27,000 Sq. Ft. Industrial Building on 18.92 Acres in Niagara, WI by Order of US Bankruptcy Court

27,000 Sq. Ft. Industrial Building on 18.92 Acres in Niagara, WI by Order of US Bankruptcy Court

Current Bid

$280,000.00 USD

Bidding is completed


$50,000.00 USD

$2,500.00 USD



7:20 PM CDT


Lot details

General Description: 

Approximately 27,000 Sq. Ft. Industrial Building on 18.93 Acres in Niagara, WI ~ Online Real Estate Auction Selling by order of the US Bankruptcy Court Western District of Michigan Ch. 7 Case No. 19-90217. This property features a former trucking terminal comprised of three parcels selling as one for a total of 18.93 acres. The property includes four buildings with a total of approx. 35,000 sq. ft. The main building has an 20' x 60' office area with eleven offices, bathrooms, breakroom, dispatch and reception area. The downstairs has living quarters for drivers. The warehouse has a75' x 115' truck shop and a 50' x 175' trailer shop. A total of four drive through truck bays feature ground level overhead doors in the truck shop, while the trailer shop has two long drive-through truck bays. The ceilings range from 20', 18' and 16' high. The truck shop comes with three drive over service pits; each pit has an automatic oil suction system which filters to the 3,000 gallon containment system as well as two plumbed in lines for oil and grease. There is also an easy drive over alignment pit. All waste from these pits is screened and sent to the 12' x 24' x 6' underground containment system that drains out water and keeps the oil, grease, and mud and can be easily pumped for disposal. A 20’ x 75’ paint booth has explosion proof lighting, ventilation, and a filtration system. The warehouse has pellet stove heat and 600-amp power. The property also includes a 70' drive on scale and loading docks that will be included in the sale of the real estate. The natural gas, city water and sewer property has chain link fence, lighting, and a portion of the property has asphalt surface. Two other pole barn type buildings are on the property -- a warehouse/light manufacturing space with loading docks that is falling over and will need cleanup, and the wood pallet building with a crusher system. This property offers a number of potential uses with plenty of square footage and acreage for any business. Do not miss this excellent opportunity. Power details: 700 amps in the truck terminal building, 7000 amps pellet plant, 5000 amps in the wood crusher. This property sells subject to the US Bankruptcy Court's approval of the high bid.

 Please note that the ending time for this auction is 7:00 pm CENTRAL TIME.

Address: 1050 Washington Ave.
City: Niagara
State: Wisconsin
Zip: 54151
Township: City of Niagara
County: Marinette County
PP#: 261-00089.002; 261-00089.004; 261-00089.013
SEV: Total Assessed Value 2023: $521,400
Summer Taxes: Combined Net Real Estate Taxes (2023): $15,687.12
Type: Warehouse, Industrial
School District: Niagara School District
Acres: 18.93 Acres combined
Heating: Natural Gas
Square Footage: Approx. 27,000 SF
Septic/Sewer System Type: Sewer
Water Type: Municipal Source
Power/Phase: 700 amp
Ceiling Height: 20', 18', 16'
Open for Viewing: Tuesday, May 21 from 4:00-6:00 p.m.

Lot Contact Information

Lot Specific Contact
Jordan Miedema

Buyer Fees

Buyer's Premium (based on winning bid amount): 8%
No discount offered on this lot.


The following are a summary of the terms for the real estate auction. Please review the terms for each property as terms can differ from property to property. This summary is in addition to the Site User terms indicated in the registration process and is provided for the convenience of the bidder. The complete terms which will govern the sale of the real estate can be found in the contract for the sale of the real estate also referred to as the BUY/SELL agreement and can be found on each property’s website. Bidders should review that document prior to bidding to familiarize themselves with those terms.

Buyers Premium: A Buyer Fee of $1000 or 8%, whichever is greater, will be added to the high bid and charged as a transaction fee to the buyer. This buyers premium will become part of the Auctioneers Commission.

Deposit for Real Estate: A deposit of ten percent (10%) of the purchase price or $5,000, whichever is greater, will be required of the successful bidders within 48 hours of the conclusion of the auction. If the property sells for less than $5000, then the deposit due will be the bid price plus a $1000 premium. A LASTBIDrealestate representative will contact you if you are the high bidder to coordinate your deposit and BUY/SELL agreement signatures. Wire transfer, cash, cashier’s check, personal or company checks are accepted for the deposit. This deposit is NOT refundable if you the buyer do not carry through with the purchase. Your bidding IS NOT conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing.

Conditions: All properties are sold “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Potential buyers should inspect all properties before placing any bids. Any improvements which may need to be done will be the responsibility of the purchaser. All information advertised or stated was derived from sources believed to be correct but is not guaranteed. The Real Estate DOES NOT sell contingent upon financing, acceptable post-auction inspection, acceptable environmental reports, surveys, use requirements, other property sales and purchases, or any other matter whatsoever. The auction company retains the right to place bids on the behalf of any buyer, employee, principal, or seller. All property dimensions are only approximations. No new surveys or perk tests have been completed. Any surveys or perk tests desired will be the sole cost and responsibility of the buyer and are not a contingency of the sale. The property will be sold subject to any easements and building and use restrictions of record. The Real Estate will be sold free and clear of all liens of record, unless otherwise stated.

Inspection: Buyers shall rely entirely on their own information, judgment, and inspection of the property and records. Buyers can and should inspect prior to the auction. Acceptable inspection after the auction is not a contingency of your bidding so be sure you have inspected the property to your satisfaction prior to the auction. LASTBIDrealestate cannot provide inspection or access to the property after the auction until the closing. Please note the advertised Open for Viewing times.

Closing: The balance of the purchase price will be due within 10 days of all paperwork being ready for closing but not later than 30 days after the auction. The Sale of the Property shall be closed within ten (10) days after all necessary papers are ready, but not later than 30 days after the auction date. If the closing of the sale is delayed by reasons of delays in the title work, or by title defects which can be readily corrected, a further period of sixty (60) days shall be allowed for closing. Buyer will receive possession at close subject to tenant’s rights if applicable. Closing fees of approximately $350 will be divided evenly between the buyer and seller

Taxes and Assessments: Property Taxes which are due on the property on or before the date of the auction will be paid by the SELLER without proration. All property taxes due after the date of the auction will be the responsibility of the BUYER without proration. The BUYER will assume any dues or assessment balance which remains after the Seller pays for any dues or assessment installments which are due and payable on or before the date of the auction.

Deed and Title Insurance: Seller will provide at their cost, a deed to the property and an owners title insurance policy in the amount of the purchase price at closing.

Buyers Note: If you are the successful bidder, you must sign all the purchase agreements and make your deposit on the property within 2 business days of the conclusion of the auction. Individual purchases are to be considered as singular transactions, not contingent on any other purchases of properties on the auction. The ability to obtain financing is NOT a contingency of the sale. Properties will be sold subject to the acceptance or rejection of the high bid by the seller(s) within 10 days of the conclusion of the auction unless specifically stated that it is selling with No Minimums or Reserves. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion. Any exceptions to the above terms will be noted in the Additional Announcements information for each property.

Additional Buyer Costs: Unless otherwise stated, in addition to the Bid Price the Buyer will be responsible for the Buyers Premium, one half of the closing costs charged by the title company (approximately $200), and any post auction real estate taxes and assessments.