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If anyone out there hears anything about the auction and/or the outcome of the auction, please post an update here for the rest of us.
From what I have read, the opening bid was to be approx. $600,000, which is considerably less than the $1.6 million asking price that the property has been listed at for quite some time. I would assume, but do not know for sure, that there is a reserve price that will need to be met?
Thanks in advance for any info anyone can provide.
Based on this, it appears as though the property may have successfully been sold at the recent auction.
Unfortunately, I could find no further details about this auction on the Inland Real Estate site.
http://www.freep.com/apps/pbcs.dll/arti ... 7/BUSINESS