Online Commercial Real Estate Auction

SITE DESCRIPTION (information taken directly from recent appraisal)
SITE SIZE: 4.64 Acres
CONFIGURATION: Generally rectangular
TOPOGRAPHY/DRAINAGE: Gently sloping to the south and east
FLOOD PLAIN: None
FRONTAGE/STREET TYPE: The site has 380 feet of frontage along Highway WW, which is a two-lane road that is a primary road from Highway 63 and central Columbia to east Columbia neighborhoods. The site also has 510 feet of frontage to El Chaparral Ave., which is one of two entrances to the El Chaparral neighborhood.
ACCESS: The site is accessible from El Chaparral via a paved drive
VISIBILITY/EXPOSURE: The site has good visibility and exposure from Highway WW
TRAFFIC COUNT: Highway WW has an average daily traffic count of 9,642
EASEMENTS/ENCUMBRANCES: None known to be adverse
SUBDIVISION RESTRICTIONS: None known
ENCROACHMENTS: None known
UTILITIES: Electric: Boone Electric (573-449-4181) Engineering Department Contact - Susan Ausfahl – Sewer: Boone County Regional Sewer District (573-443-2774) Contact Meg or Virgil – Gas: Ameren Missouri (866-992-6619) Construction & Engineering – Water: PWSD#9 (573-474-9521) Contact-Tessa or Roger is the District Manager – Permit Requests: Boone County Resource Management (573-886-4330)
IMPROVEMENT DESCRIPTION
DESIGN: One story facility with walkout basement
CONSTRUCTION QUALITY: Average, with a concrete foundation, wood frame, brick elevations, and asphalt shingle roof
ACTUAL AGE: 42 years
EFFECTIVE AGE: 15 years
BUILDING AREA: Main Floor Area: 3,614 square feet - Basement Area: 3,614 square feet - Gross Area: 7,228 square feet
EXTERIOR WALLS: Brick
WINDOWS: Double hung and fixed pane
FLOOR DESIGN/STRUCTURE: Poured concrete slab on grade, with wood flooring over a wood substructure on the upper floor
ROOF STRUCTURE: Wood frame
ROOF COVER: Asphalt shingle
CEILING HEIGHT: 8 feet
INTERIOR CONDITION: Average
SPRINKLER SYSTEM: None
INSULATION: Assumed adequate
HVAC: Forced air heating and air conditioning throughout
LIGHTING: Fluorescent and incandescent fixtures
ELEVATORS: None; a chair lift is installed on the staircase
PARKING AREA: 0.66 Acre approx. Paved and striped
LANDSCAPING: Average with a garden at the west elevation and grass and shrubs around the building and supporting site improvements
DRAINAGE/RETENTION: No atypical water retention was noted during the observation of the property.
DEFERRED MAINTENANCE: None considered atypical for this quality and age of structure
NOTE: The improvements and site improvements are all on the north 3.0 acres with the remaining 1.64 acres undeveloped. This undeveloped area could be divided for separate use depending on the intention of the buyer and compliance with any Boone County requirements.

Online Auction Terms & Conditions
1. SITE AND PROCEDURE: This is an Absolute Auction of 4.64 acres selling as one parcel (being 4.29 acres zoned C-G and 0.35 acres zoned R-S, according to Boone County records) (Brief legal description is lots 1 & 2 of El Chaparral Plat 8, Boone County, Missouri) with a published opening bid of $495,000 plus a 10% Buyer's Premium. Bidding will begin on Monday, May 8, 2023, at 10:00 AM (CST) and will end on Monday, May 22, 2023, at 10:00AM (CST), or as extended. This online auction will be subject to a soft close, which means that every bid made in the final minute or any extension thereof will extend the bidding by an additional 5 minutes.
2. ACCEPTANCE OF BID PRICES - CONTRACT: A 10% Buyer’s Premium will be added to the final bid price to arrive at the Contract Purchase Price. The winning bidder will enter the Contract for the Sale of Real Estate at Auction immediately upon being declared the winning bidder (Buyer) by the Auctioneer, which said contract will be delivered to the Buyer, electronically or in person immediately upon conclusion of the auction. Executed Contract must be returned to Auctioneer before 12:00 NOON, May 23, 2023 and 10% of the Contract Purchase Price (earnest money) shall be deposited with Boone Central Title within 24 hours of contract signature. All earnest money funds and other down payments must be paid in the form of cash, cashier’s check, or other immediately available funds (no personal or business checks). Contract is not subject to inspections, financing or other contingencies.
3. TITLE: Seller shall furnish Buyer at Seller’s expense a commitment to issue an Owner’s Policy of Title Insurance in the amount of the Contract Purchase Price and agrees to provide and execute a proper deed conveying insurable title to the real estate to the Buyer.
4. AS-IS, WHERE IS: Real Estate is being sold “as-is, where-is” basis with no expressed or implied warranties, except title as provided in Section 3 above. Buyer must have financing arranged and make all inspections prior to the end of bidding. Buyer is responsible for conducting its owns independent inspections, investigations, and all due diligence with respect to the Real Estate and the auction. Any information provided by the Seller is for the Buyer’s convenience and the Buyer should verify all such information before relying on the same.
5. BIDDING: All bidding is online through the HiBid.com Platform. Once a bid is submitted, a bid cannot be retracted. Bid increments are set at $10,000.
6. CLOSING: Closing shall be on or before 2:30PM (CST) Friday, July 7, 2023.
7. POSSESSION: Possession will be given to Buyer at closing.
8. REAL ESTATE TAXES: Per Boone County Assessor, property is currently tax exempt, thus no assessment valuation is available.
9. BIDDER ASSISTANCE: Bidders shall not have any claim against Central States Brokers & Auctioneers, or its associates or the bidding platform if the bidder experiences any technical difficulty or internet malfunction, before or during the auction. No exceptions. If Bidder experiences difficulty in the bidding process, please call (800) 499-6774 for bidding assistance.
10. DISCLOSURE: The information contained herein is believed to be accurate, but no liability for its accuracy, errors or omissions is assumed by the Seller or Central States Brokers & Auctioneers. Buyers should perform due diligence to their satisfaction. All lines are drawn on maps, photographs, etc. are approximate. There are no expressed or implied warranties pertaining to this property.