National Commercial Auctioneers to Auction Six Lender-owned Commercial Properties in Minnesota and Missouri in October

Oct 07, 2010, 10:10 ET from National Commercial Auctioneers

TULSA, Okla., Oct. 7 /PRNewswire/ -- National Commercial Auctioneers ( announces the auction of six lender-owned commercial properties in October, according to Stephen Karbelk, CAI, AARE, Broker.

"We have some outstanding opportunities for investors as well as owners to purchase commercial properties below cost at lender-owned auction," said Karbelk.

The first property is set for auction on October 18 at 3pm. Located at 124 2nd Street in Stillwater, Minn., this 7,564 square-foot building is located on .17 acre lot and was formerly used as a retail office.

Located at 3715 Grand Way in St. Louis Park, Minn., the second property is a street-level retail storefront built in 2005 in the popular Condominiums of Excelsior and Grand, a residential and business district with a wide variety of retail shops, restaurants, and entertainment destinations. Auction for this property is set for October 19 at 10am.

The third property is located at 11322 86th Avenue North in Maple Grove, Minn. The 6,914 square-foot office condo is close to turn-key ready and is a dual-level, single-occupant office with two private entrances. The auction is scheduled for October 19 at 1pm.

The fourth property is a one-story, single-tenant facility encompassing 2,400 square feet of commercial office and warehouse space on a .21 acre lot. Located at 62 Hamel Road in Hamel, Minn., the auction on this property is set for October 19 at 4pm.

2808 Pembroke Lane in Saint Joseph, Mo., is a two-story building with 12,060 square feet on the first floor and 8,998 square feet on the second floor, sitting on 1.82 acres with a large asphalt parking lot. This former fitness facility includes a pool and indoor basketball court. Auction is set for October 20 at 10am on this property.

The final property is an industrial facility located at 23411 East 223rd Street in Harrisonville, Mo. Auction is set for October 20 at 3pm on this property situated on 5.6 acres and built in 2001. Included is a 7,200 square-foot single story building, as well as a 10,000 square-foot gravel parking lot.

Broker participation is offered and encouraged. For more details on how to receive property information packages, visit or call toll free (877) 895-7077.  

National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.

SOURCE National Commercial Auctioneers