Update: Bill's Lighthouse Inn doesn't sell at auction
Bill's Lighthouse Inn was auctioned today in South Baltimore.
But owner Adele Wedemeyer, who took over the bar when her husband William died, rejected the high bid of $475,000.
Wedemeyer had previously listed the property on Craigslist at $775,000.
Up for auction were the four buildings that comprise the property, the bar's liquor license, and the bar/restaurant's equipment and furniture.
About 20 people turned up for the auction, which took place today at 11 a.m., said auctioneer Nick Luciani, of Alex Cooper Auctioners. He said they hadn't settled on a new listing price yet.
But, "It's still available," he said.
William Wedemeyer owned the bar for nearly 30 years before he died last year. Adele couldn't be reached for comment.
Update: Just spoke with Adele Wedemeyer. She said the bar won't close any time soon.
"It'll stay in business until I get a buyer down the road," she said. The bar will soon be re-listed for $625,000, though she said she would consider offers.
She said the highest bid at the auction wasn't enough for her.
"I didn't want to give it away because it is successful," she said.
Photo: Alex Cooper Real Estate Services