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AUCTION
COMMERCIAL REAL ESTATE
TOOL HOUSE BUILDING
On Site: 510 Walnut St. – Monroe, La.
WEDNESDAY – MAY 1ST – 10:00 am
Mike Ackel & Associate Auctioneers are proud to offer this exciting .58 acres downtown commercial property at auction. This property has not been on the market in over 46 years. 15,352 total sq. ft. commercial building with a 125 X 100 sq. ft. corner asphalt parking lot at the corner of Walnut & Pine,
Walnut Street is the gateway to Downtown Monroe, St. Francis Hospital, Vantage Tower, Vantage State Building, Court House, The Monroe Chamber of Commerce and is convenient to I-20 and West Monroe, located 2 blocks off Louisville Avenue, across the street from the Warehouse Restaurant. This building gives the buyer the opportunity to subdivide into multi-unit commercial buildings, offices, retail or residential with parking, sidewall mural sign or billboard potential. Show windows fronting Walnut, in ground Hydraulic lift for Shipping & Receiving with overhead door.
This property is located in the C.B.D. (Central Business District), Downtown Monroe’s newest & most upcoming district, near Restaurants, Flying Tiger Brewery, Parish Bar & Grill, The Hub Music Hall, R.J. Young Co., Tipatinas, Bayou DeSiard Title, Children’s Museum, and Washington Plaza. Being developed are the Apartments @ 310 Walnut and The Lofts @ 300 Walnut and Avery Executive Office Suites as well as others.
For more information – 318-325-8207
Auction Terms and Conditions
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10% down day of sale by cash or certified check. Must be a registered bidder to bid. Balance due at close within 30 days. 10% buyer’s premium added to highest bid. Selling subject to confirmation of seller of day of sale. Seller is highly motivated and has every intention of selling. All measurements are plus or minus. Selling as is with a warranty deed. Announcements made from the auction block will take precedence over any previously printed material or any other statements.
- All Property is sold AS IS WHERE IS and we make no guarantees, warranties or representations expressed or implied, with respect to the authenticity of authorship, physical condition, size, quality, rarity, importance, provenience, exhibitions, literature of historical relevance of the property or otherwise. No statement anywhere, whether oral or written, shall be deemed such a guarantee, warranty or representation. Prospective bidders should inspect the property before bidding to determine its condition, size and whether or not it has been repaired or restored and no refunds or credits shall be issued.
- On the fall of the Auctioneer’s hammer, title will pass to the highest bidder acknowledged by the auctioneer, subject herein, and bidder of all the conditions set forth herein, and bidder assumes full risk and responsibility and will pay the full purchase price.
- Bidder acknowledges responsibility for any personal injury or property damage caused by bidder or his agent, and further agrees to hold Mike Ackel & Associates Auctioneers L.L.C. (its agent’s officer’s owners or customers) harmless for any personal injury to himself or his agents, family, guests and any personal property damage incurred on site premises
WE HAVE TRIED TO BE AS ACCURATE AS POSSIBLE IN OUR DESCRIPTIONS AND MEASURMENTS; HOWEVER, ALL DIMENTIONS SHOULD BE CONSIDERED APPROXIMATE AND WE URGE YOU TO MAKE YOUR OWN INSPECTIONS.
Announcements made day of sale take precedence over printed matter.
Buyer acknowledges and agrees to abide by CONDITIONS OF SALE concerning any merchandise sold at Auction conducted by Mike Ackel & Associates Auctioneers L.L.C., Monroe, La.
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