Home Foreclosure Lolo’s commercial properties to be auctioned

Lolo’s commercial properties to be auctioned

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WASHINGTON, DC – A pair of dilapidated properties that welcomed people entering North Lolo will have new owners.

The Internal Revenue Service has announced that a pair of commercial properties in Lolo will go up for sale in September.

The building on the corner of US Highway 93 and Glacier Drive — along with the former cafe behind it on Glacier Drive — will go up for public auction on September 13.

IRS

The property at 100 Glacier Drive in Lolo.

A press release says the properties are being sold “pursuant to a judicial foreclosure and sale order” from the United States District Court in Missoula.

The minimum bid for the property at 100 Glacier Drive is $526,505 and $200,775 for the property at 104 Glacier Drive.

The auction will take place at the Russell Smith Courthouse in Missoula on September 13. Registration will be at 9:30 a.m. and sale time is at 10 a.m.

Lolo Focus IRS

IRS

The property at 104 Glacier Drive in Lolo.

Mail-in bids will be accepted and must be delivered no later than September 8, 2022.

The successful bidder must deposit a minimum of 10% of the bid amount at the time of the sale and pay the balance of the purchase price within 30 days of the date of the sale, which is October 13, 2022.

More information about this sale is available at IRS Auction – Sale Announcement for Lolo, MTor by contacting Darlene Jones at 602-501-2146 or [email protected]

Many residents of Lolo have been complaining about the condition of the two properties for several years.