1) This is an online only auction. All bidding will take place on the auction company's online bidding platform. 2) Bidding will end on Tuesday, December 15, 2020 at 7:00 p.m. CDT, with a soft close, meaning that a bid within the final minutes will extend bidding by an additional 8 minutes. This will continue until there is an 8 minute interval without a bid. Bidding is not contingent upon financing. 3) There will be a 3% buyer's premium added to the final winning bid, to arrive at the contract sale price. 3a) 2 points paid to Participating Brokers 4) The winning bidder will enter into a contract to purchase, which will be sent to the winning bidder via email. The contract must be returned to the auction company (hand delivered, scanned and emailed, or faxed) by 5:00 p.m. CDT, on Wednesday, December 16, 2020. 5) The sale of this property is subject to the approval of the sellers. 6) 5% of the contract sale price will be due as a downpayment, and shall be submitted to Continental Title Company, Kansas City, MO, by 5:00 p.m. CDT, on Wednesday, December 16, 2020, and is to be held in escrow with Continental Title Company. 7) Closing shall be conducted by Continental Title Company, on or before January 22, 2020. 8) Possession shall be given to buyer at closing. 9) Seller shall provide title insurance in the amount of the contract sale price. Title shall be conveyed by a General Warranty Deed. 10) Seller has paid and is responsible for all previous real estate taxes. 2021 real estate taxes will be prorated to the date of closing. 11) This real estate sells "As-Is, Where-Is", with no warranties expressed or implied, and no contingencies, whatsoever. Because of the unusual geological nature of this property, buyer is advised to seek expert opinion about the remediation of the affected area. 12) If internet service or functionality of the website fails in any way, bidder shall have no claims against Iman Auction Company or anyone else associated with the auction.

This is an Online Only Real Estate Auction! In 2018 the current owners paid $1.7M for the 10,000 sf new construction on 1.6 acres. Their lease was $14k/mo, then the north (back) part of the property caved in, causing the city of Sugar Creek to close the store. The city of Sugar Creek has expressed a strong desire to get the geological remediation completed and get this piece of prime commercial real estate viable again. The real estate is being sold with all improvements and attachments, including like-new walk-in cooler, display freezers, shelving and displays, check-out counters, and full inventory. Sugar Creek building manager calls for a Geotechnical Report, followed by remediation. The current owners aren't capable of carrying out this major undertaking, which means that the next owner of the property could be in an exceptional position equity-wise.