1. Procedure: Bidding ends Wednesday, January 13, 2021 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Lump Sum. 

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 3:00 PM, Thursday, January 14, 2021 (hand delivered, faxed, or scanned and emailed). Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. CLOSING: Closing shall be on or before 3:00 PM., Wednesday, February 17, 2021. 

6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

7. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

9. REAL ESTATE TAXES: 2020 Real Estate taxes to be paid by the Seller. 2021 Real Estate taxes to be paid by the Buyer.   

10. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Warrenton, MO Commercial Building iAuction – Positively Sells to the Highest Bidder! Opening bid $50,000.00 

Bidding ends Wednesday, January 13^th at 10 AM. Open House Saturday, December 19^th 10AM to 11 AM.  

Ideal location for professional service business with high visibility from the stoplight intersection of Hwy 47 and Mainstreet in Warrenton. Drive-thru window makes this building an excellent candidate for any business that wants the ease of outside pick-up!  Three finished levels with interior side staircase allows for separate leaseable areas.  Building needs a cosmetic rehabilitation and some minor waterproofing in the basement.  New windows in 2018!  Updated Roof.  Come start your business in the Heart of Warrenton!

For more information call or text Eric Merchant 314-541-1218.