ABSOLUTE AUCTION
Online Only
Absolute Auction......Selling to the highest bidder.
17.87± acres of vacant industrial land zoned HM – Heavy Manufacturing, consisting of 6.6 acres with timber possibilities and 11.17 acres of Industrial Outddoor Storage. The site offers 120,000 sf of metal canopies and 90k lb truck scale. Property has significant size and flexibility for industrial use or future development and will be sold as-is via online auction.
Property Overview
Parcel Number: 25-122860
Address: 0 Olive St, Niles, OH 44446
Zoning: HM Heavy Manufacturing
Annual Taxes: $2,600
Property Facts
Land: 17.87 AC
Structure: ± 120,000 SF Steel Framed Canopies
Clear Height: 14' - 16'
Canopies: 23' x 27' Corrogated Roofing
Power: 3-Phase / 240
Utilities: Electric
Truck Scale: Thurman Atlas 30' x 10' Sam Truck Scale
Class II / Section Rating 90,000 LB / Max Capacity: 160,000 LB
Max Axle Load Single 25,000 lb / Max Axle Load Dual : 45,000lb
ONLINE AUCTION ONLY
Terms and Conditions
A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
B) Successful Bidder will be required to enter into the purchase agreement within 2 hrs after close of auction as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% of final Purchase Price by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder
or re-listing the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.
F) The sale is not contingent upon a satisfactory inspection.
G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
H) Closing to occur on or before April 20th, 2026.
I) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
J) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
K) There is a 10% (TEN) Buyer’s Premium added to your final bid to determine
the final purchase price.
By registering for this auction you are accepting
all Terms and Conditions!
The bidding will begin to close at 4:00 PM March 19th, 2026 with a two minute auto extend. This means that if a bid is placed within the last two minutes, the bidding will be extended for an additional two minutes.
What are you waiting for? You truly must see this property in person to fully appreciate it. Register to bid and check out all the documents and photos that we have available for your due diligence. Great investment opportunity!
For Property Information and Tours:
Michelle Angeny, ACoM | EXP COMMERCIAL
216-926-8481 | michelle.angeny@expcommercial.com
For Auction Information:
Adrian Walters, CAI Auctioneer | TRANSITION AUCTION GROUP, LLC
Senior Advisor | EXP COMMERCIAL
614-348-8377 | adrian@transitionauctiongroup.com
Auctioneer License # 2019000013
Corporate License # 2025000087
Acknowledgment of Terms and Conditions
- If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.
- Successful Bidder will be required to enter into the purchase agreement within two hours of auction closing as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.
- Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.
- Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.
- The real estate sells in "AS IS" condition. The Seller is not making any repairs or making any concessions.
- The sale is not contingent upon a satisfactory inspection.
- The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.
- Closing to occur on or before 4/26/26.
- Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.
- Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.
- There is a 10% (Ten Percent) Buyer’s Premium added to your final bid to determine the final purchase price.
