Market Overview

AmeriBid LLC to Conduct Sealed Bid Auction of 1+/- Acre Development Lot in Rochester, MN

ROCHESTER, Minn., Feb. 13, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.AmeriBid.com) announces the sealed bid auction of a 1+/- acre development lot in a convenient location for retail business. The lot, located at 1401 N. Broadway in Rochester, Minnesota, is currently operating as a fuel station, convenience store and car wash. "The property has great development potential along the route coming in and out of downtown Rochester and from the Mayo Clinic," comments Jacob Hart, Regional Director and Auctioneer for AmeriBid LLC. "The site is adjacent to the future location of an upscale apartment complex to be located along the Zumbro River. This corner lot would be an ideal location for many different business types."

The property currently features two buildings totaling 5,516+/- square feet that were built in 1988, and is in an excellent location that would be suitable for many types of businesses. It is situated on a major intersection in a high growth area, with a Wendy's and many other local retail strips nearby. Other notable area features are the Mayo Clinic, Silver Lake Shopping Center, and the Rochester International Airport. The lot is zoned B4 for general commercial use and contains 21 parking spaces. The current owners will take care of removing the underground storage tanks, fuel piping, and fuel dispensing equipment, and will obtain a NFA letter if needed for the future use of the property.

Sealed bids for this auction are due Wednesday, March 6th, 2013 at 5:00PM CST at the offices of AmeriBid LLC: 7715 E. 111th Street South, Suite 114, Tulsa, OK 74133. 

Broker participation is encouraged. Properties may be inspected during scheduled previews. For more details on how to receive more information about the property and complete terms, please visit www.AmeriBid.com or call 877-895-7077.

Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.

The AmeriBid logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15338

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CONTACT: Media Contact: John Pellow 877.895.7077

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