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REAL ESTATE & RESTAURANT EQUIPMENT AUCTION - 80.79+/- ACRES OFFERED IN 5 TRACTS IN INGHAM CO., MICHIGAN

3202 & 3252 Heeney Rd., Stockbridge, MI 49285 - Ingham County

Owner: R 7 LLC, Rick Rookstool Manager Wed, Nov 29, 6:00 PM

• 80.79+/- Acres offered in 5 Tracts • 10 Hole Working Golf Course with Club House • Large Country Home • Restaurant & Pizza Equipment • Between Lansing & Ann Arbor • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Sunday, November 12 from 2-4 PM
Wednesday, November 22 from 3-5 PM

Meet a Schrader Rep. at the Club House
Walk-over inspections permitted

PROPERTY LOCATION

3202 & 3252 Heeney Rd., Stockbridge, MI 49285
DIRECTIONS:
West of Stockbridge M 52 to Morton Rd, go west 1 mile, at curve turns into Heeney Rd. Approximately 1.5 to Willow Creek Golf Course. (Between Lansing and Ann Arbor.)

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 75± ac approx. 750 ft. frontage on Heeney Rd approx. 67 possible acres tillable, nice creek running thru the south east corner, level to gently rolling, 3 small ponds, very nice, well kept golf course.

Tract 2: 2.4± ac SWING TRACT approx. 55 ft. frontage on Heeney Rd approx. 2,000 sq.ft. utility building over head door cement floor wood burner w/ 540 sq.ft. lean-to, approx. 432 sq.ft. utility building cement floor over head door, mostly tillable and level. in.Swing Tract in. must be purchased either Tract 1, 3, or 4 or an adjoining land owner.

Tract 3: 1.1± ac 200 ft. frontage on Heeney Rd large country home, two story approx. 2,227 sq.ft. 84 sq.ft. porch 294 sq.ft. deck and 1,200 sq.ft. attached garage 1,284 sq.ft. cement basement 2 bedroom 1.5 bath payne hie lp furnace central air appliances included.

Tract 4: 2.1± ac 380 ft. frontage on Heeney Rd club house approx. 1,800 sq.ft. large asphalt parking lot.

Tract 5: 0.0± ac S.S. Restaurant & Pizza Equipment located in Club House.

TRACT MAP(S)

SOIL INFORMATION

PROCEDURE: The property will be offered in 5 tracts, any combination of tracts or as a total unit . There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days after the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession at closing.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new perimeter survey will be completed if necessary for closing. The seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

AGENCY: Schrader Real Estate & Auction Co. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction Brochure

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