Got 800,000 dollars burning a hole in your pocket?

I mentioned the other day that the Circus House next to Goodale Park was for sale for $1.3 million, which some people thought was a steal, while Mike Reed had this to say:

Whoever pays 1.5 mil for that house should be kicked in the cunt. Seriously… you could do so much with that money. Say, buy a warehouse, convert a bit into a loft, and throw some kick ass art parties.

Well, Mr. Reed, how about this instead… the Modern Finance building (located at the prestigious intersection of Gay and High in the heart of Downtown) is going up for auction on September 26th and will have a starting price of $800,000. I’m going to guess it will wind up selling for much more than that, but it’s still probably more along the lines of a conversion similar to what you mention.

Personally, I think the building is a little ugly and way too short to keep it as is. I’d prefer to see it razed and a new taller building go in, just like Carlyle’s Watch did a block east at Gay and Third.