Good Commercial Real Estate 7% Seller Financing - 5500 Sq. Ft. Commercial Building 4 Units - Offices/Garage/Plus Rear Apartment - Also 40 Storage Units - 1.8 Acres Land - Milton Twp. - Great Exposure - Ideal for User or Investor - US Rt. 42 Ashland, Ohio

Family owned many years, owner retiring, Absolute auction, all sells to the highest bidder on location:

1251-1253 US Rt 42, Ashland, Milton Township, OH  44805

Wednesday, July 27, 2011  Auction Starts: 12:00 PM    -   Real Estate: 12:00 PM

Take US Rt. 250 approx. 1.5 mi west of I-71 to US Rt. 42 south and continue 5.1 miles to auction - OR - US Rt 42 approx. 9 miles northeast of Mansfield. Watch for KIKO signs
5500 Sq. Ft. bldg 120 X 45 - zoned commercial - 1.844 acres - 340 frontage on Rt. 42 consisting of garage area with 3 separate office rooms - large office area w/ show room - central air on one side. FA oil heat - two common restrooms - Eff. Apartment w/ laundry & shower bath. Set up to be used in four units plus apartment. Metal siding. Shingle roof. Concrete and gravel parking. 40 storage boxes adjacent to building with separate street entrance. Units 7 1/2 wide X 22 and 24 long. Good extra income. Attractive setting. RE taxes are $1,412.78 per 1/2 year. Shown by appointment or open 10 AM sale morning. Based on full occupancy gross monthly income $4,437 month. Better check it out.

Terms and Conditions:
Real Estate Terms: 10% down auction day, balance due at closing - OR - seller w/ financing w/ total of 20% down, 7% Interest, 15 yr. amortization with 5 yr call date. Secured by note and 1st mortgage.. Buyers premium of 10% will be added to the highest bid to establish the selling price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct.
AUCTIONEER/REALTOR: Russell T. (Rusty) Kiko, Jr., C.A.I., ext 115, 330-495-0923 and Rudy W. Kiko, ext 117, 330-540-2416 AUCTION BY ORDER OF: Robert Carothers

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Auctioneer/Realtor: Russell T. Kiko Jr. C.A.I.
Office: 330-455-9357 ext 115
Mobile: 330-495-0923
Fax: 330-453-1765

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