Food Service & Agriculture, Real Estate, and Retail

Auctioneer sells ex-restaurant properties

September 14, 2015
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Auctioneer sells ex-restaurant properties
The former Sam’s Joint restaurant in Plainwell is about 8,900 square feet. Photo via lastbidrealestate.com

Six former restaurant sites will be for sale on Tuesday.

The properties were part of the Sam’s Joint chain, the now-closed restaurant business that opened in 1977, and are being sold through LASTBIDrealestate.com on behalf of the U.S. Bankruptcy Court.

The Sam’s Joint sites are located in the communities of Kentwood, Plainwell, Coopersville, Lakeview, Athens and Edmore.

The bidding will start online at 8 a.m. and begin to close at 2 p.m.

The Sam’s Joint auctions are part of a 13-site online auction through LASTBIDrealestate.com, which is part of Miedema Asset Management Group in Byron Center.

Here are some of the key details on the former Sam's Joint properties:

Athens: The 8,400-square-foot building, located at 1600 M-66, is on two acres, including 230 feet of frontage on M-66 and on-site parking. Taxable value is $87,600. Minimum bid is $15,000.

Coopersville: The nearly 6,600-square-foot building, located at 15520 48th Ave., is on a six-acre property. Taxable value is $196,596. Minimum bid is $25,000.

Edmore: The 8,400 square foot, multi-use building, located at 70 Howard City, has a store and former car lot space. Taxable value is $123,849. Minimum bid is $15,000.

Kentwood: The 6,516-square-foot building, located at 1665 View Pond Dr., is on 1.21 acres. Taxable value is $201,392. Minimum bid is $10,000.

Lakeview: The 3,4000-square-foot building, located at 9950 N. Greenville Rd., features a large paved on-site parking lot. Taxable value is $56,600. Minimum bid is $15,000.

Plainwell: The nearly 8,900-square-foot building, located at 675 10th St., has seven acres, including 600 feet of frontage on 10th Street. Taxable value is $147,234. Minimum bid is $25,000.  

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