Wednesday, September 14 4:00 pm ET Sealed Bid Deadline
800, 802, 810 State Hwy M94
Gwinn, Michigan 49841

Inspections

by Appointment


Brochure


Description

Property 6: Tailwinds Bar/Restaurant, Former Red Fox Inn, Dormitories, Residences
approx. 130,000 Sq. Ft.
20± acres
Tax Parcel IDs: 52-05-266-015-00, 52-05-101-025-00, 52-05-101-024-00, 52-05-101-026-00
Zoned: Industrial 1

Property 6 is situated on the southeast side of the largest regional airport in the Upper Peninsula, K. I. Sawyer International Airport (formerly K. I. Sawyer Air Force Base). 101,991 passengers flew out of K. I. Sawyer in 2021 with Delta and American Airlines offering daily flights to/from Chicago, Detroit and Minneapolis. Snowmobile/ATV trails come right up to the back of this semi wooded property.

The site consists of 20 acres along State Highway M-94 divided into 4 tracts of real estate with a total of 130,000 Sq. Ft. in 8 buildings. Property 6 includes the Tailwinds Bar/Restaurant, (former officers club), former Red Fox Inn, (51 room motel), Dormitories and Private Residences.

There is currently not an operating motel on the K. I. Sawyer property and with the numerous new businesses opening operations at K. I. Sawyer, the demand for restaurants and lodging is growing. This prime location is zoned Industrial 1 and would be a great property for a buyer to subdivide or redevelop.

Additional information is available with the return of this completed release.

Other Properties offered in this Sale:
Primary Auction Listing



View Drone Video of the site:

Map


Broker Participation

Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at time of registration, registers the bidder who pays for and settles for the real estate. To qualify a broker must attend one inspection with his/her client, assist as needed in the closing process and attend closing. A broker buying on his/her behalf, or on the behalf of any business entity in which he/she holds an interest on behalf of a family member or a family member’s business entity, is not entitled to a commission.


Payment Information

10% Buyer’s Premium. Sealed Bid Offers must be received Wednesday, September 14 at 4 pm ET, accompanied by a $25,000 earnest money deposit (cashier's check or wire) and a completed Sealed Bid Form. Bids must be sent via a traceable courier to Maas Companies Inc at 6923 10 Ave SW, Rochester, MN 55902. Sealed Bids are binding and non-revocable. Suggested Minimum Bid for this Property is $150,000.
An additional (earnest money) deposit is due within 2 business days bringing the total monies in escrow to 20% of the purchase price. Balance due at closing within 30 days. Deposit monies are earnest monies and non-refundable. Deposits of non-winning bidders will be returned immediately following the auction. Attorney Thomas Clark will oversee the closing.

Full Terms

Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms.

All bids are subject to Seller’s acceptance on or before Thursday, September 15 at 4:00 pm ET. Bidders will be notified of the Sellers decision in writing via email and/or by phone.

In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect the property 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 the Auction Company. Any announcement made/posted/published during the auction process takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision.