GREEN BAY, Wis., May 17, 2012 (GLOBE NEWSWIRE) -- Micoley Auctions [] announces the first ever FDIC Online Real Estate Auction with bidding through June 2, 2012, according to Wade T. Micoley, President.

"We have approximately 50 Midwest properties in this first FDIC Online Real Estate Auction event," Micoley explained. "There are some tremendous opportunities here to pick up real estate in Illinois, Michigan, Wisconsin, and Indiana at auction prices. Some properties will sell absolute to the highest bidder."

Bidding is available now through June 2, 2012, with a diverse assortment of properties, including commercial and retail spaces, single family residences, condominiums, duplexes, and residential and commercial land.

"We are exited about the properties up for auction," said Micoley. "There is variety here that will appeal to individuals as well as investors and developers. There is the potential for income producing properties in addition to great opportunities for entry-level home ownership."

One example of the type of potentially income-producing properties available in this online auction is located at 2656-2658 N 50th Street in Milwaukee, WI. The property is a two-story bungalow style duplex with approximately 2,600 square feet; each unit in this duplex has three bedrooms and one bath.

"This is the type of property that has several possibilities," Micoley commented. "A first-time home buyer could live in one unit and rent the other, supplementing their income or offsetting a mortgage payment. A real estate investor could add this to their rental portfolio or turn it around as a flip."

Micoley noted there are also several commercial and residential properties in the Chicago metro area, as well as Indiana and Michigan. Many former branch bank buildings and commercial office buildings are up for auction, as well as building lots and development land.

The properties are available only through this auction. Bids can be submitted 24 hours a day, seven days a week. For more information visit to review the catalog or Live Chat with an auction professional, or call 888-662-1020.

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About Micoley Auctions

Micoley Auctions is a project focused auction company that customizes accelerated marketing programs for financial institutions, commercial/corporate clients, and the individual property owner. Micoley Auctions is committed to reinventing real estate.