit has not been made by stated time, the purchaser automatically authorizes Ohio Sheriff Sales to charge the credit card provided at the time of registration for the required deposit amount plus a 10% processing fee.

* The real estate is sold As-Is with no contingencies.

* Closing required within 30 days of court confirmation.

* No contract is signed after the auction. A one-page Purchaser Information Form is the only document that is required by the Court. See the Documents section of this listing for the form.

* A 10% buyer's premium will be added to the high bid to obtain the final selling price.

* Buyer pays all closing costs.

* Private Selling Officer Deed or equivalent given at closing.

* Provisional Auction Date: In the event the $880,000 minimum bid is not achieved on the first auction date, a second online auction will take place ending on Feb. 27 @ 1pm subject to no minimum bid.

* The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. This generally only comes into play when a property goes to the 2nd auction with no minimum bid, or the property sells for less than is owed for back taxes and court costs.

* BUYER DEFAULT: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and penalties including being found in contempt of court.

* CASH ONLY SALE: All sales are considered CASH ONLY with no contingencies. You MAY be able to obtain financing on properties where interior access is available. Banks and Mortgage Co’s will only lend on properties when they can receive an interior appraisal. Keep in mind, the purchase of the property is not contingent upon the result of the appraisal or being denied for financing. The property is being sold AS IS with no warranties or guarantees.

* BIDDING NOTES:
Bid Increment: Required bidding increment is $100 up to $50,000, then $500 up to $100,000 and $1,000 thereafter. Max Bid: When bidding, you can place a "Max Bid" and the automated bidding software will bid for you in the required increment up to your stated maximum. You will be notified by email and or text if your maximum is exceeded by another bidder. Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend back out to 5 minutes. Bid extensions will continue until a 5-minute period of time elapses after the stated auction end time with no advance in the bidding.

 

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