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Maple View facility to be sold at auction

One of Kenmare’s largest and most well-known buildings will be sold at auction in July.

6/02/15 (Tue)

Awaiting a new owner ... The three-story Maple View basic care nursing home at 315 2nd Ave. NW in Kenmare is now on the auction block and will be sold to the highest bidder on July 16. The building also has 14 assisted living units that have recently been remodeled.

By Marvin Baker

One of Kenmare’s largest and most well-known buildings will be sold at auction in July.

Dave Keller, a realtor with Pifers Auction and Realty in Moorhead, Minn., said Pifers has been assigned to sell Maple View, a three-story, brick building with a separate building housing 14 apartments to the highest bidder.

“It’s a written bid auction,” Keller said. “Bids are due in the office by the end of the day on July 14.”

He said those who might bid on the property but not have the highest bid, will be given a 48-hour chance to increase their bid if they are serious about wanting to purchase Maple View.

“It will probably be sold on (Thursday) July 16,” Keller said. “The reason for the written bid is for investors from other locations who may not be able to bid at an auction site.”

The projected sale date comes a week short of a year ago when residents were given notice the basic care nursing home that was formerly the Baptist Home, would be closing on Oct. 1, 2014.

Pifers, which sells real estate and conducts auctions in Wisconsin, South Dakota and North Dakota, has only recently received the listing and has not done much marketing of the property to date.

“The opportunity is there,” Keller said. “For someone with the right vision, the opportunity is perfect. Hopefully, someone can see the value in that building.”

Keller said the three-story, 60 room, original building is in good shape and is already an income-producing investment.

He’s had the opportunity to tour Maple View before listing it and called it “perfect” as an apartment complex.

“The new part has efficiency apartments and in the old part, conversions were done,” Keller said. “It has a boiler, electric heat and some natural gas heat.”

The property has had a full inspection by the North Dakota State Health Department including sprinkler and boiler for a nursing care facility, motel, living quarters or commercial office complex.

In addition, the main building has congregate dining facilities.

Once used as the Deaconess Hospital, the original structure has 30,000 square feet and sits on 7.69 acres. A newer addition on the west side of the original building, nearly doubled the square footage. The main building has three floors that includes an elevator. In all, it has 60 rooms, including 14 one-bedroom apartments and 34 rooms that can be made into living space.

The apartments, that were built in 1995, were recently listed as generating $725 to $825 per month.

“It’s a beautiful building that can be turned around and kept in the community,” Keller said. “But we’re going to sell it to the highest bidder. It could be an oil company, a construction company or a local investor. We don’t care who we sell it to. It’s going to the highest bidder.”

Keller didn’t elaborate on what a reasonable bid might be, however, the buildings and grounds were recently listed with Watne Real Estate for $350,000.

According to the Watne website, a 10 percent down payment, mortgaged over 30 years with an 8 percent interest rate, would place monthly payments at $3,070.

Anyone interested in bidding on the property, is asked to submit their written bid to: Pifer’s Auction & Realty, 1506 29th Ave. S.,  Moorhead, MN 56560.

Keller may be reached at telephone number 218-477-1968, or email (dkeller@pifers.com).

“This can be a great investment,” Keller said. “We just think it’s a terrific opportunity.” ... Read EVERY WORD on EVERY PAGE of The Kenmare News by subscribing--online or in print!