Day 1 of Washtenaw County's tax foreclosure auction: 4 commercial properties sold
A former adult book store on East Michigan Avenue is one of four properties that sold Monday in Washtenaw County's tax foreclosure auction.
The building at 2485 E. Michigan Ave. was one of seven commercial properties up for bids in the auction that started last week.
The highest selling price recorded on Monday was $51,600 for 7970 Clark Lake Road in Lyndon Township. Its minimum bid was $29,900, and had an estimated market value of $248,600.
Also selling on Monday was vacant land on Ecorse Road, which sold for $4,200, and a small structure at 12208 W. Michigan in Bridgewater Township for $5,700. Both of those totals were the minimum bids.
The county generated $83,500 in the commercial portion of the auction, compared to the $96,000 "break-even" figure.
Unsold properties will go into a sale later this year.