The Mohawk Theater on Smith Avenue failed to sell at a Ramsey County property auction this morning. Despite a standing-room-only crowd, no one bid at the $340,000 starting price for the property.
This means that the theater will remain for sale through Ramsey County, starting Tuesday morning, at $340,000.
As I understand it, the price remains firm unless the county decides to re-offer it at a future auction, at which point they’ll re-assess its market value.
But for now, the “for sale” signs will stay up, as the future of the historic building remains unclear.