Property Description

An online-only real estate auction will be held for an approximately 6± acre property located in Three Oaks, just a short distance from the shores of Lake Michigan. Situated in one of Southwest Michigans growing communities, this property presents an excellent opportunity for investors, developers, or buyers seeking acreage in a desirable location. The property does include a house; however, the home is being considered to have no contributory value to the sale and the property is being marketed primarily for its land value.The online-only auction will take place on June 18, 2026, at 6:00 PM with a soft close format. Bidding will open 10 days prior to the auction date, and the opening bid is set at $50,000. The seller reserves the right to accept or reject any and all bids, and the property is being sold subject to reserve. The property is being sold AS IS, WHERE IS, with no warranties or guarantees expressed or implied. Any personal property, debris, or remaining items left on the property after closing and/or possession shall transfer with the property and become the responsibility of the buyer.The property is being sold AS IS, WHERE IS, with no warranties or guarantees expressed or implied. Any personal property, debris, or items remaining on the property after closing and/or possession date shall remain with the property and become the responsibility of the buyer. A 10% non-refundable earnest money deposit will be required from the successful buyer. Any inspections desired by prospective buyers must be completed prior to the close of the auction, as no post-auction inspection contingencies will be accepted.Closing shall take place on or before July 16, 2026, unless otherwise agreed to in writing by both buyer and seller. Sellers shall retain possession of the property for up to 90 days after closing. During the possession period, sellers will be responsible for maintaining all utilities and related expenses until vacating the property and providing written notice to the buyer, at which time utilities will transfer to the new owner. Sellers will also maintain insurance coverage during the possession period. Final possession shall be delivered no later than October 16, 2026, at 5:00 PM. In the event sellers fail to vacate by that date and time, sellers shall pay buyers a penalty of $500 per day until possession is delivered.Property taxes shall be prorated through October 16, 2026, regardless of whether sellers vacate earlier. Buyer and seller shall equally split the cost of owners title insurance and title work. A survey shall be waived unless required by the title company, and if required, the cost shall be equally divided between buyer and seller. Seller shall pay all applicable Michigan sales tax and any taxes related to the sale, while buyer shall be responsible for any lender fees associated with financing.

Property Features

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