"LENDER ORDERED AUCTION"
FORMER WOLF DEN RESTAURANT
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Tuesday, November 27 - 11:00AM(EST)
Manistique, MI
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2,765 sq.ft. Multi-Purpose Commercial Building on 1.21 Acres of Land.
131 feet of highway frontage. Natural Gas Boiler with baseboard heat and air conditioning. Located adjacent to the Gray Wolf Lodge.
IN ADDITION TO THE RESTAURANT
WE WILL ALSO BE SELLING TWO OTHER ADJACENT PROPERTIES!!
3.3 ACRES OF WATERFRONT LAND
with 601 Ft. Lake Michigan Frontage and 654 Ft. of US Hwy 2 Frontage.
The property is partially wooded and currently undeveloped.
AND
40 ROOM GRAY WOLF LODGE/MOTEL
6770 W US Highway 2, Manistique, Michigan
LAKE MICHIGAN LOCATION ON US HWY 2
Property Sits on 3.8 Acres of Land
with 546 Ft. US Hwy 2 Frontage
14,750 Sq. Ft. Main Building; 2,700 Sq. Ft. Pool Addition; 720 Sq. Ft. Canopy; 1200 Sq. Ft. Storage Building.
Indoor Swimming Pool, Hot Tub, Sauna,
Lobby, & Living Quarters with 2 Bedrooms, kitchen and living room.
40 Guest Rooms Built in two sections:
18 Queen Doubles; 3 Queen Singles; 9 Double Doubles; 4 Kings; 2 Jacuzzi Suites Queen Bed; 4 Suites with Double Queens.
Guest Rooms have been updated with Card Reader Locks
and High Speed Internet.
This property has been impeccably maintained. Quality Construction. The entire facility is like Brand New! Super Clean!!
You must see the unit to appreciate the quality.
LOCATION:
Property is located adjacent to the Gray Wolf Lodge which is at 6770 W US Highway 2 in Manistique, Michigan overlooking beautiful Lake Michigan.
55 miles north east of Escanaba, 85 miles west of the Mackinac Bridge.
MANNER OF SALE:
Auction will be held at the Gray Wolf Lodge.
6770 W US Highway 2, Manistique, Michigan
Tract 1:
40 Room Hotel and all Personal Property.
Tract 2:
3.3 Acres Waterfront Parcel
Tract 3:
The entirety of Tracts 1 & 2.
Property will be sold whichever way brings the highest dollar.
Tract 4:
Former Wolf Den Restaurant
REAL ESTATE INSPECTIONS:
The properties will be open for inspection on:
Mon, Nov 12 1 PM – 4 PM (EST)
Tues Nov 13 1 PM – 4 PM (EST)
Mon Nov 26 1 PM – 4 PM (EST)
Tues Nov 27 9 AM – 11 AM (EST)
BROKER PARTICIPATION:
Broker Participation is welcome, but not required. A 2% Commission will be paid to the licensed Michigan real estate broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his own behalf, or on the behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
Click Here for Auction Brochure
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Payment Info: $100,000 Deposit (Tracts 1 & 3) or $10,000 (Tracts 2 & 4) due on day of sale, balance due on or about December 21. |
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Full Terms: REAL ESTATE TERMS:
7% Buyer Premium. $100,000 Deposit (Tracts 1 & 3) or $10,000 (Tracts 2 & 4) due on day of sale, balance due on or about December 21. Funds will be payable to sellers agent. Anyone wishing to obtain a bidder number will need to show a valid government issued photo ID. Selling Subject to Owner Approval. Attorney Wesley W. Hoffman, (906)864-4444 represents the seller. Real Estate & Equipment is selling AS-IS, WHERE IS, WITH NO WARRANTIES OR GUARANTEES, EXPRESSED OR IMPLIED. See Bidders Kit for Complete Terms. In all transactions, Auctioneer is acting as agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction will take precedence over any material published about this event.
“Sale subject to Seller obtaining marketable legal title to all assets being offered for sale pursuant to a Sheriff’s sale scheduled for November 16, 2007”
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| Click on the image below for photos. |
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