This property is Off-Market

801 Virginia Park Street
Detroit, MI 48202 ·

Health Care For Sale

N/A

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This property will be auctioned on
03/04/2013 10:00 AM EST

Auction Location:

ONLINE AUCTION

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This property was auctioned on 03/04/2013 {{displayTime | date:'hh:mm a'}} EST

ONLINE AUCTION: Ordered By Lender - Hospital

Price N/A Distressed Yes
Property Type Health Care Auction Yes
Property Sub-type Acute Care Hospital Commission Split 2%
Property Use Type Vacant/Owner-User
Listing ID: 18028176 Date Created: 02/14/2013 Last Updated: 04/01/2013

Description

ONLINE AUCTION: Ordered By Lender - Detroit Hope Hospital - Suggested Opening Bid of $120,000

Former Detroit Hope Hospital in Detroit, MI. Suggested opening bid of $120,000. Closing must occur by March 27, 2013!

75,364± sf (70,016± sf net rentable) 4-story building with portions that are only 2 stories, plus basement. Built in 1959, with several additions completed through 1965, and renovated in 1999. Includes 2 elevators and 3 parking lots. All furnishing, fixtures and equipment sold with the real estate.

2.26± acres total (1.68± acres for the building plus 0.58± acre parking lot across the alley, north of Virginia Park St). Zoned R3-H, Low Density Residential.

Buyers Premium:8% Buyers Premium based on the high bid.
Closing: Closing must occur by March 27, 2013. Sold in As-Is condition, no contingencies. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE FULLY EXECUTED PURCHASE AND SALE AGREEMENT (A COPY OF WHICH IS AVAILABLE FOR DOWNLOAD WITH THE PROPERTY INFORMATION PACKAGE) SHALL CONTAIN THE SPECIFIC TERMS OF THE SALE AND SHALL GOVERN THE RELATIONSHIP BETWEEN SELLER AND PURCHASER.
Deposit Amount: $5,000 initial deposit required to bid, acceptable payment in wire transfer, certified funds or credit card hold. Final non-refundable deposit will be equal to twenty percent (20%) of total purchase price due in full to Stewart Title Guaranty Company via wire transfer no later than 5:00pm ET on March 7, 2013. Upon receipt of full deposit the initial deposit hold will be removed from bidder's credit card by Tranzon.
Broker Co-op: 2% of the high bid will be paid to a properly registered buyer broker upon consummation of closing.

Online bidding ends Wednesday, March 6, 2:30pm ET. Please see Auction FX1716 at our website for more information.

Research

801 Virginia Park Street, Detroit, MI 48202 (Wayne County)

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