Historical Health Care Sale Listing - ONLINE AUCTION: Ordered By Lender - Hospital

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ONLINE AUCTION: Ordered By Lender - Hospital

801 Virginia Park Street, Detroit, MI 48202

N/A

Health Care

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Health Care Property - Off Market

Price:
N/A
Property Type:
Health Care
Property Sub-type:
Acute Care Hospital
Property Use Type:
Vacant/Owner-User
Distressed:
Yes
Auction:
Yes
Commission Split:
2%
Listing ID
18028176
Last Updated
over 1 year ago

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.

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

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Created 2/14/2013