A division of Ohio Real Estate Auctions
1-877-BID-OHIO (243-6446) 

Performing foreclosure auctions and judicial
sales for banks and municipalities

Ohio's Private Selling Officers

Orrville Shopping Center


More Information

LIVE FORECLOSURE AUCTION

(With Online Bidding Available)

Sells Onsite @

330 W. High St.

Orrville, Ohio 44667

Wednesday, October 23rd @ 1:00pm

(Online Bidding ends @ 1:20pm)

Property Description: Well known, income producing Orrville Shopping Center. 

 

Wayne County PIDs: 59-01256.000, 59-01257.000, 59-01261.000, 59-01263.000 and 59-01267.000

 

Wayne County Foreclosure Case # 2019 CVC-E 000206

 

Farmers State Bank

vs.

Thomas E. Brenner et al.

 

 Appraised Value: $ 525,000 

Minimum Bid ONLY $350,000

330 W. High St., Orrville, OH  44667

 This Orrville Ohio Shopping Center is located at the corner of West High St. and Sterling Ave. The property is currently divided into 6 rental units as described below:

 320 W. High St.

Currently occupied by a long term tenant (Cabana Sun Tanning Salon). Current lease amount is $1,550.00 /month. The tenant pays the electric bill while the lessor pays water, sewer and gas.

 324 W. High St.

Currently rented for $1,800 / month to Stark Medical Specialties. This tenant will be moving to another location by the end of November.

 326 W. High St.

This unit was previously used as a retail t-shirt shop. The unit could easily be another great retail location. This unit features rear entry via two overhead doors.

 328 W. High St.

Another space occupied by a long term tenant, Trent Insurance Agency for $1,250/month. Electric and gas are paid by the tenant while the landlord pays for water and sewer.

 330 W. High St.

This space is currently vacant and was formerly a bank branch location. The end unit has a drive through window. The previous rent was $1,100/month.

 332 W. High St.

This is the largest unit featuring a small office area in the front and a large warehouse/storage area in the rear that is accessible by an overhead door. 


Inspection: 60 minutes Prior to Auction

ONLINE BIDDING NOTES:

Bid Increment: Online bidding increment for this auction is $100.

Max Bid: When you place a bid, you can place a "Max Bid" and the automated bidding software will bid for you in $100 increments up to your maximum. You will be notified by email if your maximum is out-bid by another bidder.

Bid Extensions: If a bid is placed in the last 5 minutes before the scheduled auction end time, bidding will extend for an additional 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.

Ron Denney, CAI - Auctioneer

(937)572-4468

Ron@OhioSheriffSales.com

Disclaimer:  Information contained herein was obtained from sources deemed reliable. However, neither Ohio Sheriff Sales, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.

Annual Taxes: $16,524


Plaintiff

Farmers State Bank

Defendant Name

Thomas E. Brenner et al

Attorney

Josh Groth

Viewing Dates

No interior viewings. Please do not trespass. Do not disturb tenenats. Contact Auctioneer for interior showings.


Property Map


Lead Auctioneer

Ron Denney
Email Ron

W: 937-572-4468


Directions:

Corner of Sterling and West High St.


Basic Terms:

*This is a Foreclosure Auction ordered by the Wayne County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the subject property.

*The property sells with a minimum opening bid of $350,000

*The required deposit is $10,000

*Deposit for an onsite auction will be required by check or cash immediately at the conclusion of the auction.

*In the case of an online purchase, the successful bidder will be required to directly deposit the required amount into the trust account of Ohio Sheriff Sales at any Chase Bank branch OR initiate a wire transfer to said trust account by 5:00pm the day of auction. Purchaser may also have the deposit charged to the credit card provided at the time of registration with a 4% processing fee added to the deposit amount. ACH deduction is also available with no additional cost by providing your bank account information to the PSO. This method is highly recommended. If deposit has not been made by 12:00pm the day following the auction, the credit card provided at the time of registration will automatically be charged along with the 4% processing fee.

*The real estate is sold As-Is with no contingencies. All inspections (if available) must be done prior to Auction.

*Close within 30 days of court confirmation.

*No contract is signed after the auction. A one-page buyer information form is the only document that is required by the court. See THIS LINK 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 given at closing with no liens or back taxes.

*The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. (This would typically only be in effect for a property that sells for less than the amount of taxes that are owed.)

*Bid increment for Online Bidding is $100.

*When you place a bid, you can place a "Maximum Bid" and the software will bid for you in $100 increments. You will be notified by email and text if you are out-bid.

*Bid Extensions: If a bid is received within the last 5 minutes of the Auction end time, bidding will extend for a 5-minute period of time. Bid extensions continue until all bidding is exhausted.

*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 possibly be found in contempt of court.

 

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