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Home Depot auction postponed

A vacant Cottage Grove building owned by home improvement giant Home Depot is still on the auction block, a commercial real estate agent marketing the site said last week, despite the postponement of the Web-based auction for more than a month.

The empty 113,000-square-foot building was due to be auctioned off online last week. But the auction has been pushed back until January 19 through January 21 to give real estate agents more time to get the word out about the commercial property, said Suzie Rettinger, an agent with Coldwell Banker Commercial Griffin Properties who is helping market the site.

Opening bid on the property is $2.13 million, far below the property's listed price of $5 million.