Auction Note

Olive Hotel, Casino, Motel, Apartments and More - Miles City, MT WRITTEN BID AUCTION Owner Financing Available! Written Bids Due Wednesday March 1, 2017   More information at OliveForSale.com Property Note: The Olive Hotel, one of Miles City’s most iconic landmarks is for sale!  Built in 1898, the hotel was place on the National Register of Historic Places in 1988.  The property consists of the original hotel (complete with marble floors, heavy oak doors and stained glass), a casino, apartments, a restaurant (currently not operating) and an auxiliary motel, storage building and lot across the street.  A full liquor license is also for sale.  The property is currently owned by the Nelson family. The properties will be sold by written bid auction with bids due by March 1, 2017.  Interested parties can bid on individual properties or all the properties.  Offers submitted for ALL the properties will be considered as they are received.  All offers for individual properties will be evaluated on March 1, 2017. Owner financing is available.  Property is subject to prior sale.   Contact:  Dave Keller at 701-261-8804, or dkeller@pifers.com for more information on specific properties.    Property Information: Property # 1 Olive Hotel & Casino & Apartments (37,036 sq. ft.)  501, 503, & 507 Main Street, Miles City MT.  The Iconic Olive Hotel consists of 23 hotel rooms in addition to 19 apartments! (fully rented as of this writing.) The hotel has a restaurant (not currently operating) which could be leased out or operated by the owners.  Olive Casino / w license - (8,892 sq. ft.) 507 Main Street, Miles City MT – The Olive Casino is connected to the hotel, but could be sold separately.  The building has a poker room in front with apartments on the first floor.  The second and third floors are not currently used. Legal: MILES CITY ORIGINAL TOWNSITE, S33, T08 N, R47 E, BLOCK 032, Lot 001 – 004 Across the alley on the back of the hotel, there is a 9,500-sq. ft. building attached to the hotel via 2nd floor walkway featuring apartments on 2nd floor and garage space on the 1st first floor.  Legal:  MILES CITY ORIGINAL TOWNSITE, S33, T08 N, R47 E, BLOCK 032, Lot 021 - 022 Property # 2 Motel Annex (16,464 sq. ft.) 15 N 5th St., Miles City MT – Across the street is a Motel Annex consisting of 34 rooms and a Daylight Basement / Garage.  This property can operate as-is or could be converted to apartments. Legal: MILES CITY ORIGINAL TOWNSITE, S33, T08 N, R47 E, BLOCK 027, Lot 011 - 014, LTS 11-13, S 21' LT 14 Property # 3    2 Story building & Open Lot (4,575 sq. ft.)  – 425 Main St., Miles City MT.  First floor open, second story 2 apartments.  Legal: MILES CITY ORIGINAL TOWNSITE, S33, T08 N, R47 E, BLOCK 027, Lot 008 - 010 Property # 4 Storage, office and garage.  413, 413 ½ Main Street Miles City MT (20,160 sq. ft.) Office, garage, and storage.  Legal: MILES CITY ORIGINAL TOWNSITE, S33, T08 N, R47 E, BLOCK 027, Lot 006 - 007 Full Liquor License – Offered separately Property location:  M413, 413 ½, 425, 501, 505, & 507 Main Street.  15 N 5th St Miles City MT.   Written Bids should be sent to: Dave Keller Pifer’s Auction & Realty Att: Dave Keller – Written Bid 1506 29th Ave South, Moorhead, MN 56560   This sale is managed by Pifer’s Auction & Realty. All statements made the day of the auction take precedence over all printed materials. The seller reserves the right to reject or accept any and all bids. Pifer’s Auction & Realty, 1506 29th Ave S, Moorhead, MN 56560. Kevin Pifer, MT #16148.