Commercial Auction Listings

LFC is venturing into the land of 10,000 lakes to auction +/-73 acres of bank-owned land in Bemidji, the largest city in northern Minnesota. Located on the western shore of Wolf Lake, this property is considered a great residential/resort development opportunity. This online auction has a minimum bid of $699,000, less than half the previous asking price. In addition, there are several other aspects of the property and the town that make this auction a must-see for developers.

The city of Bemidji is part of the Cass Lake Chain of Lakes and the first city on the Mississippi River. Famous for its renowned Walleye fishing and tales of Paul Bunyan, who made the town his “playground” (yes, the larger-than-life lumber jack who befriended a giant blue ox), Bemidji is also well known for its state university. The Canadian border and nearby Winnipeg are only a short drive from Bemidji, making it a desirable vacation getaway for those looking to escape Winnipeg’s city life and enjoy the endless outdoors activities surrounding the lakes.

The Bid Deadline for this auction is on April 8th, 2010, so I strongly recommend that you check out the online auction and all of the property details at LFC.com.

Want to know more about Bemidji or share in the conversation? You can follow us on Twitter at Twitter.com/LFC_Auction. You can also follow the Bemidji visitor information Twitter account @visitbemidji or the Bemidji State University Twitter @BSUNews.

Photo Credit: mod as hell @Flickr.com

LFC is currently auctioning two bank-owned parcels in the central California coast counties of Santa Barbara and San Louis Obispo. Although I was born and raised in Southern California, the central coast is definitely my favorite part of the state. Best known for its vineyards and country lifestyle, the central coast goes against the strain of the hustle and bustle of southern and northern California’s biggest cities. The countryside is much more open, the beaches more peaceful, and the people more laid back. I see it is a privilege for me to introduce each of theseexceptional properties and highlight their development opportunities for commercial and residential use.

The first of these properties is located in Los Alamos, only a few minutes south of Santa Barbara County’s largest city, Santa Maria. Los Alamos is a small town situated along California’s scenic 101 Freeway stretching from Downtown Los Angeles to the Oregon border. The parcel of land we are auctioning is situated in an established residential neighborhood and consists of three individual lots totaling approximately 0.60 acres.

The second bank-owned property is an 8,800 square foot commercial / residential development opportunity in Paso Robles. Paso Robles is San Luis Obispo County’s fastest growing city, boasting dozens of award-winning wineries (for up to date information on events and local news, follow @TravelPaso on Twitter). The bank-owned property we are auctioning comes with flexible zoning, allowing for the development of both professional offices and multi-family units.

The Bid Deadline for both of these properties is coming up on April 1st and all of the necessary photos and documents are available to download at our online auction market place, LFC.com.

Photo Credit: @travelpaso at Flickr.com

Our LFC auction in Reno, Nevada is picking up steam, and the seller has decided to move 5 of the 7 properties into our open online bidding format. The Bid Deadline also extended into Wednesday, December 16th, at 5:00 PM PST as the auction continues .

Generally, auctions open in a Sealed Bid format. much like what one would find at a silent auction. Then, as market demand increases, the seller has the option to move the auction into the open bid format, allowing everyone to view the bid history and current high bids. Here are some properties that were recently moved to open bidding on our commercial real estate auction site, LFC.com:

-Online Bidding Status-

Current High Bid: LFC # 805-1: $159,000 (click here to view details)
Current High Bid: LFC # 805-2: $165,000 (click here to view details)
Current High Bid: LFC # 805-3: $187,500 (click here to view details)
Current High Bid: LFC # 805-4: $161,600 (click here to view details)
Current High Bid: LFC # 805-6: $102,500 (click here to view details)

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Though the weather outside is frightful, this hot deal is delightful for any CRE investor looking for a new opportunity. With the Bid Deadline for a former auto dealership in Columbus, Ohio just 1 week away, we want to fill you in on all the details.

This +/-35,471 SF facility on approximately 8.96 acres is comprised of three buildings:

• a showroom built in 1971
• a used car building built in 1984
• a body shop built in 1994

Like all of our commercial auctions, we post all available documents provided by the seller on our website. This way, you can perform your due diligence from anywhere you get an internet connection.

The Bid Deadline is 8:00 PMEST on December 17th. You can view all of the property details and documents at LFC.com

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

The auction for +/- 89 acres of development land in Pixley, California is coming to an end TODAY at 5:00 PMPST.

Pixley is located in the heart of California’s Central Valley in Tulare County. Situated between Visalia and Bakersfield, this Lender-Owned property is in the economic center of the Sequoia Valley region.

Broker participation is offered in all of our auctions and with only hours left in the auction, come see the auction event page to view all of the property photos and auction details at LFC.com.

After receiving another bid on a property for the Whispering Pines auction of six homesites and development land in Reno, NV, the Bid Deadline was extended until today at 5:00 PM PST.

This extension of the Bid Deadline allows interested bidders a final opportunity to place offers on homesites within the luxury community of Caughlin Ranch.

Two properties have been moved from Sealed Bidding into an Online Bidding format, similar to what one might find at eBay.com. Now the highest bids are visible to the public on the auction event web page.

Go to LFC.com to check out which of these properties will sell in this online real estate auction.

There are only 2 properties left in the post-auction of Retail Offices at Nu River Landing in Ft. Lauderdale, Florida. The remaining retail/office condos are located in the commercial component of the NuRiver Landing high-rise, a brand new luxury residential community in downtown Ft. Lauderdale.

At buy now prices, there is no telling how long these two properties will last. Check out the condos, along with all the documents and photos, on our commercial real estate auction site LFC.com.

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

When companies send out press releases, they never know which direction journalists will take their story.

Our online auction of the former Elk Meadows Ski Resort in Beaver County, Utah has received a substantial amount of media coverage. This is probably due to the fact that mountains don’t get auctioned on the internet everyday. Needless to say, I have had a good time reading reporters’ different approaches to the story.

The ski community has been drooling over the idea of owning a ski resort in Central Utah. For instance, Kraig Becker of Glading.com wrote the Elk Meadows auction story as if he were letting wealthy skiers in on a Black Friday special . Websites like SkiNet.com even joked about having a private mountain just for subscribers.

No matter which trail the journalists chose, the auction of a mountain is interesting in itself and the Elk Meadows auction is coming to a close. To see the final bids or to actually take part in the fantasy of owning your own mountain, see the auction at LFC.com.

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Photo by Mos Jef on flickr.com

Minimum Bid, No Reserve Auction – $675,000

We are thrilled to be auctioning this former Coca-Cola Bottling Distribution Center. The sellers are serious and looking for serious buyers in this absolute auction. Just like the title says, there is no reserve to this auction and the sellers aim to to find the right price before the bid deadline on December 10, 2009, at 7:00pm CST.

The property sits on ±4.74 acres of prime real estate in Waco. The building is approximately 36,000 SF and, because of its solid concrete construction, lends itself to a wide range of uses. There is also additional land for further development or use.

For more details and documentation on this rare opportunity, check out the auction at LFC.com! Good luck and happy bidding!

Former Coca-Cola Distribution Center

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Elk Meadows

LFC is Auctioning A Mountain?

Yes, that is correct. We are pleased to announce the latest campaign on our commercial property auction website LFC.com: the former Elk Meadows Ski Resort in southwestern Utah’s Beaver County. The property, comprising more than 1,100 acres of beautiful recreational land, is surrounded by a half-dozen of Utah’s most renowned national parks, including Zion National Park, Bryce Canyon, Dixie National Forest and Fishlake National Forest. Elk Meadows is secluded yet accessible; the mountain is less than three hours from several of Utah’s major metropolitan areas, including St. George, Provo and Salt Lake City.

For 25 years, Elk Meadows was the secret getaway for skiers and snowboarders looking to escape the mammoth crowds of Salt Lake City and Park City in northern Utah. However, the mountain’s proximity to several national parks made it a popular destination during off-season, as well. In summer, guests enjoyed mountain biking, horseback riding, ATVing, fishing, hang gliding and more. Throughout the years, Elk Meadows was a popular destination for vacationers from southern Utah, southern California, Phoenix, Arizona and northern Nevada. In fact, Elk Meadows is less than a four hour drive from Las Vegas, Nevada.

It’s not everyday that one can just go out and buy a mountain on the internet. Check out the auction and more of its details on this truly unique commercial real estate auction at LFC.com/L1.

Give us a shout: What would you do with your own mountain?

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About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com