Mixed-Use Land for Auction in Mansfield, Ohio

Mifflin Elementary School ONLINE ONLY Real Estate & Personal Property Auction Bidding Will Open Saturday, October 24th @ 9:00 AM Real Estate Will Begin Ending Tuesday, November 3rd @ 5:00 PM | Contents of School to Follow 10.28 Acres - Madison Elementary Building - Investment Opportunity Property is located at 441 Reed Road, Mansfield. Real Estate: Offering 10.28 acres and 41,856 total square feet of building space with a good maintenance history. This property served as a school through this past school year and offers a tremendous amount of existing space, infrastructure, parking, and outdoor area for a variety of potential uses. The main school building was originally constructed in 1949, with an addition completed later, bringing the total building size to approximately 38,336 square feet. The expansive layout includes approximately 20 classrooms, administrative offices, storage rooms, mechanical space, restrooms, a library, cafeteria with stage, commercial-style kitchen, gymnasium with stage, and separate boys' and girls' locker rooms. The gymnasium, stage, locker rooms, and extensive classroom space provide functionality that would be difficult and costly to recreate from the ground up. A second building, constructed in 1960, provides an additional 3,520 square feet and includes four classrooms and bathrooms. This separate building could provide additional instructional, office, meeting, or support space depending on the future use of the property. The campus features blacktop surrounding three sides of the main school, providing substantial paved area for parking, access, outdoor activities, or other potential uses. The property also offers a large amount of open yard space, along with existing playground equipment and swings that will remain with the property. The combination of 10.28 acres, two buildings, extensive paved areas, open grounds, and existing school infrastructure makes this a unique property with substantial potential. Bring your new vision for the campus, this property offers space and amenities that are rarely available in one location. Open House: The property and contents will be available for preview Tuesday, October 20th @ 5-6PM. Private showings available. Taxes/Legal: Richland County Parcel Numbers 0211710603000, 0211710604000, 0211750018000, 0211750003000, 0211750002000, 0211750055000 are located in Mifflin Township and Madison Local School District. The annual taxes will be calculated by county upon transfer. Terms: The successful purchaser will be required to make a non-refundable down payment of 10% at the conclusion of the auction with the balance due at closing within 45 days. A 10% buyer's premium will be added to the final bid to determine the purchase price. All inspections need to be completed prior to bidding.