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The former and famous
Iron Barley Restaurant and Bar
Watch this Listing
Listing ID: 120558 
Status: Ended
5508 Virginia Avenue ~ St. Louis, MO Commercial / Industrial | Commercial / Industrial
Starting Bid: $60,000 
Number of Bids: 0 Bid History
High Bidder:
 
Bidding Opens: Apr 26, 2020 10:21 AM
Bidding Ends: May 13, 2020 4:00 PM  (Central)
Starting Bid: $60,000
Contact: Jaymes Dearing
See Terms Below for Bidding Instructions
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms


Contact Information
Contact Type: Listing Realtor
Contact Name: Jaymes Dearing
Agency Name: RE Source, LLC
Contact Phone: 314-351-4099
Showings: Call for Appointment


Address Information
Street Address: 5508 Virginia Avenue
City: St. Louis
County:
State/Province: MO
Postal/ZIP Code: 63111
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Commercial / Industrial
Category: Commercial / Industrial
Square Footage: 3,960 (Approximate)
Lot Size: 3877
Year Built: 1916
Taxes: $5,643
MLS/FMLS ID: 20023892

Picture Gallery

Description

The former and famous Iron Barley Restaurant and Bar LOCATION is now back available for you. Residual value of location and familiarity, but business and name are NOT for sale. Besides the dining room and bar side, beyond the working kitchen area is a great patio that is set up nicely for gatherings and private functions, as is the semi-finished basement creating extra space to entertain as well as a small office below. Here's the chance and right time and opportunity to fulfill your dream of owning your own restaurant and this property gives you a good start on that.


Bidding History
BidderBid AmountBid TimestampAuto-Bid
----- No Bids for Auction -----

Questions
 
----- No Questions -----

Terms

Buyer should at their own discretion “due diligence” including but not limited to inspections PRIOR to bidding unless otherwise noted differently in auction.

To bid on any of our auctions, buyer must be of legal age to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.

All bids are placed in US Dollars.

​While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.

Buyers and agents can bid online anytime from the beginning until the end of the published auction date.

Seller reserves the right to postpone or cancel this auction at any time for any reason.

If you are outbid by another bidder, you will receive an email notice, so you can return and increase your bid if you so desire.

The bidding will be open, and everyone will have access to the bid history during the auction.

As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.

If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.

The high bidder and/or buyer’s agent will be notified via email and within 24 hours of auction close. the buyer(s) or buyer’s agent will receive an email for closing information. Information will be taken to prepare the “Offer to Purchase.”

A “Buyers Premium” of 6% or $5,000 (whichever is greater) will be added to the highest bid and the total will be written as the sales price in “Offer to Purchase”

Seller reserves the right to a final review of all bids received.

Seller may accept or reject or counter any bid regardless of whether there is a reserve or if reserve price has been met.

When the offer is agreed upon, the process will proceed like a traditional real estate transaction. The buyer will put up 3% of the sale amount or $2,500 (Whichever is greater) earnest money consideration to be held at Title Company handling the closing. All of the buyer(s) contingencies and/or inspection periods as outlined in the contract will begin.

Buyers without an agent please contact the listing agent for more information.

Closing will take place at agreed upon Title Company within a specified period of days as of the signing the contract.

 

Buyer Premium: 6.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

Number of Views
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