SEALED BID AUCTION 30,500 SQ. FT. HISTORIC OPERA HOUSE & MIXED USE BUILDING

Tuesday, September 20 - 5:00 pm 418 2nd Ave NE Staples, MN  56479

1907 Historic Batcher Block Opera House 418 2nd Ave. NE, Staples, MN 3 Story Historic Brick Building Located Downtown 30,500 Sq. Ft. 9,000 Sq. Ft. Main Floor/Retail Office Space Large Storefront Windows 11,500 Cars Passing By Per Day – 3 Sides of Building have Hwy 10 View 30 Rooms for Sleeping or Rental: 15 on 2nd Floor, 15 on 3rd Floor Second Floor Original Ticket Booth Catering Rooms with Plumbing 13,000 Sq. Ft. Off-Street Paved Parking Lot 6 Bathrooms, 1 Separate Shower Room – New Plumbing 5,000 Sq. Ft. of Original Hardwood Floors Restored Second Floor and Stairwell Carpeting/ Woodwork/Stained Glass all replaced in 2006 Beautiful Skylight over Main Stairwell New Glass in 90% of Windows Original Fresco Painting City Water & Sewage Heat/Air New In Lobby and New York Room New Water Heater on Main Floor New Water Main in Basement/Sprinkler System Ready Full Basement, Divided into 4 Sections (Each Section 25’ x 90’) Theatre Section: Large Balcony with Original Theatre Seats Combined Height from Floor to Ceiling is 2 Stories Original Fresco Painted Walls Large Stage with Original Lighting and Switchboard 2 Wall Theatre Boxes Overlooking the Opera Hall Restored Original Wood Floors Small Cities Grant Money May be Available for Upgrades! Working with the Minnesota State Historical Society, this Property May be Eligible for Historical Grants/Loans/Tax Credits. Minnesota Legacy Funding is Also Eligible to the New Owners if They Choose to Keep the Listing on the National Register. MULTI FUNCTIONAL BUILDING! Great Opportunity for Retail Space, Businesses, Developers, Non-Profit Organizations, Art/Music Studios, Nursing Homes, Housing Facilities and More New Owners may continue restoration with the National Historical Register for Historical Grants/Tax Credit opportunities or the Property can be converted outside the Register. Building History: The 1907 All Original Batcher Block Opera House Theatre area contains the original Fresco painted walls, a large stage, and balcony seating. Seating Capacity Theater Style is 700. In 2004 it was named to the National Register of Historic Places. The current owners brought life back to the building in 2003, re-opening for performances like Louie Anderson, Mickey Rooney and Lamont Cranston. They have given over 10,000 tours and held over 60 shows and private events. The main floor was an existing Antique Mall with over 25 dealers and 7,000 Sq. Ft. of retail. The second and third floors had apartments occupied until the new ownership, at which time it was used as rental space for the local Historical Museum. AUCTION MANNER OF SALE: Sealed bids will be accepted by Maas Companies. Sealed Bid offers must be accompanied by a first non-refundable deposit of $20,000 along with a fully completed and notarized Bidder Kit. Bids must be delivered via traceable courier to Maas Companies Inc at 6923 10th Ave. SW, Rochester, MN 55902 (507) 285-1444. All bids are subject to Seller’s acceptance. At no time may Bidders revoke their Sealed Bid Offers; deposit monies will be returned to non-winning bidders. The Sealed Bid Auction process is binding and offers are non-revocable. Buyers should request and thoroughly review all documents prior to submitting a sealed bid offer. INSPECTIONS: Monday, August 29 • noon – 5:00 pm Tuesday, September 6 • noon – 5:00 pm Monday, September 19 • noon – 5:00 pm Other times by Appointment Recent Features about the Opera House: Brainerd Dispatch Lakeland News StarTribune KSTP On the Road Other Information about the Property: Colleen's Story (video) Staples Economic Development Authority Her Voice Article Promo Article Broker Participation is welcome but not required. A 3% commission will be paid to the licensed 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/her behalf, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.

Directions: The Batcher Block Opera House is located downtown Staples, MN, situated off US Hwy 10. Staples is 140 miles northwest of Minneapolis, 75 miles northwest of Saint Cloud, 30 miles west of the Brainerd Lakes Area, and 100 miles Southeast of Fargo, ND. The Opera House is located across from the Amtrak Train Depot. The City of Staples is known for its progressive revitalization of the downtown area.

Payment Info: 10% Buyer Premium. Persons must submit $20,000 Certified Deposit payable to the Trust Account of Attorney Terry A. Karkela with Sealed Bid, with a deposit equal to 20% due within 2 business days, and balance due at closing within 30 days. Deposit monies will be returned to non-winning bidders.

Full Terms: Real Estate selling Subject to Owner Confirmation. Real Estate is selling AS-IS, WHERE-IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Attorney Terry Karkela, Svingen, Karkela, & Cline PLLP is overseeing the closing. See Bidder Kit for complete terms. In all transactions, auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number. Principal Auctioneer Tyler Maas #55-145. Diane Maas, President.

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