4029 Old 27 S, Gaylord, MI 49735

4029 Old 27 S, Gaylord, MI 49735

5,526 +/- SF Restaurant with 6,000 +/- SF Pavilion

Property on 1.78 +/- acres with plenty of parking

Fully renovated in 2018

Zoned B-3, Business. Light Manufacturing

Well with private septic

Pavilion includes an axe throwing area

Includes Liquor Licenses # L-000400221 (Class C Resort) & L-000400222 (Specially Designated Merchant)

Includes All Equipment (List Below)

LEGAL DESCRIPTION

Parcel 1:
Commencing at the North 1/4 corner of Section 28; thence North
89 degree 31 minutes 29 seconds West 1024.65 feet along the
North line of said Section to the Point of Beginning; thence South
02 degree 16 minutes 35 seconds East 199.99 feet; thence North
89 degree 33 minutes 09 seconds West 238.28 feet to the Easterly
Right-of-Way of Highway Old US 27; thence North 03 degree 32
minutes 01 seconds East 200.05 feet along said Right-of-Way to
the North line of said Section; thence South 89 degree 32 minutes
49 seconds East 218.00 feet along said section line to the Point of
Beginning. Part of the Northeast 1/4 of the Northwest 1/4 of
Section 28, Township 30 North, Range 3 West.
Commonly known as: 4029 Old US Highway 27, Gaylord, MI
49735

Parcel 2:
Commencing at the North 1/4 corner of Section 28; thence North
89 degree 31 minutes 29 seconds West 1242.63 feet along the
North line of said Section; thence South 03 degree 32 minutes 01
seconds West 200.07 feet along the Easterly line of Highway Old
27 to the Point of Beginning; thence South 89 degree 33 minutes
09 seconds East 238.28 feet; thence South 02 degree 16 minutes
35 seconds East 129.95 feet; thence North 89 degree 31 minutes
41 seconds West 251.44 feet to said Easterly Right-of-Way line;
thence North 03 degree 32 minutes 01 seconds East 129.89 feet
along said Right-of-Way line to the Point of Beginning Part of the
Northeast 1/4 of the Northwest 1/4 of Section 28. Township 30
North, Range 3 West.
Commonly known as: 4055 Old US Highway 27, Gaylord, MI
49735

EQUIPMENT LIST:

2) BERG BRFS-2D/B SLIDING GLASS DOOR COOLERS, S/N SY196828

TRUE GDM-45 SLIDING GLASS DOOR COOLER, S/N 1-3901498

SABA 6’ PORTABLE STAINLESS STEEL 3 DOOR COOLER

KROWNE STAINLESS STEEL ICE BINS

SAUBER STAINLESS STEEL DRAIN TABLES & LIQUOR RACK

71” STAINLESS STEEL 4 BASIN BAR SINK

SAUBER STAINLESS STEEL TABLET

24 HEAD BEER DISPENSING SYSTEM

AMERICAN PANEL 12’ X 6’ WALK-IN BEER COOLER W/ FLOOR

SABA 67” PORTABLE 2 DOOR PREP STATION, MODEL SSP-67-9

SABA 6’ PORTABLE 4 DRAWER CHEF BASE

PATRIOT TABLE TOP ROTARY OVEN

STAR MAX 36” GRIDDLE

GARLAND 6 BURNER SINGLE DOOR OVEN

2) SABA DEEP FRYERS

HENNY PENNY COMPUTRON 1000 BROASTER

BAKERS PRIDE DOUBLE STACK PIZZA OVEN

BLODGET SHO-100-G DOUBLE CONVECTION OVEN

SABA 70” PORTABLE PREP STATION, MODEL SPS-72-30M

STAINLESS STEEL HAND SINKS

ADC FORTY-FOUR DISHWASHING SYSTEM, S/N RL13735

HOBART H600 FLOOR MIXER, S/N 1448601

KOLPAK COMBO WALK-IN COOLER, EACH COMPARTMENT 20’ X 7’

89” STAINLESS STEEL TRIPLE BASIN BAR SINK

5’ STAINLESS STEEL SINK TABLE

6’ STAINLESS STEEL TABLE W/ CAN OPENER

SABA S-47R 2 DOOR STAINLESS STEEL PORTABLE REFRIGERATOR

ECON-AIR 24’ STAINLESS STEEL EXHAUST HOOD W/ FIRE SUPPRESSION SYSTEM

STAINLESS STEEL CAN RACK

WIRE SHELVES

AMERICAN 100 GALLON HOT WATER TANK

KYOCERA TASKALFA 2552CI COPY MACHINE

TOAST POS SYSTEM

2 SENTRY SAFES

WOOD TOP TABLES

PADDED SWIVEL BAR CHAIRS

PADDED METAL CHAIRS

BUNN IBC-TWIN TALL BREWER

MANITOWOC INDIGO NXT ICE MACHINE

TRAY CARTS, ALUMINUM TRAYS, ALUMINUM POTS, PLASTIC WARE, UTENSILS, STAINLESS STEEL PANS, DISH RACKS, PORTABLE CARTS, FRY PANS, HATCO UNDERSHELF WARMER, STAINLESS STEEL WALL SHELVES, DISH WARE, GLASS WARE, CARRYOUT CONTAINERS, OFFICE FURNITURE, DÉCOR, FLATSCREEN TELEVISIONS

4029 Old 27 South, Gaylord, MI 49735

Although information has been obtained from sources deemed reliable, the auctioneer makes no warranty or guarantees as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves to make inspection prior to sale. There will be no refunds issued to buyers unsatisfied with their purchase.  We recommend that buyers inspect all items to make sure they are aware of what they are bidding on.  Relying on the auctioneers description and photos instead of inspecting the items for yourself is not a cause for a refund.

1. Bidder Registration: All prospective buyers must register to bid. A $50,000 deposit will be required in order to bid. Unsuccessful bidders will have their deposit refunded.
2. Documents Available: A bidder’s information packet for this property will be available on the day of the auction and will include the legal description with a specimen of the real estate purchase and sale agreement.
3. Property Inspection: Preview of the property is essential. Property is being sold in “As Is, Where Is” condition with no expressed or implied warranties. Property will be sold subject to all easements, restrictions, zoning and other matters of record.
4. Final Bid: Seller has the right to accept or reject any & all bids to include the final bid.
5. Auction and Bid Format: Auctioneer reserves the right to bid on behalf of any buyer. The auctioneer reserves the right to conduct the auction and to accept bids in any increments he feels are in the best interest of the Seller and reserves the right to waive any previously printed or announce requirements.  All auction day announcements supersede any printed material or any other auction statements previously made.  The Auctioneer may elect to cancel the auction at any time without penalty.  The Auctioneer shall be held harmless by the buyer and/or seller should the property fail to go to a successful settlement for any reason.  All bidding is open and public.

6. Requirements of the Successful Bidder: There will be a 10% buyer’s premium. The last bid (plus the buyer’s premium) will establish the final sale price, if accepted by the Seller. Immediately upon conclusion of the bidding the successful high bidder will be required to sign the real estate purchase agreement and the bidder’s deposit will be put into the Auctioneer’s Client Trust account.
7. Financing: This property is being sold for cash not subject to any financing. Should you require financing, be sure to have your financing in place prior to bidding.
8. Taxes: Taxes will be prorated to the day of closing.
9. Closing: This sale will close within Ten (10) days of the auction subject to no contingencies, with the balance of the purchase price due at closing. If high bidder fails to close his deposit will be forfeit, unless failure was due to Seller’s actions.
10. Title: At closing the Seller shall provide a covenant deed without liens, subject to all easements, restrictions, zoning and other matters of record.
11. Occupancy: Successful buyer shall have occupancy at closing.
12. Agency Disclosure: Auctioneers are agents of the Seller in the sale of this property.
13. Disclosure: All information in this package was derived from sources believed correct but is not guaranteed. All property dimensions are only approximations. Buyer shall rely entirely on his own information, judgment and inspection of property and records.  Any other terms and conditions will be announced on the day of the auction and will take precedence over printed matter.
14. Fair Housing: As required by Federal and State laws, Auctioneer and/or Seller will not discriminate because of race, religion, color, national origin, sex, marital status, age, height, weight, physical disability, mental disability or familial status.
15. Broker’s Notice: Please call for details. Not all auctions have co-broker participation. A broker must register a buyer 72 hours prior to the auction if that specific auction offers co-broker participation.
16. Risk to Person and Property: Any person attending the inspection or auction sale assumes all risks of damage or loss to person or property and specifically releases the Auctioneer and his principal(s) from all liabilities.

In the event of any conflict between this document and the purchase agreement, the purchase agreement will prevail.