The property at 313 Wolf River Drive is now owned by the village of Fremont.
The village closed on the parcel on Wednesday, Feb. 1 and will next evaluate the condition of the building on the property and how it can be used in the future.
Village President Dan Sambs said the village bought the property from Farmers State Bank for $55,000. The bank had taken ownership of the property. Prior to the bank owning it, an auto and boat repair business was located there, he said.
Sambs said the village financed the purchase through Farmers State Bank and will pay it off in five years.
The property is located right next to Village Hall, which is what sold the village on buying it.
“We certainly are looking at a good size,” he said. “It’s a full block in depth.”
With it located across the street from a boat ramp, Sambs said it could be used for boat ramp parking.
In the summer, Wolf River Drive fills up quickly with vehicles, especially on the weekends. During the week, the street’s parking spaces in that area are often full when the Webfooters practice.
He said the additional parking could also be used by those going to Village Hall or to Neuschafer Community Library.
“There’s a need for public parking in the area,” Sambs said.
The village will consider the potential of the building at 313 Wolf River Drive.
“We’re in the process,” he said, “of evaluating the building and seeing what it would take to refurbish it and to take it up to code and looking at our options. We will take it from there.”