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AmeriBid LLC to Conduct Auction of Centrally Located and Highly Visible Office Building

KANSAS CITY, Kan., June 18, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the owner ordered liquidation auction of a 25,060+/-sf Brick Commercial Building on Minnesota Avenue. "This is a great central business district location in close proximity to the Wyandotte County Courthouse," comments Don Gabriel, Regional Director and Broker for AmeriBid. "It would be an ideal public agency setting."

The property will be auctioned on-site at 626 Minnesota Avenue, Kansas City, KS at 11:00am CDT on Tuesday, July 9th, 2013. The sturdy brick and stone building is located in the municipal district of Kansas City, Kansas. It was built in 1950 and consists of 25,060+/- sf of commercial space, which underwent a full renovation in 1992. The building features three floors and a fully finished basement, with restrooms, an elevator and staircases serving each level. It has a sprinkler system and 8 foot ceilings. It could be used for one tenant or divided into multiple spaces – the decision is left to the discretion of the buyer. The property is situated on a 0.158+/- acre lot and has paid parking available on the east of the building.

The property is zoned Central Business District and allows for a variety of commercial uses in order to encourage a broad range of businesses in the downtown area. It is located between 6th and 7th Street on Minnesota Avenue, a major thoroughfare in Kansas City and is within a short distance to the Wyandotte County Courthouse, making it a perfect location for a variety of uses. The Kansas City International Airport is just 13 miles away.

The Kansas City metro area spans across both the Kansas and Missouri borders and is comprised of approximately two million people. In 2012, Kansas City was named one of America's best downtown areas by Forbes magazine for its arts culture, various fountains, upscale shopping areas and local cuisine featuring barbeque as a notable area specialty.

A 10% Buyer's Premium applies. A 1.5% Broker Participation is offered, subject to Auction Company guidelines. Property inspection dates and times are available on our website. To receive more details and complete terms, please visit www.ameribid.com or call 877.895.7077. You may also contact Don Gabriel directly at 913.708.0688 or dongabriel@ameribid.com.

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.

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CONTACT: Media Contact: Michelle Baker 877.895.7077

Source: AmeriBid